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Can I efile 1065 with a K-1 Line J profit percent override?
I
have a 1065 Partnership return with 3 partners and one partner died. Thus I
have four K-1’s. The K-1 worksheet information is correct. However the profit/loss
percents on the worksheets are not correctly transferred to the K-1s line J.
TurboTax prepares four K-1’s each showing a 33% Beginning AND Ending interest.
Partner 1 Beginning should be 33% and ending zero. Partner 2 Beginning should
be zero and ending should be 33%. If I override the K-1 percents to correct
this can I still efile the 1065 return?
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June 1, 2019
1:36 PM