Can you split a cash investment unevelnly from 2 partners in an S-Corp ? Under partner basis worksheet #1 invested 69,100 #2 69,500. quickbooks keeps showing each 69,300

[userraymond]

I need to put total increase under schedule M-2 of 138,600 and it keep spliting it evenly between partners.

[sjrcpa]

Is this a QuickBooks question or a ProConnect tax software question?

[abctax55]

S-Corps don't have partners, they have shareholders.

Unless an LLC electing?

[userraymond]

Quickbooks, and it has 2 partners sorry about that. It is a partnership owned by 2 S-Corps.

[TaxGuyBill]

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@userraymond wrote:

Quickbooks, and it has 2 partners sorry about that. It is a partnership owned by 2 S-Corps.

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I don't know the Quickbooks part, but are you entering it as a Partnership or as a S-corporation?

It sounds like it is a Partnership, but you might be accidentally entering it as a S-corporation.

[qbteachmt]

You seem to be lost on the internet.

You’ve come to a Peer User community for Intuit Income Tax Preparation products supporting Lacerte, ProSeries, or ProConnect Tax Online products. Please visit the QuickBooks Help site for the answer to your question.

Your sign in user info here is the same one you can use over at the QuickBooks forum.

Thanks.