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Business & farm
You are asking this from TT Premier so not sure if you are using TT Business to complete a form 1065 or if you are asking this because that section of your K-1 is blank.
In preparing the form 1065 Schedule B has a number of questions. In particular, question 6 asks about the size of the partnership receipts and assets. If this question is answered "no", then Section L of the K-1 will not be completed.
Many who prepare form 1065 answer this "yes" regardless as this information may be informational to the recipient of the K-1.
*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 6, 2019
7:31 AM