https://ttlc.intuit.com/community/business-taxes/discussion/should-my-business-return-show-our-loan-as-a-qualified-non-recourse-financing-instead-of-recourse/01/658664#M26165 Thu, 06 Jun 2019 09:22:13 GMT donnalkilroy 2019-06-06T09:22:13Z https://ttlc.intuit.com/community/business-taxes/discussion/should-my-business-return-show-our-loan-as-a-qualified-non-recourse-financing-instead-of-recourse/01/658664#M26165 Thu, 06 Jun 2019 09:22:13 GMT https://ttlc.intuit.com/community/business-taxes/discussion/should-my-business-return-show-our-loan-as-a-qualified-non-recourse-financing-instead-of-recourse/01/658664#M26165 donnalkilroy 2019-06-06T09:22:13Z https://ttlc.intuit.com/community/business-taxes/discussion/if-you-hold-the-borrower-personally-liable-it-is-a-recou/01/658670#M26166 <P> <SPAN>If you hold the borrower personally liable, it is a recourse debt, <I>click</I> <A href="https://apps.irs.gov/app/vita/content/36/36_02_020.jsp" rel="nofollow" target="_blank">here</A> for IRS Recourse vs. Non-recourse.</SPAN> </P><P> </P><P>There are two types of debts: recourse and nonrecourse. A recourse debt holds the borrower personally liable. All other debt is considered nonrecourse.</P> Thu, 06 Jun 2019 09:22:14 GMT https://ttlc.intuit.com/community/business-taxes/discussion/if-you-hold-the-borrower-personally-liable-it-is-a-recou/01/658670#M26166 RichardK 2019-06-06T09:22:14Z https://ttlc.intuit.com/community/business-taxes/discussion/re-if-you-hold-the-borrower-personally-liable-it-is-a-recou/01/1641914#M53525 <P>How do I enter a recourse amount in Turbo Tax for an LLC?</P> Sun, 21 Jun 2020 23:51:20 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-if-you-hold-the-borrower-personally-liable-it-is-a-recou/01/1641914#M53525 Cova1 2020-06-21T23:51:20Z