1065-US: Calculating end-of-year capital percentage on Schedule K-1, item J when percentage is based on ending capital (FAQ)

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Question

How is the end-of-year capital percentage on Schedule K-1, item J calculated when the percentage is based on ending capital?

Answer

If the Compute partner end-of-year ownership percentage based on ending capital field is marked in Screen K1Misc in the Partner Info, Basis folder, UltraTax CS calculates the end-of-year capital percentage on Schedule K-1, item J as follows:

Related topic: Schedule K-1 FAQs (1065)

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