New LLC in late 2018, partner A contributes 5,000, partner B zero. LLC has 800 loss. I give A a k-1 with 400 loss on line 1, what does B get on her K-1? Program is also giving her 400 loss on K-1 but she has no basis and there are no LLC liabilities. I worked the basis worksheet in the program but it still shows a loss on line 1 of K1 for partner B. I really want to suppress it and carry forward to 2019. thanks for any comments.
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How to prepare K-1 for partner with loss in excess of basis
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