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Business & farm
A couple of comments:
- I believe the partner liabilities information is input in the partner information section of the program.
- Take a look at how you answered the question on Schedule B question 4 for the 1065. When you review this, you most likely answered this "yes". If that is the case, Schedule K-1 section L is not required to be completed. As a result the software defaults to leaving this blank. If you want this area completed, then you would need to change your answer in Schedule B question 4.
*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.
‎January 25, 2020
2:40 PM