Rather than wait for an update, you can enter/edit the Beginning Capital Account balance for each member in Forms Mode. Open your return and click the Forms icon in the TurboTax header.
- In the left column, find "Sch K-1 Wks" and click on the form name to open it in the large window.
- Just beneath the partner information, you will see columns for Capital and Basis, starting with "Beginning of Year."
- In the Capital column, right-click the box and select "Override." Enter/Edit number as needed.
- Scroll down within the worksheet and repeat steps 2-3 for each member.
To view the actual Schedule K-1,
- Click File >> Print from the main menu at the top of the TurboTax window.
- Choose "Specific Forms" and "Form Only."
- Check the box beside each Schedule K-1 you wish to preview.
- Choose "Save as PDF" or "Preview Print Copy" at the bottom. The forms will open in your PDF viewer.
- Look for the Partner's Capital Account in Section L.
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