lanelindly
Level 1
yesterday
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How to fix the beginning capital account for each partner in a Partnership?
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George4Tacks
Level 15
4 hours ago
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Here is a trick to use in ProConnect to find an input for a specific item. Works on most but not all parts of the program.
Check Return > Forms > Find the one you want to do input for > locate the box or line you want > Notice the blue shading> That blue shading is MAGIC! Click on it and Voila! you are at the desired data entry point.
Balance Sheet, M-1, M-2 > Sch M-2 (Capital Account) is where this one leads you. In this case IF all beginning capital is proportionate to the percentage of ownership, enter the total for all.
Answers are easy. Questions are hard!