1966365
On form 1065 (Turbotax Business - 2020 - Windows Version):
I have a beginning and ending recourse debt in the Partners Liabilities Smart Worksheet (Form 1065 p4-5). The Beginning value does not print on the PDF in either the 1065 or the K-1, whereas the Ending Value does. This is new to the 2020 version of Turbotax, both values printed in prior years. The beginning value is carried forward from 2019, I tried "override" with the same value, but this does not work either. Any suggestions are welcome.
You'll need to sign in or create an account to connect with an expert.
I was able to make this work by going into "Step-by-Step" view, going to the Balance Sheet (under "Federal Taxes"), and entering & deleting some numbers (but not changing anything). It seemed that the act of entering the Balance Sheet triggered something that allowed the Beginning Recourse Debt to print out on the .pdf. The TurboTax help-line was helpful in working through this.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
tonyfisher89
New Member
bmshah1
Level 3
ebyson73
Level 1
mthomati
New Member
JJK2
Level 1