Pass-Through Partnership K-1 on and S corp Return

[Gia]

I entered a pass through K-1 from a partnership that my S corp invests in. It shows up as "other income" on the income statement of my S corp return but it throws off the balance sheet/Retained Earning. Does anyone know how to fix this? Do I need to enter it as a investment in Sub in the assets section?

Thanks in advance for your help!

[abctax55]

Was that adjustment to the investment not entered on the trial balance used to start preparing your client's return?

[abctax55]

And, are you planning on asking again next year too?

https://proconnect.intuit.com/community/proconnect-tax-discussions/discussion/where-do-i-enter-the-i...