laurojr
Level 1

I have a non dividend distribution for a partnership tax return am showing on Schedule M-1 form 1065, line 6a.  This amount is not being shown on Schedule K and not distributed to any Schedule K-1.  In addtion the amount does not show on the DNI worksheet.  All other amounts reported on the income tax return are being distributed correctly to the schedule K-1's.  Has anyone had this happen and what is the workaround.

0 Cheers
sjrcpa
Level 15

A nondividend distribution is a return of capital. It should reduce the investment on the balance sheet.


Ex-AllStar