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Business & farm
Rick,
I took your advise and prepared a spreadsheet to allocate ordinary business income and capital gains/losses. I input these amounts/percentages as special allocations and they flowing correctly to each of the K-1's. I would like to show VAR for each members profit and loss percentage as you recommended. How do I do this? Everywhere I have tried it wants a number. I have entered the correct capital %.
Thanks again for all of your help!
March 2, 2022
8:30 AM