Hello,

The beginning balance for Schedule M-2 is adjusted based on the adjustments for each partner on the Schedule K-1 worksheet, which you said you have adjusted. The program does not automatically make any new adjustments for current year net income/loss on Schedule M-2, line 3. By default, the program will bring this number from Schedule M-1 or Schedule M-3, whichever applies. We have made the field editable so it can be manually changed if a different value is desired.