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New Member
posted Jan 25, 2020 4:17:33 PM

On an LLC partnership return for 2019. The liabilities show up as recource and they should be non- recource. How do I fix in turbo tax?

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1 Replies
Level 15
Jan 25, 2020 6:10:11 PM

"How do I fix in turbo tax?"

 

It appears as if you may need to adjust your balance sheet (Schedule L).

 

Click the Federal Taxes tab and then the Balance Sheet button. 

 

Did you, by any chance, transfer in a 2018, Form 1065, income tax return (e.g., *.tax2018 file)?