topic How do I manually enter the Beginning capital account section L on K-1 ? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/how-do-i-manually-enter-the-beginning-capital-account-section-l-on-k-1/01/161096#M66250 <P>This is the first year our LLC income has exceeded the $250,000 income level and I need to reconcile accounts.&nbsp;&nbsp;</P> Sat, 01 Jun 2019 11:55:18 GMT lorizeigenbein 2019-06-01T11:55:18Z How do I manually enter the Beginning capital account section L on K-1 ? https://ttlc.intuit.com/community/taxes/discussion/how-do-i-manually-enter-the-beginning-capital-account-section-l-on-k-1/01/161096#M66250 <P>This is the first year our LLC income has exceeded the $250,000 income level and I need to reconcile accounts.&nbsp;&nbsp;</P> Sat, 01 Jun 2019 11:55:18 GMT https://ttlc.intuit.com/community/taxes/discussion/how-do-i-manually-enter-the-beginning-capital-account-section-l-on-k-1/01/161096#M66250 lorizeigenbein 2019-06-01T11:55:18Z Yes, you can edit the Beginning Capital Account balance f... https://ttlc.intuit.com/community/taxes/discussion/yes-you-can-edit-the-beginning-capital-account-balance-f/01/161099#M66252 <P><B>Yes</B>, you can edit the <B>Beginning Capital Account</B> balance for each member in <B>Forms Mode</B>.</P><P>Open your return and click the <B>Forms </B>icon in the TurboTax header.</P><OL> <LI>In the left column, find "<B>Sch K-1 Wks</B>" and click on the form name to open it in the large window.</LI> <LI>Just beneath the partner information, you will see columns for <B>Capital</B> and Basis, starting with "<B>Beginning of Year</B>."</LI> <LI>Edit the numbers as needed.</LI> <LI>Scroll down within the worksheet and repeat steps 2-3 for each member.</LI> <LI>To return to working on your return, click <B>Step-by-Step</B> in the header.</LI> </OL> Sat, 01 Jun 2019 11:55:20 GMT https://ttlc.intuit.com/community/taxes/discussion/yes-you-can-edit-the-beginning-capital-account-balance-f/01/161099#M66252 PatriciaV 2019-06-01T11:55:20Z I tried to do this but the program wouldn't let me type a... https://ttlc.intuit.com/community/taxes/discussion/i-tried-to-do-this-but-the-program-wouldn-t-let-me-type-a/01/161101#M66253 I tried to do this but the program wouldn't let me type any numbers into the field. I checked the simple things like Num Lock, checking for updates and restarting the program. Sat, 01 Jun 2019 11:55:23 GMT https://ttlc.intuit.com/community/taxes/discussion/i-tried-to-do-this-but-the-program-wouldn-t-let-me-type-a/01/161101#M66253 stephen-farias 2019-06-01T11:55:23Z What account are you trying to change? You should be able... https://ttlc.intuit.com/community/taxes/discussion/what-account-are-you-trying-to-change-you-should-be-able/01/161104#M66254 What account are you trying to change? You should be able to revise any number in green or blue. If the number is black, right click to see the Data Source. You will need to go to that form/schedule/worksheet to change a number in black. Sat, 01 Jun 2019 11:55:25 GMT https://ttlc.intuit.com/community/taxes/discussion/what-account-are-you-trying-to-change-you-should-be-able/01/161104#M66254 PatriciaV 2019-06-01T11:55:25Z Re: Yes, you can edit the Beginning Capital Account balance f... https://ttlc.intuit.com/community/taxes/discussion/re-yes-you-can-edit-the-beginning-capital-account-balance-f/01/1985492#M714999 <P>no help here</P> Mon, 01 Mar 2021 19:17:38 GMT https://ttlc.intuit.com/community/taxes/discussion/re-yes-you-can-edit-the-beginning-capital-account-balance-f/01/1985492#M714999 Raeka 2021-03-01T19:17:38Z
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topic How do I manually enter the Beginning capital account section L on K-1 ? in Get your taxes done using TurboTax
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https://ttlc.intuit.com/community/taxes/discussion/how-do-i-manually-enter-the-beginning-capital-account-section-l-on-k-1/01/161096#M66250
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<P>This is the first year our LLC income has exceeded the $250,000 income level and I need to reconcile accounts.&nbsp;&nbsp;</P>
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<pubDate>Sat, 01 Jun 2019 11:55:18 GMT</pubDate>
<dc:creator>lorizeigenbein</dc:creator>
<dc:date>2019-06-01T11:55:18Z</dc:date>
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How do I manually enter the Beginning capital account section L on K-1 ?
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https://ttlc.intuit.com/community/taxes/discussion/how-do-i-manually-enter-the-beginning-capital-account-section-l-on-k-1/01/161096#M66250
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<P>This is the first year our LLC income has exceeded the $250,000 income level and I need to reconcile accounts.&nbsp;&nbsp;</P>
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<pubDate>Sat, 01 Jun 2019 11:55:18 GMT</pubDate>
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<dc:creator>lorizeigenbein</dc:creator>
<dc:date>2019-06-01T11:55:18Z</dc:date>
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Yes, you can edit the Beginning Capital Account balance f...
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https://ttlc.intuit.com/community/taxes/discussion/yes-you-can-edit-the-beginning-capital-account-balance-f/01/161099#M66252
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<P><B>Yes</B>, you can edit the <B>Beginning Capital Account</B> balance for each member in <B>Forms Mode</B>.</P><P>Open your return and click the <B>Forms </B>icon in the TurboTax header.</P><OL> <LI>In the left column, find "<B>Sch K-1 Wks</B>" and click on the form name to open it in the large window.</LI> <LI>Just beneath the partner information, you will see columns for <B>Capital</B> and Basis, starting with "<B>Beginning of Year</B>."</LI> <LI>Edit the numbers as needed.</LI> <LI>Scroll down within the worksheet and repeat steps 2-3 for each member.</LI> <LI>To return to working on your return, click <B>Step-by-Step</B> in the header.</LI> </OL>
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<pubDate>Sat, 01 Jun 2019 11:55:20 GMT</pubDate>
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https://ttlc.intuit.com/community/taxes/discussion/yes-you-can-edit-the-beginning-capital-account-balance-f/01/161099#M66252
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<dc:creator>PatriciaV</dc:creator>
<dc:date>2019-06-01T11:55:20Z</dc:date>
</item>
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<title>
I tried to do this but the program wouldn't let me type a...
</title>
<link>
https://ttlc.intuit.com/community/taxes/discussion/i-tried-to-do-this-but-the-program-wouldn-t-let-me-type-a/01/161101#M66253
</link>
<description>
I tried to do this but the program wouldn't let me type any numbers into the field. I checked the simple things like Num Lock, checking for updates and restarting the program.
</description>
<pubDate>Sat, 01 Jun 2019 11:55:23 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/taxes/discussion/i-tried-to-do-this-but-the-program-wouldn-t-let-me-type-a/01/161101#M66253
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<dc:creator>stephen-farias</dc:creator>
<dc:date>2019-06-01T11:55:23Z</dc:date>
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<title>
What account are you trying to change? You should be able...
</title>
<link>
https://ttlc.intuit.com/community/taxes/discussion/what-account-are-you-trying-to-change-you-should-be-able/01/161104#M66254
</link>
<description>
What account are you trying to change? You should be able to revise any number in green or blue. If the number is black, right click to see the Data Source. You will need to go to that form/schedule/worksheet to change a number in black.
</description>
<pubDate>Sat, 01 Jun 2019 11:55:25 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/taxes/discussion/what-account-are-you-trying-to-change-you-should-be-able/01/161104#M66254
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<dc:creator>PatriciaV</dc:creator>
<dc:date>2019-06-01T11:55:25Z</dc:date>
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<title>
Re: Yes, you can edit the Beginning Capital Account balance f...
</title>
<link>
https://ttlc.intuit.com/community/taxes/discussion/re-yes-you-can-edit-the-beginning-capital-account-balance-f/01/1985492#M714999
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<description><P>no help here</P></description>
<pubDate>Mon, 01 Mar 2021 19:17:38 GMT</pubDate>
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<dc:creator>Raeka</dc:creator>
<dc:date>2021-03-01T19:17:38Z</dc:date>
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