SPEEDOMO
Level 1
‎10-20-2023 10:05 PM

To complete a corporate return for a corporate partner in a real estate LLC, do I allocate the ownership percentage of all income/expenses or can I just enter applicable losses like a K-1 since it is a pass-thru entity?

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sjrcpa
Level 15
‎10-23-2023 09:12 AM

For the 1120, you use the numbers on the K-1 provided by the LLC.


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