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Level 2
February 8, 2023
Question

If in the return of 1065 amount of income and loss is not flowing as per ownership percentage then what to do?

  • February 8, 2023
  • 1 reply
  • 7 views
In partnership return i add the profit percentage and ownership percentage in partners information but still amount of profit and loss is not flowing in k-1 ordinary income as per profit percentage of partners.
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1 reply

George4Tacks
Level 15
February 8, 2023

Did you enter both beginning and ending partners percentages and ownership? 

Answers are easy. Questions are hard!
Level 2
February 10, 2023

Yes, I did

George4Tacks
Level 15
February 10, 2023