Partnerships

[Rons]

I am working with a partnership return Form 1065 and I need an answer to the following item of which I can't seem to find the answer to the problem.
I have looked at various resources and I don't see the answer I need.
I have a problem with Schedule L and will give reference to M-1 and M-2. This is a used car lot and I have prepared this return possibly 10 years as a Schedule C reworked into a partnership.
I am not sure how to match line 14(d) with line 22(d)
Line 14 (d) shows 603,245
Line 22 (d) 684,716
Line 15-21 (d) I have no entries because taxpayer paid all transactions and they have no liabilities and have NO long term debt
On line 21 (d) I have 684,716
On line 22 (d) 684,716
in block M-2 Line 1 $609,364 and
Line3 $75352
Line 9 684,716
It all comes down to I don't know how to balance line 14 and 22

[kathyc2]

The partners did not take any distributions during the year?

[Roland Slugg]

First of all, there should be SOME amount on line 21 ... partners' capital. Also, even though you said there are no liabilities, that may not be true. Even cash basis taxpayers usually have some liabilities ... withheld but unremitted sales tax and payroll taxes being two common ones.

Did the beginning balance sheet balance ... i.e. column (b)? If you can't figure this out, it might be wise to ask for help from another accountant you know who has more experience preparing partnership returns.