Thanks Rick, I don't think I really understood the term 'Recourse' at first. After reading more and your response, I get it, that it is the person that is at Ri...
OK, I might be getting somewhere. I created a SA - Special Allocation on the K-1 Worksheet and then entered that on the Partner's Liabilities Smart Worksheet. M...
Thanks for your feedback, however I am a little confused, how do I allocate 100% to me? On the 1065 Schedule L, Partner's Liabilities Smart Worksheet, I have th...
