Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Form K-1 for Form 568
Form K-1 for Form 568
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
vioricam
Level 1
01-23-2023
05:56 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
2022 beginning capital accounts on the Forms Ks-1 for Form 568 do not match 12/31/2021 Ending capital accounts on same form. Difference is the Federal/CA depreciation adjustment that FTB asked to be presented in 2021 (and this year) on the Schedule M-2 of the Form 568. That amount was included in the ending capital accounts for 2021 but shows in 2022 as an unlocated amount on the CA beginning capital account specific allocations screen. What is the solution to this other than overriding end entering all ending capital accounts 2021 through the state specific allocations screen?
Labels
