Calneva:

I have had 3 phone calls to Intuit, they do not see the problem that Schedule M-2, Schedule L and Schedule K-1 capital accounts are all programmed to link to each other. The problem with this; if you compute the "new" tax capital basis" amount and adjust beginning Schedule K-1. This forces M-2 and Schedule L to use those amounts. What if the audited book balance sheet is GAAP? You can not deal with this.