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Business & farm
Ok.
Unfortunately I don't run Windows so I don't have the TT Business software; since TT Business only runs on Windows.
In many instances, you need to make adjustments in the partner information area.
Have you tried looking there to adjust for this issue?
Keep in mind that qualified nonrecourse debt provides the same basis and at-risk benefit; even though technically if guaranteed it should be recourse. But at the end of the day QNR and recourse get you to the same place.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
March 13, 2021
5:43 PM