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Level 1
June 24, 2020
Question

Form 1065 Partnership Equity

  • June 24, 2020
  • 2 replies
  • 23 views

I am preparing a Form 1065 for a partnership with 3 equal partners.  I inputted the allocation for each as 33.33333%.  The total is computing as 99.99999%, generating an error.  How do I compute to 100% with the 3 partners having equal share?  Thank you. 

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2 replies

Just-Lisa-Now-
Intuit Community Champion
June 24, 2020

You cant split 100 in 1/3s exactly...someone needs a to be 33.33334%

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
dd4vols
Intuit Community Champion
June 24, 2020

put your favorite partner at 33.3334%,,,, they will thank you decades later.

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