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February 28, 2024
Solved

Remove data from Partner's Capital Account Analysis

  • February 28, 2024
  • 1 reply
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The question to Schedule B, Question 4 on Form 1065 has been answered as "yes". How can I now suppress/remove the data from Line L on the K-1 as well as Schedule M-2 on Form 1065?

Best answer by 1BT09

Issue resolved. Solution is by 1) entering Forms Mode, 2) opening page 1-4 on 1065, 3) go to Question 4 relating to exception from having to report Capital Account Analysis, 4) if "yes" is selected, then there is an additional box asking if one wants to show the analysis or not - if not, then click on "no".

1 reply

1BT09AuthorAnswer
March 1, 2024

Issue resolved. Solution is by 1) entering Forms Mode, 2) opening page 1-4 on 1065, 3) go to Question 4 relating to exception from having to report Capital Account Analysis, 4) if "yes" is selected, then there is an additional box asking if one wants to show the analysis or not - if not, then click on "no".