On the partnership information worksheet under Analysis of Partner's Capital Account I have checked "Sum of invidual line items on each partner's Schedule K-1" and under Capital Account Accounting Method I have checked "Tax Basis".
For row C on each partners Schedule K-1 Item L the current year net income (loss) is the partner's profit % multiplied by financial statement income. It is not calculating the tax items on the schedule K-1 and adding them together.
I am sure I am missing a box somewhere can someone help?
