Aterralbook
Level 1

Trying to complete partnership return.  Yep past the deadline.  Discovered on form 1065, line 22 that the calculation is incorrect.  Has anyone experience this?  If so, is there a solution?  

 

Line 22 says to subtract line 21 from line 8 and it gives you ordinary business income (loss).

Line 21 is 101332 and line 8 is 48092.  Ok I am great at math.  Proconnect gave the amount for line 22 as -106480.  Absolutely not correct.  Basic math: 48092-101332=-53240 and 101332-48092=53240.  Even the SE Worksheet says -53240.  It is also messing up k-1 allocation summary  and both k-1s as it is not splitting it up between the partners.  It is placing the full amount to partner 1.

Either I have manually entered something incorrectly or the algorithm/formula is incorrect.  Please help. 

 

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