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Business & farm
apparently, schedule L capital accounts balance with all the k-1s at the start of the year. the 2022 income/loss allocation should be automatic. however, if you had guaranteed payments they may have been entered in the wrong area. other than that it would probably be misentering either capital contributions or withdrawals. look at how much you're off and then look for an entry of that amount. this may not solve your issue as noted we don't have access to the file.
March 3, 2023
9:08 PM