1065-US: Changing the profit, loss, and ownership columns - units or percentages (FAQ)

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Question

How do I change the profit, loss, and ownership columns in the Allocations window in Partner Data Entry to use units instead of percentages?

Answer

To change the Profit, Loss, and Ownership capital columns in the Allocations window in Partner Data Entry to use units, choose View > Partner Information, click the Allocations button, and then choose Tasks > Allocate by Units. Choose Tasks > Allocate by Units again to clear this option and use percentages.

Note: If you change from percentages to units, any percentages previously entered will be lost. However, if you change from units to percentages, UltraTax CS will automatically convert the entered units to the applicable percentages.

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

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