trying to input Partner's Share of Liabilities from 1065 K-1 into 1120S.
Can't find input in S Corp program.
Does input exist?
Thank you.
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Pass thrus to pass thrus is not a strong suit of Lacerte.
i don't think it exists.
You'll need to do your own basis/at risk calculations for the S Corp's ownership of the partnership and manually apply any loss limitations.
Thank you!
Susan's right (again... 🙂
I use an excel spread sheet to track this then adjust/force the software as necessary.
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