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Business & farm
Depending on what type of partner you indicated, the software is allocating them based on that. These liabilities have some fiduciary responsibility attached to them, so if you indicated "GP" then that is probably why.
Unless you are using debt for at-risk limitations to deduct losses, I would not worry too much about this.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎June 5, 2019
6:01 PM