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andreahmcbride66
New Member

My debt is classified as Qualified nonrecourse financing but should be recourse. How do i correct his is TT business?

Debt is classified incorrectly as qualified nonrecourse financing and should be recourse debt.  How do i correct this on the K-1's?

1 Reply
Critter
Level 15

My debt is classified as Qualified nonrecourse financing but should be recourse. How do i correct his is TT business?

Fastest way to diagnose & fix this is to switch to the FORMS mode, click on that K-1 and make the change there.
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