Dear TT CPA expert,
Thanks for the response and I have a follow up question.
What do they mean by IRS and CA cracking down as I mentioned in my question when they made the rule?
And what is the method to calculate each partner's balance then without the balance sheet since it's easier for CPAs do it using software?
And also does that mean it would be harder for Turbo Tax software to calculate since no balance sheet being done?
Thanks,
Greg
