@2020qwerty wrote:
The business suffered a loss. The amounts calculated on the K-1 are picking up the Profit percentage that differs from Loss percentage.
That is because you did not also allocate each partner's year-end income or loss based on the profit percentage or loss percentage (i.e. you probably did not change the default "profit percentage").
You should see that option in the Assumptions About Your Partners screen (right after the Partner Summary screen).
