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How do I figure out the final profit, loss percentages for Form 1065, Sch K1 for a former partner?

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Level 1

Partner was terminated on 07-01-2019, How can I figure out the final percentages for the partner?

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Level 15

I believe the worksheet that you entered the partner name, rank and serial number has some allocation worksheets that allows you to enter ownership percentage changes and the date of the changes.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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2 Replies 2
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Level 11
How was he terminated: by buyout, by death, sale to the partnership, sale to an outside party or another partner?
** I'm still a champion... of the world! Even without The Lounge.
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Highlighted
Level 15

I believe the worksheet that you entered the partner name, rank and serial number has some allocation worksheets that allows you to enter ownership percentage changes and the date of the changes.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

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