1065-US: Allocating beginning capital to the partners (FAQ)

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

Question

How is beginning capital allocated to the partners?

Answer

Beginning capital is allocated, or not allocated, based on whether the client was proforma'd, converted, or new.

Note: Beginning capital can also be allocated in Partner Data Entry. Choose View > Partner Information, click the Allocations button, and enter the partner amounts in the column automatically established for beginning capital.

Related topic: Allocating partnership items to partners FAQs (1065)

Share This