How do I get TT Business to allow me to allocate a Recourse Loan to only one LLC Member - that member is the General Managing Member
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You will have to enter that in Forms Mode on the Schedule K-1 Worksheet.
Thank you
On the line...... "Beginning Recourse Liabilities"?
is the next line a %?
I believe that line should be a figure.
Now it won't let me e-file unless I enter a "special allocation code". for this recourse loan for the General Manager partner. Where do I find this special allocation code?
Try the link below. It is for ProSeries but TurboTax is built on the same (or a similar) platform.
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