Yes, it is for Form 1065. and I did exactly what you mentioned in TurboTax, but that number was not used in my tax return. It is a little confusing as it seems to be a deduction, but the value is negative. If it is indeed a deduction, I can understand it might not be eligible for deduction. But since it is negative, I am not sure if I am supposed to report it as an income. I will check with the partnership to see if the code is correct.
Thanks a lot!
