1065, Schedule M-2, Line 4 question. Second year as a partnership. First year I invested $120,145 to get the business started. It shows up again this year. Should it?

Forum|Forum|5 years ago
February 25, 2021
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TurboTax Self Employed Online

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Anonymous_

Employee

Enter on line 4 the sum of all other increases to the partners’ tax basis capital accounts during the year not reflected on lines 2 and 3. See instructions for Item L. Partner's Capital Account Analysis.

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Anonymous

Thanks Tagteam. TurboTax looks like it sucked in my original investment out of last years return and put it in Line 4 "Other Increases" but it was something that happened in 2019 not 2020 so I'm confused about why it ended up in Schedule M-2, Line 4.