Why isn't the Partner's Capital Account Analysis printing on Schedule K-1?
Software reference · Written guide Content date 1 min read
On a partnership return, among the questions in the Schedule B menu is Does This Partnership Meet All Four Requirements? If the answer to the question is Yes, the partnership isn't required to complete the following:
- Schedules L, M-1, and M-2
- Form 1065 Item F, Total Assets
- Schedule K-1 (Form 1065) Item L, Partner's Capital Account Analysis
By default these items don't print if the partnership meets all four requirements, but the preparer may wish to complete these items anyway and can indicate in the Schedule B menu that they would like them to print.
In Tax Processors Plus, to print the Partner's Capital Account Analysis on each partners' Schedule K-1, from the Main Menu of the partnership return (Form 1065) select:
- Schedule B - Other Information
- Print Schedule K-1 Section L? - Answer YES.