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K1 amounts calculated by percentages assigned for loss are incorrect.
K1 amounts calculated by percentages assigned for loss are incorrect.
FYI:
2 partners.
Partner #1 profit 66.666670% loss is 50.0%
Partner #2 profit 33.33333% loss is 50.0%
Loss is being calculated as 2/3 for partner #1
and 1/3 for partner#2 instead of 50/50.
Capital is 50/50
Also, Partner's Capital Account Analysis not printing. Understand re: Schedule B question 6. Can Analysis be forced to print otherwise?
Topics:
‎February 11, 2020
6:44 AM