dascpa
Level 12

A multi-member LLC filing a 1065 has two members. One is an individual.  The other is an individual with a disregarded entity. The K-1 Worksheet has changed from prior years. If an individual you mark I and put in their name and SSN. If a disregarded entity you put in DE and put in the entity name and EIN. But on the right of the worksheet it asks for the DE name and DE EIN. It won't accept it twice. So if you change it to put in the individuals name it formats it as an EIN, not their SSN. No matter which way you switch it error messages pop up.

Bottom line since it's March 31st I put it in as an individual and their SSN. Told the client since it's disregarded whether it's in their SSN or EIN it all ends up with the same result on their 1040. Don't have time to play with P.S. on this.

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