- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
M-1 and M-2 amounts are different
The amount that TurboTax calculated for M-1 is the amount that agrees with my books, The amount calculated for M-2 is 10,000 more, which is the amount of a loan from the partnership to the partners. This just decreased the loan balance and I don't see how that affects anything else. I have made 2 calls to Turbotax but each person I spoke to was unable to help me. I'm thinking it must be a turbotax error. Can someone please help me?
Topics:
‎February 22, 2024
4:48 PM