Skip to main content
Level 3
May 26, 2021
Question

How do I enter a mortgage personally guaranteed by members of LLC?

  • May 26, 2021
  • 1 reply
  • 12 views
Is it considered an "other liability" so it will not be qualified non-recourse?
This topic has been closed for replies.

1 reply

qbteachmt
Level 15
May 26, 2021

How do you enter it Where? 1065? 1040?

Don't yell at us; we're volunteers
sharolAuthor
Level 3
May 26, 2021

ON 1065.  I think I fixed it in the Partner's Liabilities Smart Worksheet by putting on the Line D Recourse. Thanks