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K-1 for New Construction - Excess Accumulated Production Expenditures
I invested in a partnership that was in the middle of ground up construction of an apartment complex at YE20. On the K-1 there is shown the partner's share of "excess accumulated production expenditures." Do these need to get translated to the 2020 tax return somehow ? If so, how would they be reported in the Turbo Tax input forms ?
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May 15, 2021
1:58 PM