Adjusting the partners Capital Basis to Tax Basis

nesanel · ‎09-09-2021

I have entered the adjustments on each of the Partners begging capital basis, and I clicked the box on schedule M2 to recomputed the schedule and the BS on schedule is getting off balance by the difference between Book And Tax income.

Line 3 from schedule M2 analysis Book income is picking up Tax income.?

ihan · ‎09-09-2021

Please see the Tax help in the program on Schedule M2 line 3 and Form 1065 instruction page 56.