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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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‎July 7, 2020
12:37 PM