Beginning Basis not showing on Partners Basis Statement
TurboTax Business is not flowing the Beginning of the Year Basis from the Schedule K-1 Worksheet to the Partners Basis Statement. The Partners Basis Statement is retained for business records and not filed.
To correct this:
- Go to Forms Mode in the top right corner
- Click 'Information Wks' from the left hand column
- Scroll down to 'Part IV'
- Under "Partner Printing Options" select the "Yes" box beside "Calculate and print the Partner Basis Statement?"
- All calculations now flow through to the Partner Basis Statement
- Return to Interview Mode by clicking 'Step-by-Step' in the top right corner