K-1'S Entered into a 1065 tracking capital? and Distributions

michele · ‎07-19-2023

I have k-1's I was entering into a partnership. There is no place to input the distributions or to track capital and recourse or non recourse for these k-1's Is everyone creating a spread sheet or notes to track? Any help greatly appreciated.

thanks

Michele

sjrcpa · ‎07-19-2023

Distributions and capital, along with income and deductions, get recorded in the trial balance.

Yes I keep a spreadsheet for basis.

The more I know the more I don’t know.