RobertB4444
Expert Alumni

Business & farm

If the partnership owns the property and the income is earned at the partnership level then capital gains are determined by percentage of ownership.  If you want her capital gains to be less than the other partners then you want her percentage to be lower.  There isn't any other way to change that.

 

You can change the amounts paid out and paid in by partner.  You can also adjust each partners basis in the partnership.  You do all those things at the 'partner information' level.  But that won't adjust capital gains.  That's not the way partnerships work, unfortunately.

 

@KevinP1 

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