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Section 743 (b) negative adjustments.

jknight949
Level 2

Where do you input Section 743(b) negative adjustments from an LLC 1065 K-1.

Where do you enter AH other information Section 754 Depreciation not included in income.  I've not seen these entries before

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2 Comments 2
sjrcpa
Level 15

Separately stated income and deductions. Passive or nonpassive as appropriate. Enter as a negative number if its supposed to be a deduction.


Ex-AllStar
jknight949
Level 2

Thank you for your reply but where to enter.  It is a non passive deduction against the income.

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