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Level 2
posted Feb 28, 2024 2:12:09 PM

Remove data from Partner's Capital Account Analysis

The question to Schedule B, Question 4 on Form 1065 has been answered as "yes". How can I now suppress/remove the data from Line L on the K-1 as well as Schedule M-2 on Form 1065?

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1 Best answer
Level 2
Mar 1, 2024 8:57:38 AM

Issue resolved. Solution is by 1) entering Forms Mode, 2) opening page 1-4 on 1065, 3) go to Question 4 relating to exception from having to report Capital Account Analysis, 4) if "yes" is selected, then there is an additional box asking if one wants to show the analysis or not - if not, then click on "no".

1 Replies
Level 2
Mar 1, 2024 8:57:38 AM

Issue resolved. Solution is by 1) entering Forms Mode, 2) opening page 1-4 on 1065, 3) go to Question 4 relating to exception from having to report Capital Account Analysis, 4) if "yes" is selected, then there is an additional box asking if one wants to show the analysis or not - if not, then click on "no".