I have a client with a negative ending capital account in 2019. Let's say $10,000. In July 2020 he gets a distribution of $2,000 which "buys" him out and his sh...
Thank you for your prompt response.So there is no way to keep track of Part II item L capital account analysis within the 1040 in ProSeries?
Is there a place in ProSeries to enter the information that appears in Part II of a 1065K-1?