The efile process is not my forte, but it does appear that you will need to paper file your tax return.
When doing so, just double check that you include the Section 751 statement (although I am sure there are thousands of returns that miss this, and not aware of any penalty).
When sending in your tax return(s), make sure you send it certified mail return receipt. Then maintain the return receipt once returned to you.
TT is software for the masses. Partnership transactions are complicated. Could TT generate a Section 751 statement that a taxpayer just needs to enter a few items.....absolutely. However, there are many more areas of the tax law that TT focuses on that impact many more taxpayers.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
