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Business & farm
Thank you for your input. It is an LLC, I should have included that. Strictly a vacation home for our family. To tell you the truth I did not know if that previous post took so I re-did it and explained more. Do you think I can just keep entering the number as I have been? I already filed this years (2020) and was entering my data on my 1040 and was wondering how I should write it up on the K-1 (as a - or a +) I did look but it never clarified. Of course it says deduction and I think it should probably be a - in front of it.
‎February 14, 2021
5:23 PM