https://ttlc.intuit.com/community/taxes/discussion/profit-loss-1065/01/2840096#M1035240 <P>We have an LLC setup as 90/10 ownership with 50/50 profit loss. (TurboTax Business 2022)</P><P>&nbsp;</P><P>Turbotax returns an error saying that the total profit/loss is 140%. I indicated that the percentage of ownership differs from percentage of profit/loss, yet Turbotax still insists it's 140%. Any insight?</P> Sat, 28 Jan 2023 15:27:14 GMT richpatrie 2023-01-28T15:27:14Z https://ttlc.intuit.com/community/taxes/discussion/profit-loss-1065/01/2840096#M1035240 <P>We have an LLC setup as 90/10 ownership with 50/50 profit loss. (TurboTax Business 2022)</P><P>&nbsp;</P><P>Turbotax returns an error saying that the total profit/loss is 140%. I indicated that the percentage of ownership differs from percentage of profit/loss, yet Turbotax still insists it's 140%. Any insight?</P> Sat, 28 Jan 2023 15:27:14 GMT https://ttlc.intuit.com/community/taxes/discussion/profit-loss-1065/01/2840096#M1035240 richpatrie 2023-01-28T15:27:14Z https://ttlc.intuit.com/community/taxes/discussion/re-profit-loss-1065/01/2840158#M1035266 <P>You most likely need to indicate that the LLC makes special allocations.</P> <P>&nbsp;</P> <P><U><EM>Business Info tab &gt;&gt; About Your Business &gt;&gt; Makes special allocations</EM></U></P> Sat, 28 Jan 2023 15:56:56 GMT https://ttlc.intuit.com/community/taxes/discussion/re-profit-loss-1065/01/2840158#M1035266 Anonymous_ 2023-01-28T15:56:56Z