Business & farm

@ideal_trucks It does make sense, but you simply do not understand how to enter it.

 

To start, you indicate the partnership makes special allocations (as I believe you did). Subsequently, you need to enter Forms Mode and enter an "A" code on page 4 on Schedule K of Form 1065. Thereafter, you need to open the Schedule K-1 Worksheet and enter your allocation as 100% (by ratio) and the amount of income (which would also be 100% according to your original post). 

 

This is neither a typical Form 1065 scenario nor is it a simple return to prepare. If you cannot follow the demo, or the instructions above, contact Support (link below) and perhaps they can walk you through the procedure step by step.

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

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