dennisj1
Level 3

The partner of the partnership return is a DE SMLLC, that owns 50% of partnership.  100% Beneficial Owner of "DE SMLLC" partner is a Limited Partnership that files a 1065 as a partnership.  

My question is with Form 1065, Page 5, Analysis of Net Income, when I do as you have suggested, The K-1 works.  However, it shifts the Net income of the Beneficial Owner / DE partner to the Nominee / Other Column, and not the Partnership column.  Do you know any way to fix?  Is there an override?

Also the B-1 does not automatically report the either the 50% DE SMLLC Partner or it's 100% Beneficial Owner in Part I, ther's an override for that one, but these two things give me pause.

 

 

The partner of the partnership is a DE SMLLC, that owns 50% of partnership.  100% Beneficial Owner of "DE SMLLC" partner is a Limited Partnersip  

Your suggestion fixed the K-1, but the B-1 did not automatically report either the de OR

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