LindaS1
New Member

How do I update information about the partnership / partner on a K-1 without doing it directly on the form?

There are several questions regarding a K-1 we receive that has activity in both "business" and "rental real estate". I entered them as two separate K-1s as instructed, however, it appears that they both are showing amounts under "beginning capital account" and "ending capital account".  I'm pretty sure when I entered them a few years back I only entered this information under one of them.  How can I correct this?

Also, there is a change to the ending capital account for the LLC due to a current year increase.  Maybe I'm just tired but I can't figure out how to enter this into TurboTax without manually forcing the form view (which I have not tried yet).

Additionally, this LLC has new entries for Partner's share of liabilities - we have never had this before and I can't figure out how to get them entered (same as previous problem).