@emailofashishk wrote:
Line J is correct on both the K-1. My K-1 says 100% for loss, his K-1 says 0% for loss. Still Box 1 shows a negative number on both the K-1s.
In order to get the result you desire in TurboTax Business, you need to enter 100% as your profit percentage and 0% for his profit percentage; the default is for the percentage of losses to follow the percentage of profits.
The only other method of achieving your desired result would be to retain the percentages you entered but then override the figures on your K-1s.
