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Business & farm
Inside/outside basis for the 743(b) election is accounted for by the partnership and reflected in the amounts and codes on your schedule K-1. All you need to do is enter your schedule K-1, exactly as reported to you and the software will ask any necessary questions.
Let us know how it goes and if you have any questions specific questions while entering the form.
‎June 6, 2019
8:21 AM