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I have a 1065. K1 owners are dad and two daughters. Dad passed in 2025. The two daughters have received his ownership interest.I have entered the dads date of d...
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I’m got ya. Let the loss come through onto the 1040 on the k1 and then prepare a new k1 in the 1040 with income of the same amount.
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They have a LOC, and I don’t believe they are personally liable.
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Yes - but I think it has been incorrect from years ago before I prepared.
