Wrong partner's capital
In the ProConnect tax, I am preparing 1065 and Schedule K-1, and I found big problems regarding each partner's capital account.
Although the Beginning capital in the total amount is correct, as it is from the last year's ending balance, K-1 shows a completely wrong amount for each partner, and even though the TOTAL capital at the beginning of 2018 is the same as the capital balance of all partners' at the ending of 2017, each partner's beginning balance is calculated by the program, based on the percentage at the end of 2018, based on the CURRENT year's ENDING percentage!!! How could the program have done this? It applies the current year's ENDING percentage to the BEGINNING capital amount for each partner!!
And I wanted to overwrite each beginning capital amount because the are NOT consistent with the last year's capital amount of each partner, but there is no place to overwrite, or to manually enter each partner's capital amount. Only in the Basis worksheet, you can enter each partner's capital balance, withdrawal, contribution, etc. but any entry in the basis worksheet is not reflected, and the program completely ignores all the entries in the basis worksheet.
I can't use this wrongfully calculated K-1 to the partners, and I can't complete and file 1065 for the partnership.
Intuit's developer has to do some fix on this issue.