I have a partnership that owns shares in another partnership (e.g., Partnership A owns 50% of partnership B). Partnership B has some nonrecourse debt, and a portion of that is allocable to each partner (here Partnership A). On Sch. L of the Partnership A 1065, do you have to report the capital accounts or nonrecourse debt of partnership B that are allocable to Partnership A (e.g., Partnership A's capital account in Partnership B is let's say $10,000, and has nonrecourse debt allocable to that 50% interest of $5,000)-- is this reported on Sch L or not at all?
