userraymond
Level 1
03-13-2023
11:46 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I need to put total increase under schedule M-2 of 138,600 and it keep spliting it evenly between partners.
Labels
userraymond
Level 1
03-13-2023
01:45 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Quickbooks, and it has 2 partners sorry about that. It is a partnership owned by 2 S-Corps.
TaxGuyBill
Level 15
03-13-2023
03:13 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@userraymond wrote:
Quickbooks, and it has 2 partners sorry about that. It is a partnership owned by 2 S-Corps.
I don't know the Quickbooks part, but are you entering it as a Partnership or as a S-corporation?
It sounds like it is a Partnership, but you might be accidentally entering it as a S-corporation.
qbteachmt
Level 15
03-13-2023
08:24 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You seem to be lost on the internet.
You’ve come to a Peer User community for Intuit Income Tax Preparation products supporting Lacerte, ProSeries, or ProConnect Tax Online products. Please visit the QuickBooks Help site for the answer to your question.
Your sign in user info here is the same one you can use over at the QuickBooks forum.
Thanks.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
