George4Tacks
Level 15
02-28-2022
09:15 AM
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TIC often do not issue a K-1. Simply input the TP amounts in Schedule C, E or F from the work papers given. You also need to set up depreciation for their undivided ownership percentage.
e.g. "4.8% of 123 Elm Street, Somewhere, TX"
Answers are easy. Questions are hard!