Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 


Level 2


Does ProSeries have capability to enter each partner's individual income/expenses under one partnership.  

Scenario: 1 partnership, 4 partners, all have 25% each, but each has their own gross income and expenses. Is there an option in ProSeries to enter each individual partner's income/expenses, keeping it all at 25% each and then having a K1s printed with individual net income (as all had different gross/expenses)?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

2 Comments 2
Level 15

Is this really a Partnership?  It sounds like 4 separate Sole Proprietorships.


0 Cheers
Level 15

If it is a partnership they are doing allocations by formula. Does the Operating Agreement provide for this?

You would need to Specially Allocate everything. What a pain in the tuchus.

0 Cheers