K-I
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K-I Rip Some time ago I had a question: Line N "Partners capital account analysis" is blank. Should it not have beginning and ending capital account values. You said: No. If Question 5 on page 2 was answered yes, then Section N does not have to be filled out. My question: Where does one find Q# 5 page2? It's not on "Retake Partnership Tax Interview" which seems to be the only questionnaire that I can see. What is question 5? Val Val,
Question 5 does not come up in the interview. The software
knows the answers to the question. You can see how it was answered by printing
[or looking at] page 2 of the 1065. If the answer is 'no', I am not sure what
bivio does. I suspect that it prints out the rest of the return, and you have to
fill the rest by hand. I do know that by paying an addition amount, bivio will
prepare those schedules for you.
Rip West Saint Paul, MN Rip West wrote:
> If the answer is 'no', I am not sure what bivio does. Our software will fill out K-1 Item N, 1065 Item F, Schedules L, M-1 and M-2 if the club has yearly income over $250K or total assets over $600K. Otherwise the extra information is left blank. Paul Moeller bivio, Inc. |
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