I am having the same problem. This is definitely helpful to hear that the info in Schedule L and M2 may not agree. My main concern is that to resulting Capital Account Balance on the Partner's Schedule K1's (both beginning and ending) do not match my books even though I have made an effort to balance the books each year, including "Closing prior year earnings to partner equity". Can you explain why the books would not match the info on the M2 (same as the total of the K1's) would not match the books?
