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Question

for form K1 line 11D do I need to put a negative sign or does turbo tax know to recognize this as a loss?

Forum|Forum|1 year ago
March 29, 2025
1 reply
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If you are entering a Form 1120S Schedule K-1 Box 11 Code D, a Section 179 deduction is expected to be negative (deduction).

Form 1065 Schedule K-1 Box 11 Code D is for Mining Exploration Costs Recapture, which would normally be a positive number (reversing an expense).

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