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- K-1'S Entered into a 1065 tracking capital? and Distributions
K-1'S Entered into a 1065 tracking capital? and Distributions
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michele
Level 7
07-19-2023
07:07 PM
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I have k-1's I was entering into a partnership. There is no place to input the distributions or to track capital and recourse or non recourse for these k-1's Is everyone creating a spread sheet or notes to track? Any help greatly appreciated.
thanks
Michele
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sjrcpa
Level 15
07-19-2023
07:37 PM
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Distributions and capital, along with income and deductions, get recorded in the trial balance.
Yes I keep a spreadsheet for basis.
The more I know, the more I don't know.
