agarrett
Level 1
03-09-2020
06:24 PM
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This issue is NOT solved. If someone could take the time to read all the way down and realize that the original question was never answered that would be great. Would love to know the answer to this question which I can't seem to find anywhere.
"I also want the amounts to be on the tax basis.
It seems I have to change the M-2 amounts to change the K-1.
Basically, I want to show on the 1065 balance sheet to be GAAP and M-2 to be tax basis.
Do I overwrite the balance sheet ending capital account? I don't want to use overwrite unnecessarily."
Basically, I want to show on the 1065 balance sheet to be GAAP and M-2 to be tax basis.
Do I overwrite the balance sheet ending capital account? I don't want to use overwrite unnecessarily."
Two other people responded asking the same question.
