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

Show expandable text


What items are automatically allocated using the loss sharing percentages?


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

Was this article helpful?

Thank you for the feedback!