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I received and easement payment and reported it as a debit to cash and a credit to the land value. Why is it showing as a reduction of partnership capital in turbo tax?
Oops, an easement, not and. I was told in another section, when I asked how to report a 1099S, that I show a reduction of the land value by the amount of the easement payment.
‎February 8, 2025
8:11 PM