Business & farm

You need to change the line on the balance sheet the debt is entered on.

To do this in TurboTax Business you can follow these steps:

1. Within your tax return, under the Federal Taxes tab and Balance Sheet  enter your asset total and click Continue
2. If your assets/income are below the threshold to force the balance sheet, you will need to click No, I want to complete my balance sheet... on the next screen
3. Continue to the Your Reconciliations and Balance Sheet screen and click Edit for the Balance Sheet 
4. Click Quick Entry
5. Click Done on the Enter Your Assets screen and verify your asset balance
6. On the Enter Your Liabilities and Capital screen you need to change the debt listed to Nonrecourse loans
7. Click Done and verify your liabilities and capital total

@zoe5327