MelindaS1
Expert Alumni

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"