DaveF1006
Expert Alumni

Business & farm

The portion for which one or more partners bear an economic risk of loss is treated as a recourse liability for basis purposes and allocated exclusively to the partner or partners who bear that risk of loss. The remainder is treated as a nonrecourse liability.

 

Look in Part 2 Box K of the form where it references profit,loss,capital. Look and see what is entered for recourse and non-recourse and see if this is what Turbo Tax is referencing from. 

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