How do I adjust the cost of my MLP's so that they reflect capital account Increase/decrease K-1 adj

I have used "RtrnCap" to record cash capital account distributions made by my MLP's.  I cannot figure out how to get Quicken to reduce/increase MLP cost (the partner's capital account) so that it properly reflect "K-1 L current year increase/decrease."  "RtrnCap," cannot be used since it adds cash to the account.  These partnership capital adjustments do not reflect cash flowing in or out of the account.  The transactions reflect tax and accounting adjustments that need to be recorded to properly reflect the MLP's taxable cost basis .

Can anyone help me?


Best Answer


  • atstephan3@
    atstephan3@ Member ✭✭

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