How to enter partner allocation percentages in ProConnect Tax

To enter partner's percentages:

1. From the Input Return tab, go to Partner Information ⮕ Partner Percentages.
2. Enter each partner's beginning and ending percentage of Profit sharing, Loss sharing, and Ownership of capital.

To override partner's percentages on the K-1's:

1. From the Input Return tab, go to Schedule K-1 ⮕ Schedule K-1 Miscellaneous.
2. Select Partner in a Partnership from the tabs at the top.
3. Scroll down to the Schedule K-1 allocation percentage (xx.xxxxx) [Override] field located above the K-1 Statement Allocation Percentage subsection.
4. Enter the amount in xx.xxxxxx format.
   • If you use this field for one partner, it must be used for all partners. You must enter -1 for partners receiving no distributions.
5. Repeat steps for each partner.