Good evening,

I have a limited partnership in which one of the limited partners gifted units to two new partners as of 12/31/2020.  The new partners did not get any income allocated for 2020.  That seems to be working ok in the return.  The problem I am having is the capital accounts.  I have tried to reflect the transaction through the Other increase(decrease) line but it is not reflected when I print the K-1s.  The "giftor" K-1 Capital account still reflects the same ending capital account as it did before the gift.  The two new partners capital accounts show no activity and $0 ending capital account.  On all three I entered the amounts on the respective K-1 Worksheets as Other Adjustments.

Any suggestions are appreciated.