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Business & farm
The excess deductions will appear on Schedule K-1 on Line 11 with an "A" code (for "excess deductions").
In TurboTax Business, you actually need to indicate that you made a "distribution" of the negative amount. You also need to ensure that you indicated the return is the final return.
In TurboTax Business, you actually need to indicate that you made a "distribution" of the negative amount. You also need to ensure that you indicated the return is the final return.
May 31, 2019
6:27 PM
12,311 Views