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Partnership k-1
we received a K-1 that has a nonrecourse loan on Part II letter K of the k-1. How do I get this into turbo tax. This liability is not on the entities books, so the smart sheet liability section errors if I hard code it there.
Also if the capital accounts are negative shouldn't the ownership % be 0? Turbo tax errors out when I put zero for the % because it does not equal 100%
March 5, 2024
12:01 PM