- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Schedule M-2 Line 1 is the total beginning capital balance shown on Schedule K-1 Worksheet, which itself is the total of all entries for each partner on this worksheet. The balance for each partner can be edited as long as the numbers are green (imported from last year) or blue (entered this year). Note this worksheet has an internal scroll bar to move between partners.
When working in Forms Mode, you can track the flow of numbers in the return by right-clicking on any box and choosing Data Source. Numbers in black are either brought over from another form or are calculated (and can't be changed). In general, boxes highlighted in yellow are direct input.
Schedules M-1 and M-2 (which always appear under Schedule L (balance sheet)) have Smart Worksheets above Line 1 where supplemental calculations are made. Some direct entries to these worksheets are allowed.
Additional Information:
- How do I manually fill out my tax forms in TurboTax Desktop?
- What's the meaning of all the different colors in Forms Mode?
**Mark the post that answers your question by clicking on "Mark as Best Answer"