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Business & farm
I agree - the balance sheet has the total partner contribution, not propagating to the K-1. TT support says the program is working as designed, but I still cannot enter last year's starting capital account balance, unless I override on the K-1 Section L. Am I misunderstanding this? To refresh... I have last year's K-1 starting capital balance for each partner, but cannot enter it in the interview process or on the K-1 Worksheet. It seems to work if I go into the K-1 Section L and override the entry for beginning capital. Is this the only way to do this?
‎February 12, 2022
2:13 PM