swillfam
Returning Member

Business & farm

Thank you for your reply, but I have to respectfully disagree.  I looked at the line to enter the 8996 information and it clearly is asking for a dollar amount.  Line 12 on form 8996 is a ratio.  The information that Turbotax Business requests is used on Form 1065 Schedule B line 26. I went back to the IRS instructions for that Form and the information being requested, according to the IRS, is from line 15 on form 8996 not line 16.  Please see the instructions for Form 1065, Schedule B, Question 26:  https://www.irs.gov/pub/irs-pdf/i1065.pdf