Sam55
Level 3
09-12-2024
09:21 PM
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Qualified nonrecourse debt shown on a K-1 gives the partner at-risk basis, even though the partner is not personally liable for this debt. Because this debt gives the partner basis, is this debt considered recourse, and therefore reported on line 20 of Sch L on the 1065? ...or does this debt go as nonrecourse on line 18, regardless?