I have seen a couple of questions about this but no clear answer. So trying again. So we must report the partners tax basis on each individual K-1 this year. I understand that. But now, the capital accounts per the books will not equal the capital accounts on the K-1s. So the questions is, how is Sch L and Sch M-2 to be reflected? Based on the previous questions, it appears that if the K-1s don't equal the other two schedules there will be an error in the program.
Thanks for your help.
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