Working on an individual taxpayer return with a partnership K-1. There is a discrepancy in the "Partner's Capital Account Analysis" for "Current Year Increase (Decrease) of $944 vs. income and loss items listed on K-1. After receiving permission from taxpayer, I spoke with CPA who handled partnership return and was told he did not know why there was a discrepancy but assured me that the entries on the K-1 for income and losses were correct. Basically he told me to disregard the "Partnership Capital Account Analysis". I was surprised by his response and was curious if other tax preparers has run across this issue.

Peggy Sioux