Thank you for your quick response and for your advice. I appreciate it.
I did what you suggested but after entering the adjusted basis, Turbotax deducts the whole amount again.
Perhaps I am not entering the correct adjusted basis?
I entered the beginning capital account from Schedule K-1 as the adjusted basis on January 1, 2020 and I entered the amount of loss for the year as the decrease in basis amount.
Could you please advise?
Thank you.
