How do I enter specific cost basis for sale of land for each of several LLC partners in Business TT?

[na-ken]

How do I enter specific cost basis for land sale for each of several LLC partners in 2019 Business TT (Federal)?  Owned land for multiple years.  Sold the land.  Each of the multiple LLC owners have different cost basis in the land.  The correct answer is not the % ownership, % profit, or % loss, even though that is what Business TurboTax forces.  That is because of step-up basis (section 754) years ago for several of the LLC owners.  How do I enter specific cost basis for each LLC owner, and get the correct information to also flow to Alabama Business K-1s?  Thanks,  Ken

[Anonymous_]

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@na-ken wrote:

How do I enter specific cost basis for each LLC owner, and get the correct information to also flow to Alabama Business K-1s? 

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You might want to speak with a rep from Support for an issue with your Alabama K-1s.

See https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

[na-ken]

Thanks, but have been unable to get a response from a TurboTax specialist.

[na-ken · Accepted solution]

I manually overrode all entries in 32 K-1s (16 Federal & 16 Alabama) and entered the correct amounts.  That action apparently completely zeroed out the previously completed (by the Premier software) Alabama non-resident composite tax form.  I had to manually enter all that data (7 times 9 members); i.e., name, address, SS#, type owner (individual, trust), taxable amount, and tax for the 9 non-Alabama residents.  Shortly thereafter, a TT representative called and confirmed that was what I needed to do for the K-1s.  He was surprised that the non-resident composite tax form became unhinged and said they would look into it. Thanks for the 2 replies.  11-July-2020.