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Partnership Tax Estimates
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mmmconsultingse
Level 1
2 weeks ago
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Hello - I recorded tax payments from the partnership because I use the business checking account to pay them. I debit equity as a tax estimate and credit cash. When I am calculating the M2 do I put those with the other distributions on line 6? I was researching that tax estimates are not included in the calculation of partners' capital account however if I don't include them than my balance sheet does not balance.
