I have completed everything in the K-1 Worksheet, but do not see any place for the date the Partner sold interest to one of the other partners. I need the date so all income and expenses are allocated correctly. I will also move ending Capital Account balance to the other Partner.
Forms Menu>>>Addl K-1 Info
Don't forget that on the date his Partnership interest percentage goes up, the others partners' percentage must go down. so, you fill out the change dates for each partner #.
this then figures out the weighted average income and all that hard stuff...
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