ramona1
Level 1
 
0 Cheers
sjrcpa
Level 15

Each shareholder is allocated all K-1 items on a per share per day basis unless they made an election to cut off the books. When you enter dates and ownership amounts the software will do the allocations. If there is a cutoff you have to override everything for the K-1s.


The more I know the more I don’t know.
Accountant-Man
Level 13

Enter dates and changes on the worksheet called "weighted average ownership percentage w/s."

** I'm still a champion... of the world! Even without The Lounge.