PatriciaV
Employee Tax Expert

Get your taxes done using TurboTax

TurboTax allows you to update your Capital Account Information during the Schedule K-1 interview process. You'll find this under Federal Income & Expenses >> S-corps, Partnerships, and Trusts.

 

After choosing what type of partner you are, you should see three pages (entries are optional)k:

  1. Percentage of Your Share
  2. Liability Share
  3. Capital Account Information

 

 

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