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- Schedule M-1 form 1065
Schedule M-1 form 1065
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laurojr
Level 1
03-27-2021
12:12 PM
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I have a non dividend distribution for a partnership tax return am showing on Schedule M-1 form 1065, line 6a. This amount is not being shown on Schedule K and not distributed to any Schedule K-1. In addtion the amount does not show on the DNI worksheet. All other amounts reported on the income tax return are being distributed correctly to the schedule K-1's. Has anyone had this happen and what is the workaround.
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sjrcpa
Level 15
03-27-2021
12:16 PM
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A nondividend distribution is a return of capital. It should reduce the investment on the balance sheet.
Ex-AllStar
