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New Member
posted Jun 7, 2019 4:04:58 PM

K1 question-/ What's Wrong . Turbo says " Enter your liability Share : Nonrecourse " . it is 0.000125 percent, but Turbo says this is an "invalid number "....

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1 Best answer
New Member
Jun 7, 2019 4:05:01 PM

The IRS requires that there be whole numbers only. 

I would just enter 1.

7 Replies
New Member
Jun 7, 2019 4:05:01 PM

The IRS requires that there be whole numbers only. 

I would just enter 1.

New Member
Jun 7, 2019 4:05:02 PM

Answer incorrect/invalid as i have already entered  0.00##% for other K-1 holdings

New Member
Jun 7, 2019 4:05:08 PM

Have you tried 0.001%   That is a very large decimal percentage unless the company has a large amount of non recourse debt and/or shareholders.

New Member
Jun 7, 2019 4:05:09 PM

tried but still "invalid number". yet 0.002406% was accepted by TTx for another K-1

New Member
Jun 7, 2019 4:05:11 PM

The smallest number TurboTax will accept for non-recourse debt percentage is .01

New Member
Jun 7, 2019 4:05:13 PM

i apologize  my question was incorrect

New Member
Jun 7, 2019 4:05:15 PM

Not a problem. Did you get it to work for you?