Partnership K1

[SL2020]

How does taxable income flow to Partnership K1, schedule L for 2019

[abctax55]

Same way it did for 2018?

Net income adjusts Line 21, on Sch L.

[SL2020]

Let me be more clear;   Why is book income flowing through to Schedule L on the K1 when it should be taxable income?   Please note that tax basis capital account accounting method is checked on the information worksheet.

Thank you