- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Form 1065 Partners Capital Account not balancing
I am using Turbotax Business. In Form 1065, my Partners' end of tax year capital accounts from Schedule L line 21 do not match the Balance at end of year from Schedule M-2. To attempt to research, I went to Forms then chose Form 1065 pg 4-5. I selected the cell for Partner' capital accounts End of Year balance then clicked on the magnifying glass to go to supporting forms. The supporting form balance does not match. (Note: my Schedule K-1 Capital Account Analysis matches Schedule M-2, not Schedule L).
Topics:
March 3, 2023
1:12 PM