PatriciaV
Expert Alumni

Business & farm

@larner

I recommend the method described by @AnnieMacGSP: Revise your capital balances in TurboTax 2020 and import the updated return into TurboTax 2021.

 

The forms in TurboTax 2020 may function differently because 2020 was the year the IRS changed how partners capital balances were reported. Overrides may have been added to those forms so the historical information could be updated for the the new IRS rules. Since this flexibility is no longer needed, it's possible the fields have been locked down to prevent calculation errors.

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