TurboTax FAQ
TurboTax FAQ
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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. 

Solution

To correct this:

  1. Go to Forms Mode in the top right corner
  2. Click 'Information Wks' from the left hand column
  3. Scroll down to 'Part IV'
  4. Under "Partner Printing Options" select the "Yes" box beside "Calculate and print the Partner Basis Statement?"
  5. All calculations now flow through to the Partner Basis Statement
  6. Return to Interview Mode by clicking 'Step-by-Step' in the top right corner

SLN98319