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Level 5
March 30, 2022
Question

K-1

  • March 30, 2022
  • 1 reply
  • 11 views

Box L on the bottom left of the 1065 K-1 shows partner's capital account analysis, like beginning capital account, capital contributed during the year, increases, decreases, and ending capital account.  I know where to enter these amount in Ultra Tax, but I cannot find a place to enter any of these in the Proseries Schedule K-1 worksheets.  This is their 1st year receiving this K-1.  Any ideas?

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1 reply

dkh
Level 15
March 30, 2022

Schedule K1 Worksheet where Partner information (Id#, name, address) is entered has place for beginning capital account,etc