TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

When I enter initial capital contributions into TurboTax under the members tab, the amount of contribution is not showing up on the K1s. Why?

Forum|Forum|1 year ago
March 4, 2025
1 reply
0 views

In addition, I have added cash contributions for the members and this amount is not showing up on the K1s either.

Employee

You can activate the Partner's Capital Account Analysis on Schedule K-1 by choosing to include Schedule L on Form 1065.

Go to Forms (icon in the TurboTax header) and click on Form 1065 p1-4 in the left column to open it in the large window.
Scroll down to Schedule B Line 4d. If the box is checked "yes," you are not required to include these schedules.
To include this information, look under Line 4b for Completion of Schedules L etc. Smart Worksheet.
Check the Yes box.
Open any Schedule K-1 (Partner) to confirm that part L is now populated.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"