amyebeth
Level 2
03-29-2021
02:00 PM
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Is overriding the M-1 beginning number and income number the only solution that has been found for this so far?
I am on the phone with Proseries right now and they don't seem to have any solution for me. Lacerte already has a fix, we need one too. https://proconnect.intuit.com/community/balance-sheet/help/tax-basis-capital-account-reporting/00/12...
While an override may work, that is not a long term solution when all partnership K-1s are supposed to be on a tax basis going forward.