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Toper
Returning Member

TT Premier 2023 K-1 Box 19A distributions

Box 19 code A distributions amount is not updating the “withdrawals and distributions" line in part II, section L,  creating an incorrect “Ending Capital Account” amount.  Current year income is pulling over correctly.  Is this a software issue or am I missing an input in filing?

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PatriciaV
Expert Alumni

TT Premier 2023 K-1 Box 19A distributions

Yes, you are correct. The entry you make from Schedule K-1 Line 19 (Distributions) does not flow to the Capital Balance calculation for that partnership. You will need to manually enter the amount of the distribution as a negative number on the Capital Account Information page. Ending Capital is updated after you click "Continue."

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