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Excalibar
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K1 Partner Capital Beginning Account Different From Previous Year

The Partnership Beginning Capital Accounts in 2022 are different from the ending capital accounts in 2021 although TurboTax imported all 2021 data.  There were no changes to partners.  What could cause this issue?

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3 Replies

K1 Partner Capital Beginning Account Different From Previous Year

There is always the possibility of a transfer error.

 

Have you tried checking your 2021 return for errors and re-transferring the file into your 2022 return?

Excalibar
New Member

K1 Partner Capital Beginning Account Different From Previous Year

Thanks.  Check and found no errors in 2021 return.  How do I re-transfer without create a new 2022 return?

K1 Partner Capital Beginning Account Different From Previous Year

You have to create a new 2022 return or you will wind up overwriting the 2022 file you already started. 

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