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Troubleshooting partnership diagnostics ref. 334, 335, 25286, and 35624 in ProConnect Tax

SOLVEDby Intuit1Updated July 06, 2023

The following diagnostics are generating in ProConnect Tax:

  • The Partner's total profit allocation percentage does not equal 100%.(ref. #334)
  • The Partner's total capital allocation percentage does not equal 100% (ref. #25286)
  • The Partner's total loss allocation percentage does not equal 100%. (ref. #335)
  • The Partner's total profit allocation percentage does not equal 100%.(ref. #35624)

Data entry may be affecting the total percentage values to either be less than 100%, or more than 100%.

You need to make sure the partner percentages equal 100% and that there are no overrides or incorrect/incomplete entries. Follow each set of instructions below in order to resolve these errors.

 

These critical diagnostics are informational, due to the impact these percentages have on the overall partner calculations. However, they aren't e-file critical and won't affect the ability to e-file.  

Follow these steps to enter partner percentages in a 1065 return:

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

Follow these steps to make sure partner percentages equal 100%:

  1. From the Input Return tab, go to Partner Information  Partner Percentages.
  2. Enter each partner's beginning and ending percentage of Profit sharingLoss sharing, and Ownership of capital.
  3. Make sure the Totals for each column equals 100%.

If the Totals equal 100%, you may have overrides entered on the Schedule K-1 Miscellaneous screen.

Follow these steps to check for overrides:

  1. From the Input Return tab, go to Schedule K-1  Schedule K-1 Miscellaneous.
  2. Select a partner from the tabs at the top.
  3. Locate the Distributions section.
  4. Make sure there are no entries in Schedule K-1 allocation percentage (xx.xxxx) [Override].
  5. Repeat steps 2-5 for each partner.

If there aren't any overrides on this screen, you may have incomplete or incorrect entries on the Change of Ownership screen under Partner Information.

Follow these steps to check for incomplete or incorrect entries:

  1. From the Input Return tab, go to Partner Information Change of Ownership.
  2. Select a partner from the tabs at the top.
  3. Check for any incomplete or incorrect entries.
    • Percentages entered here can affect the calculation of the Schedule K-1, but won't change the percentages in Box J.
  4. Repeat step 2 and 3 for each partner.
    • If these totals don't equal 100%, you must use Special Allocations tab to allocate the unassigned amounts. 
    • If there are partners listed which have no interest in the partnership in the current year, they must also have information entered for the periods indicated, with -1 for percentages.

If there aren't any entries in the Change of Ownership screen, you can change your settings to require manual entry of the partners' ownership of capital.

Follow these steps to require manual entry of partners' ownership of capital for all clients:

  1. From the Input Return tab, go to General Miscellaneous Information.
  2. Go to the Miscellaneous Information tab.
  3. Go to the User Option Overrides section.
  4. Enter a 1 in the Partners' ownership of capital: 1=manual, 2=automatic [Override] field.
    • This option will override your user options.

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