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Lacerte Diagnostics
Moderator
November 20, 2020

25292

  • November 20, 2020
  • 0 replies
  • 3 views

The following diagnostic is generating:

The designated rounding partner has no percentage, weighted average, or allocation override entered for profit sharing, loss sharing, or capital ownership; therefore, rounding amounts may appear on this partner's Schedule K-1 even though it should be blank. Please review the rounding partner designation and make the appropriate changes.

 

Solution:

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