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Transfer of partnership interest in ProSeries

MichaelN30
Level 3

Hi:

I have a partner that died and bequeathed her share to other descendent partners. Making a 754 election.

I need help with 2 matters:

1. Is there a way in ProSeries to transfer the capital account to the descendent partners (without override)? K-1 worksheet does not seem to work.

2. Is there way to generate a Line L (Capital Account) explanation statement for each affected partner?

Thanks.

0 Cheers