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I input the beginning basis for each LLC member in the partner information section, why is it not reflected in the K-1?

ericaustincpa
Level 1
 
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2 Comments 2
sjrcpa
Level 15

There is no field on the K-1 for basis. There is a field for beginning capital account, which usually is not equal to basis.


Ex-AllStar
qbteachmt
Level 15

You've asked 4 times. Your original is here:

https://proconnect.intuit.com/community/proconnect-tax-online-discussions/discussion/why-is-the-indi...

 

Please stop asking again and again. Stay with the original topic. Thanks.

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