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Business & farm
The only linkage TT maintains from year-to-year, for K-1s, are the screens that ask you for carryovers from prior years. You can edit those in any way you want, so from a TT perspective splitting the K-1s is simply splitting the prior year values on those screens. Note that TT isn't going to check any of the assumptions you make: it'll accept whatever you input.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
March 30, 2024
11:25 AM