Welcome back! Ask questions, get answers, and join our large community of tax professionals.

Where to enter Partner's Capital Account Analysis for Form 1065- K-1 for a Partner

cancel
Showing results for 
Search instead for 
Did you mean: 

Where to enter Partner's Capital Account Analysis for Form 1065- K-1 for a Partner

Turtle43

I could not find a place to enter the info in the Partners Capital Account Analysis section of a Form 1065 K-1 for a client. I think this is important as from year to year, the activities such as Current Year Net Income (Loss), Other increase and decrease as well as Withdrawals and Distributions would be best to track inside Proseries. I mainly use Proseries Basic and sometimes Proseries Basic.

Status: New
Vote now if this is a good idea
2 Comments
sjrcpa
Level 15

ProSeries does not have a basis worksheet.

It is important to track basis. Create your own spreadsheet and keep in your workpapers.

Turtle43
Level 3

Thank you!  I was hoping I don't have to use my own spreadsheet 🙂  Thanks for confirming Proseries does no have the Partners Capital Account Analysis.  Appreciate your response.  I was also hoping to add as a suggestion to add to the function of ProSeries.  Thanks!

 

Post comment