Yes, you may need to confirm the capital account entries for each member in Forms Mode.
Open your return and click the Forms icon in the TurboTax header.
- In the left column, find "Sch K-1 Wks" and click on the form name to open it in the large window.
This form has an embedded scrollbar on the right to move between partners.
- Just beneath the partner information, you will see columns for Capital and Basis, including lines for Contributions.
- Edit the numbers as needed. If the form doesn't allow direct entry, right-click and choose Override.
- Scroll down within the worksheet and repeat steps 2-3 for each member.
- Confirm Part L is completed on the Schedule K-1 by finding "Schedule K-1 (Partner Name)" in the forms list. Click to open and scroll down to Part L. The entries you made should appear here.
- To return to working on your return, click Step-by-Step in the header.
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