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Why don't Partner Capital Accounts amounts match between Form 1065 Schedules L and M-2?

davetodd11
Level 5
On Form 1065, p.6, Schedule L, Line 21 "Partner Capital Accounts", the amount indicated is $232,288.  The cross reference indicates this data is being pulled from Schedule M-2, Line 9.  However, that amount is $232,285.  Why is there a $5 difference?
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Accepted Solutions
Norman2001
Level 7

I had a similar problem. I clicked on Sch L Line 21 Box and pressed the Delete key. This cleared the wrong amount and updated with the correct amount. 

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4 Comments 4
IRonMaN
Level 15

My math says a 3 dollar difference probably due to rounding?


Slava Ukraini!
Norman2001
Level 7

I had a similar problem. I clicked on Sch L Line 21 Box and pressed the Delete key. This cleared the wrong amount and updated with the correct amount. 

davetodd11
Level 5

Thanks Norman.  The most bizarre fix - and it worked!

Norman2001
Level 7

A new "feature" I think.

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