Enter information for Schedule K-1, item L

Do the following to enter information for Schedule K-1, item L to report partners' capital using the book basis method.
  1. In UltraTax CS, go to the
    M1M2
    screen in the
    Balance Sheet
    folder.
  2. Enter the partners' capital account information in the
    Analysis of Partners' Capital Accounts
    section.
If Schedule K-1, item L is not calculating, check your diagnostics.
If Schedule B question 4 answer is
Yes
, Form 1065, Total assets or Schedules L, M-1, M-2, and K-1, Partner's capital account analysis won't calculate. You can force them to calculate and/or print. Go to the
OthInfo
screen in the
General
folder. Enter
2
in
Meet all requirements for Question 4? (Force)
to force the answer to No. If you don't want to force the answer, but still print the schedules, enter a code in
Print schedules when not required
instead.
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