Select the Tax Basis check box if the method of accounting used to compute the partner's capital account is based on the partnership's income and deductions for federal tax purposes.
Select the GAAP check box if it is based on Generally Accepted Accounting Principles (GAAP).
Select the Section 704(b) book check box if it is based on the capital accounting rules under regulations section 1.704(b) (2)(iv).
Select the Other check box if any other method is used to compute the partner's capital account and attach a statement describing the method and showing how the partner's capital account was computed.
This information applies to all applicable years of the UltimateTax software.