robertmazza
Level 3
01-17-2021
07:29 AM
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I used letter A on the K-1 worksheet and used letter A on Schedule L where the liabilities are separately analyzed as recourse or non-recourse. I originally entered letter P (as the program instructions indicated) and that allocated the loan to both members based on their profit percentage. Entering letter A instead of P solved my issue. Thank you for solving my problem. Very much appreciated.