KDW
Level 2
04-19-2021
06:57 PM
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New Tax Law requires Member's K-1s to use Tax Basis. Instructions to 1065 says the Sch L balance sheet is supposed to be on GAAP or BOOK basis.
How do I get ProSeries to let me have the sum of the K-1s capital accounts "not" equal Sch L and M-1 ending capital account balance?
How do I get ProSeries to let me have the sum of the K-1s capital accounts "not" equal Sch L and M-1 ending capital account balance?
Best Answer Click here
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