How do I enter a transfer of interest in a 1065 return using worksheet view in CCH Axcess™ Tax and CCH® ProSystem fx® Tax?
This video covers the steps involved in entering a transfer of interest in a 1065 return.
- Go to Partners > Transfers of Partner Interest/Capital.
- Select Section 2 - Changes in Partners' Interest and Transferring Information.
- In Line 1 - Date 1, enter the date of the first change.
- Note: Enter the dates in chronological order.
- In Line 2, do the following:
- In the Partner Number column, enter only the partners involved in the change.
- In the Resulting Percent/Units column, enter the percent or the number of units the partner will have after the transfer is done.
- In Line 1 - Date 1, enter the date of the first change.
- Repeat these steps as needed for each transfer.
- Select Section 2 - Changes in Partners' Interest and Transferring Information.
- Calculate the return.
See our article on how to enter the Transfer of Partner Capital using worksheet view.
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