Hi:
I have a partner that died and bequeathed her share to other descendent partners. Making a 754 election.
I need help with 2 matters:
1. Is there a way in ProSeries to transfer the capital account to the descendent partners (without override)? K-1 worksheet does not seem to work.
2. Is there way to generate a Line L (Capital Account) explanation statement for each affected partner?
Thanks.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.