One Desk & Partner Basis Entry

[Terry D EA]

Anyone out there using OneDesk or OltPro and completing a partnership return? On page 5, Sch M-2, I cannot find where the input for the partner beginning basis is located. I have filled out the K-1 partner basis, beginning, ending, increase/decrease. Still cannot find where the input is.

[Terry D EA]

For anyone who wants to know. I did find the input for the partner beginning capital account on the Sch M-2. This return did not have a balance sheet in it from the previous year. The partner capital account on the balance sheet for the previous year is where the beginning basis input is.

[mrichman333]

Thanks Terry.

[Terry D EA]

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I must have worked on this return too long. I keep saying basis and it is the partner's beginning capital account. Forgive me.