misskeiko
Level 4
05-18-2020
06:07 PM
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Hello,
I find the capital account on K-1 is different from the one calculated by Lacerte. The current year net income(loss) is always different...Lacerte is using all the numbers i entered to calculate. I am sure i entered all the numbers right. But somehow the current year net income is wired on K-1, which does not equal to the calculation. Can i use other current year increases(decreases) to basis to adjust Lacerte and keep it the same as K-1?
Thank you!
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