Re: I input the beginning basis for each LLC member in the partner information section, why is it not reflected in the K-1?

ericaustincpa · ‎06-01-2020

sjrcpa · ‎06-01-2020

There is no field on the K-1 for basis. There is a field for beginning capital account, which usually is not equal to basis.

The more I know, the more I don't know.

qbteachmt · ‎06-01-2020

You've asked 4 times. Your original is here:

Please stop asking again and again. Stay with the original topic. Thanks.

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I input the beginning basis for each LLC member in the partner information section, why is it not reflected in the K-1?