Answered: How do I figure out the final profit, loss percentages for Form 1065, Sch K1 for a former partner?

Ecabrera · ‎12-07-2019

Partner was terminated on 07-01-2019, How can I figure out the final percentages for the partner?

IRonMaN · ‎12-07-2019

I believe the worksheet that you entered the partner name, rank and serial number has some allocation worksheets that allows you to enter ownership percentage changes and the date of the changes.

Slava Ukraini!

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Accountant-Man · ‎12-07-2019

How was he terminated: by buyout, by death, sale to the partnership, sale to an outside party or another partner?

** I'm still a champion... of the world! Even without The Lounge.

IRonMaN · ‎12-07-2019

I believe the worksheet that you entered the partner name, rank and serial number has some allocation worksheets that allows you to enter ownership percentage changes and the date of the changes.

Slava Ukraini!

How do I figure out the final profit, loss percentages for Form 1065, Sch K1 for a former partner?

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