Business & farm

Yes, there is a Line 13(e)(O) (oh) on Schedule K. Code R is entered below that line. Entries on Line 13(e) should have no effect on Schedule M-2. You may manually enter the profit-sharing contributions as an "Other decrease" on Line 7 of Sch M-2. If properly allocated to all Schedules K-1, the partners' capital accounts should reconcile.