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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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    How do I figure out the final profit, loss percentages for Form 1065, Sch K1 for a former partner?

    Ecabrera
    Level 1
    ‎12-07-2019 09:14 AM

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

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    IRonMaN
    Level 15
    ‎12-07-2019 09:14 AM

    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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    2 Comments 2
    Accountant-Man
    Level 13
    ‎12-07-2019 09:14 AM
    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.
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    IRonMaN
    Level 15
    ‎12-07-2019 09:14 AM

    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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