Enter transfers of partner capital

Do the following to enter transfers of partner capital:
  1. Select
    View
    ,
    Partner Information
    , then
    Transfers of Capital
    .
  2. Select
    Add Date
    .
  3. In the Capital account adjustments group section, select how to adjust the capital account for the transferring and receiving partners.
  4. In the Transfer allocation by group section, select
    Beginning capital
    or
    Ending capital
    .
  5. In the Transfer allocation type group section, select
    Percentage
    or
    Absolute dollar
    .
  6. If you need to prepare Form 8308 for the transfer, use the
    8308
    screen in the
    Schedule K folder
    for data entry.
  7. Enter information for all transferring and receiving partners in the Transferring and Receiving columns.
  8. Repeat steps 2–7 for any additional transfers of capital.
  9. To view the transfers of capital computations, select
    File
    ,
    Print Reports
    ,
    Transfers of capital computation
    in the Print what group section, then
    Preview
    or
    Print
    .
  10. Enter any necessary changes of ownership in the
    Changes of Ownership
    window.
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