1065-US: Items automatically allocated using loss sharing percentages (FAQ)

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Question

What items are automatically allocated using the loss sharing percentages?

Answer

By default, UltraTax CS uses the loss sharing percentages to allocate amounts for the following items for Schedule K-1 and other partner forms and worksheets.

  • Qualified nonrecourse liabilities
  • Recourse liabilities

Related topic: Allocating partnership items to partners FAQs (1065)

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