Hi Professionals,

I have question about reporting a 1065 K-1 to individual tax return. From my understanding, we need to use the "Partner's Basis Worksheet" from the K-1 package to report in "Basis" section of Pass-through K-1s, right? There is also a section L "Partner's Capital Account Analysis" on 1st page of K-1. Do we need to report the capital account info anywhere on individual tax return? Where on tax form or statement would those numbers show up? For example, if basis beginning balance is 0 and capital account beginning balance is 50, where to input and where to check on tax return? Thank you!!

Your time and help is greatly appreciated!