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Returning Member
posted Mar 11, 2020 2:46:31 PM

How is the Recourse value calcluated for partners liabilities?

I loaned money to my business, have mortgage balance, and have credit card balance listed as liabilities. However, I am getting an error that the program will not allocate recourse debt to LLC members. I did not list any recourse debt but the form states over $100,000 as a value for beginning and ending liabilities. How is the values for recourse calculated since I did not put any values for recourse debt?

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2 Replies
Level 3
Mar 11, 2020 3:14:53 PM

call their help line.....sounds like a program bug

Returning Member
Mar 12, 2020 1:56:46 PM

Will do. thank you