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K-1'S Entered into a 1065 tracking capital? and Distributions

michele
Level 7

I have k-1's  I was entering into a partnership.  There is no place to input the distributions or to  track capital and recourse or  non recourse for these k-1's  Is everyone creating a spread sheet or notes to track?  Any help greatly appreciated.

 

thanks

Michele

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1 Comment 1
sjrcpa
Level 15

Distributions and capital, along with income and deductions, get recorded in the trial balance.

Yes I keep a spreadsheet for basis.


Ex-AllStar
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