ssellstrom
Level 1
04-05-2021
06:47 PM
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Federal must be Tax Basis, but California S/B 704(b)
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George4Tacks
Level 15
04-05-2021
07:30 PM
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Screen 1 > Miscellaneous > Partner's Cap Accts (State Only) > Select from the drop down.
If my psychic abilities are lacking, try rephrasing your statement in the form of a question (YES, we miss Alex!)
Here's wishing you many Happy Returns
sjrcpa
Level 15
04-05-2021
07:31 PM
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If so, that only affects the capital account.
What is your issue?
Ex-AllStar
ssellstrom
Level 1
04-05-2021
07:37 PM
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Tried to use Screen 1, Misc Info: "Partner's Cap Accts (State Only) with "Tax Basis"....did not work. The California K-1s still show "704(b) capital accounts", rather then "Tax Basis" on Pg. 2 Sch I.
