Using BlockWorks Legacy software in the practice environment, prepare a 2023 Form 1065, U.S. Return of Partnership Income, for L and S Cleaning. After you have made the required entries, you will need to return to the test and answer questions about this tax return. Access and use the BlockWorks shell return by entering the following four-digit code: 6091. A unique EIN will be generated by the software. It is recommended that you note this unique EIN in case you need to access the return again.
Case Study 1
Click the link below to access the PDF document with details needed to complete the first return.
Case Study - L and S Cleaning
Save Your Work!
It is recommended that you SAVE the work you have done so far on this test before accessing BlockWorks. If you fail to do so and you are automatically timed out of the test, you will lose your work and have to start over.
After entering the required information, we recommend keeping the shell return open while answering the questions.
Question 61 of 75.
What is the amount of Sitona's ending capital account?
(Note: Due to rounding, amounts presented in the answer choices may not precisely match the amounts generated in every BlockWorks return. Differences of $1 are not uncommon.)
$0
$1,698
$2,498
$3,298