jbmiller03
Level 1

ProSeries Software Question on the K1 conversion to tax basis.  

I kept the previous K1s on GAAP basis.  For 2020, I have filled out the Schedule L and Schedule M-1 with GAAP basis information as I have done in the past.  If I then go to the K-1 worksheet to adjust the capital account to tax basis, I receive an error on the Schedule L and M-2.  ProSeries is also putting book income instead of tax income in Section L of the K1.  Is there something in the software to fix this issue or do I have to fill out the Schedule L with tax basis information.

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