SES
Level 2

My clients have made a close the book election for a Sub S corporation.  The only allocation entry I can find is for a weighted average allocation, which is not proper in this circumstance.  Where can I enter the specific income and distribution information for each partner?  There seems to be a place to put the allocation codes on the Individual K-1's, but now where to assign the amounts or percentages for the allocations.

 

Thanks,

 

Susan

 

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