why are my distributions in section L of K-1 being added and not deducted

[stantenn]

Help please! I am new to ProConnect and doing multi year returns for a client.  The distributions on K-1 in Part III box 19 are correctly showing a negative (eg -1,000).  However, in Part II, box L, the partner capital account analysis is adding the distributions to their balance. 

How it is showing up and calculating on the K-1:

Beginning cap: -0- (first year return)

Capital contributed: 12700

Current year increase/decrease: -8033

Distributions: 8035

Ending Capital: 12702

Shouldn't it show at least a zero basis if not showing the correct math of -3368? How do I fix? Thank you for any help!

[PhoebeRoberts · Accepted solution]

Distributions in Box 19 should be a positive number.

[sjrcpa]

And remember that the tax basis capital account is not basis. Capital account can be negative. Basis cannot.

[stantenn]

That explains why it is adding it back.  Thank you!