I have a non dividend distribution for a partnership tax return am showing on Schedule M-1 form 1065, line 6a. This amount is not being shown on Schedule K and not distributed to any Schedule K-1. In addtion the amount does not show on the DNI worksheet. All other amounts reported on the income tax return are being distributed correctly to the schedule K-1's. Has anyone had this happen and what is the workaround.
This discussion has been locked. No new contributions can be made. You may start a new discussion here
A nondividend distribution is a return of capital. It should reduce the investment on the balance sheet.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.