I do it as a memo on the Schedule K, throw in the total recourse, nonrecourse and qualified nonrecourse debt and then the program will apportion it on the memo section of each K-1. That tells the preparer of the K-1 recipient how to affect debt basis.

Might work but I share an office with others and both CCH and Lacerte have a place to enter it and it flows correctly to the K-1  Line k1.

Sometimes you get what you pay for. Those 2 programs cost more and have more capabilities.

No snark intended (this time 😀).

^^^^^ 

Totally agree with this.  If I didn't plan on semi retiring in 2 more seasons I would have to upgrade to a new software.  Returns are getting more and more complicated and while Pro was great for my practice, they haven't kept up with what is needed now.  When I slow down I will probably do mostly individuals and Pro is ok for this.