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Brokerage account balance throwing off balance sheet
2 member partnership, own land with rent income, and have investment account through brokerage. 2019 is the 2nd filing for this LLC. I've entered in rental income (and expenses), info from consolidated 1099, and land value (same as prior year). Total assets are correct, but TurboTax is showing a lower number in the total liabilities and capital, even though I have not entered anything in that section of the Schedule L. Should the increased value in the markets account be entered somewhere?
I'm at a loss and have gone through and checked the math for the calculated book income, and it is good. Any help is appreciated! Thank you.
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‎February 9, 2020
6:03 PM