1065-US: Specially allocating Schedule K-1, item K liabilities to partners (FAQ)

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Question

Where do I specially allocate the Schedule K-1, Item K liabilities (Partner's share of Nonrecourse, Qualified nonrecourse financing, and Recourse) at year end?

Answer

Use the Ptr Alloc buttons in the Partner Share of Liabilities section of Screen SepK in the associated activity to allocate the amount of each type of liability to the partners.

Related topic: Partner liabilities FAQs (1065)

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