☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 10:59:43 PM

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?

0 1 1114
1 Replies
Level 15
Jun 4, 2019 10:59:44 PM

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