Tech2
Level 1
03-03-2021
05:50 PM
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I have forced the Basis Schedule to print for the partners but the ending adjusted basis doesn't match the tax basis capital account on the K-1 because it is reducing basis by the business interest expense on 4a even though the partnership is a small business and is not subject to 163(j). I see that I can override this in screen 9.2 but wonder if there is a reason the software is doing it this way?
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