You need the partnership agreement to find the ratio of distribution between partners

you need the cost basis of each property, broken down into land, improvements, land never depreciates

you need all previous years annual depreciation per property to find book value to start the books

For a company taxed as a sole […]

Resolution for '2016 partnership issue: 'Does anyone know how set up a company in QB using only a 2016 partnership return for 2016 ending balances and then building on 2017?' available: Yes.

The 2016 partnership issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the 2016 partnership issue yourself by looking for a resolution described in the article. If it is a complex 2016 partnership issue or you are unable to solve the issue, you may contact us by clicking here or by using other 2016 partnership support options.

For more information about resolving issues related to 2016 partnership in Quickbooks/QBO or to get support for the issue 'Does anyone know how set up a company in QB using only a 2016 partnership return for 2016 ending balances and then building on 2017?', click the link below: