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Business & farm
Thank you for your response. I'm actually working in Turbo Tax Business. I think I indicated in my original question that I was working in Turbo Tax Deluxe. I apologize for that misinformation.
After reading your response and looking through Turbo Tax, I'm still not sure exactly how I should handle this in Turbo Tax. Do I override it on the K-1 and Balance Sheet or am I missing where to enter it on the step by step guide so it will automatically calculate it? Thanks!
March 12, 2021
10:59 AM