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Business & farm
Having a similar issue, except I already know the capital account beginning balances for each partner. (Am using Turbotax for this partnership for the first time; but have used the program for other partnerships for many years now.) Should I make a dummy return for prior year so that transfer last year's ending balances so that it becomes their beginning of the year capital account balance?
‎February 10, 2022
6:18 PM