topic Re: Recourse Debt LLC in Get your taxes done using TurboTax

Recourse Debt LLC

GW196 — Tue, 10 Mar 2026 06:12:02 GMT

I put cash advances that I expect to be paid back from the LLC into Other Liabilities in 2020. TurboTax coded it as Recourse. This year I put in the new amounts and again it puts the amount in Recourse next to prior year. This time I get an error message: "The program will not allocate recourse debt to LLC members. Either reclassify the debt as nonrecourse or enter special allocation code to indicate how the amount should be allocated."

1) How do I tell if I put a code in the prior year?

2) How do I move to non recourse debt? If I move, do I leave prior year as is?

Thank you

Re: Recourse Debt LLC

Anonymous_ — Sat, 10 Sep 2022 23:10:07 GMT

Are you entering this on your balance sheet or K-1?

Re: Recourse Debt LLC

GW196 — Sat, 10 Sep 2022 23:18:40 GMT

I entered on my balance sheet

Re: Recourse Debt LLC

Anonymous_ — Sat, 10 Sep 2022 23:23:34 GMT

You might have to contact Support on Monday. I cannot seem to reproduce what you are seeing in TurboTax Business.

What is the TurboTax phone number? (intuit.com)

Re: Recourse Debt LLC

GW196 — Sat, 10 Sep 2022 23:45:39 GMT

I found the amounts listed on the supporting schedules Line 20 stmt. I moved it to non recourse for 2021. I left it as recourse for 2020.