DavidS127
Expert Alumni

Investors & landlords

Yes, for the Form 1065 return you are preparing in TurboTax Business, you will need to enter it as box 20 code AH on the K-1s for each of the partners (their share of that Statement amount), with the same "text" information you were sent for the partnership as a whole. 

 

Then, each of the partners will use their K-1 box 20 code AH amounts  (i.e., their share of the box 20 code AH amounts for the partnership) in their basis calculations, and any at-risk limitations that apply to their individual tax returns.  If the individual partners indicate that some of their investment is not at-risk, TurboTax will present the questions needed to calculate any at risk-limitations on their individual tax return. 

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