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40309

40309

The following diagnostic is generating:

Passthrough K-1: The California electronic filing specifications do not allow for the ending ownership of capital to be greater than 100%.

Solution:

In the Detail input, navigate to Screen 3, Miscellaneous Information. Scroll down to the section User Option Overrides. Enter a 1 on the line "Partners' ownership of Capital 1=manual, 2=automatic [O]" (code 31) Navigate to Screen 8, Partner Percentages and verify that the Totals line shows 100 for every column.

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