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Deductions & credits
This should be printed in the statement notes on the partners' K-1s. In TurboTax Business, you can find this in the Forms view > Sch K-1 Wks > Schedule K-1 (Partner Name) > Supplemental Information Smart Worksheet "Information specific to this partner should be entered here."
There, you can distribute each partners' property description and values to them pro rata.
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March 1, 2026
12:16 PM