AnotherTaxGuy
Level 2

Hey George4Tacks

 

What you mention isn't quite the issue I have. I've zeroed out the capital account balances & balance sheet, no issues there.

 

What I am trying to adjust is the ending ownership % shown on each owners K1. Where is says:

 

Partners share of profit, loss, and capital

 

Beginning of year / End of year

50% / 50%

50% / 50%

50% / 50%

 

I want the ending to show zero %, because the partnership was closed.

0 Cheers