itonewbie
Level 15
03-03-2023
09:48 AM
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The simplest thing to do is to drill down from forms and schedules, if you don't know where to make the input, so long as the field is highlighted in blue.
That will bring you to Balance Sheet, M-1, M-2 > Sch M-2 (Capital Account).
On the first line, Beginning capital, enter what it should be and ProConnect Tax will allocate it between the partners based on their respective shares. Ending capital will also be computed automatically unless you want to make adjustments or overrides on the same input screen.
If you need to apply special allocation among the partners, click on the Special Allocations tab above for the input screen.
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