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Level 1
September 30, 2021
Question

Does anyone know how to enter nonrecourse debt from a K-1 in a Trust so that losses from K-1 will pass to the beneficiary? Is that possible

  • September 30, 2021
  • 1 reply
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1 reply

sjrcpa
Level 15
September 30, 2021

You're leaving out a few steps/pieces of info.

How does nonrecourse debt allow losses to pass out to beneficiaries?

The more I know the more I don’t know.