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Partnership Ending Capital for K-1

  • 1.  Partnership Ending Capital for K-1

    Platinum Most Valuable Member
    Posted 03-11-2019 15:11
    hI Friends.

    I need help on issuing K-1  where some of the partners have a negative capital balance.
    the math to show the $ amount of capital is easy ( i think )   but what percentages should be display for capital.

    If there are three partners with ending capital appearing as such:
    A                  20
    B                  20
    C                 -10

    total capital   30


    what would be the % of  for each partner to present in the K-1

    any help appreciated.

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    Abby Alhante
    KURCIAS & ALHANTE, CPAs LLC
    Melville NY
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