Hi there,
I have a K-1 with no numbers in Part 3 (boxes 1-20).
All that is being reported is a change in the capital account, in Box L.
The detail in the description says the box L total reflects
- Contributions to Capital
- Transferred Caital
I do not see where to enter this in Turbo Tax.
Is this just "internal accounting" and not reflective of a capital event?
Thank you,
Emily
