I would appreciate it if you could help me. I have a partnership LLC for a rental property. Last year, we filed our taxes using Form 1065, 8825, and K-1 for the partners. In 2024, we signed a lease contract, and based on our agreement, a portion of the monthly lease payments—approximately $1,600 per month—should be credited to the tenant at the end of the contract toward their purchase price.
I am trying to determine where and how to add this liability (deferred credit) in my desktop TurboTax. Any help would be appreciated.
