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Business & farm
Open Form 1065 p5-6 and scroll down to the Partners' Liability Worksheet under Line 22. Here you can review, edit, or specially allocate the liabilities that appear on Line 22. Direct input is supported only for boxes shaded in yellow. If a number or box turns red, you will have an error on that form.
Other Liabilities on Line 20 are allocated to general partners based on year-end loss ratios.
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‎January 31, 2024
9:42 AM