Greetings!

On ProSeries, Form 1065 Partnerships, I have a change of ownership from a group of unitholders (partners) (LLC taxed as a partnership) to an outside party purchasing 100%.

I have completed the return.  However, one final challenge.  

Challenge: 

1.  On the K-1s, The previous partners capital accounts still have balances.

2.  On the M-2, The ending balance is off by exactly the amount of the balances. (The Schedule L has the correct capital balance which is the ending capital balance for the purchasing party)

Thanks in advance for insight how to input into ProSeries ....Transferring Capital Due to a Change in Ownership for a Partnership.

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