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Partnership, 9K cap account, 20k 754 election asset, netted to negative 11k cap account... how do i report on k-1? any ideas?

toni
Level 1
 
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abctax55
Level 15

1) Don't try to ask your entire question in the header area.  Finish your question in the body part.

2) Don't ask twice...

I'll close this one so all answers will be in one place.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

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1 Comment 1
abctax55
Level 15

1) Don't try to ask your entire question in the header area.  Finish your question in the body part.

2) Don't ask twice...

I'll close this one so all answers will be in one place.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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