mark231
New Member

Received 1099C for Cancellation of Debt

I have a farm that operates as an LLC partnership. I use TurboTax Business for the form 1065. I indicated that I received Cancellation of Debt not related to PPP then continued through the walk through. I was never asked about the cancellation so it doesn't appear anywhere on the Schedule K-1.  It should populate line 11 with a code E for each partner's portion of the cancellation. I have tried to enter the amount in Other Income sections but it doesn't appear on Line 11.

How do I get this into the form?