allrryan
Level 1
03-02-2023
03:24 PM
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Hello,
I'm preparing a 1065 for a 2 partner general partnership. This is their second year in business and last year was a loss. All funding since initial capital is in the form of loans. So, their beginning capital basis is negative. Where would I input a negative beginning basis since the form won't let me enter anything lower than 0.
Thanks,
Best Answer Click here
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