On a 165 partnership return where you are opting out of including Schedules L, M-1, and M-2 on the return, most tax software allows you to still show the capital account analysis on K-1s.
Please give us a way to output the capital account analysis on K-1s, but still opt out of using Schedules L, M-1, and M-2.
Thanks for the idea to add a way to output the capital account analysis on K-1s, but still opt out of using Schedules L, M-1, and M-2. . We are changing the status to "Open for voting".
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