dbtaxsolutions
Level 5
03-04-2020
03:49 PM
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So a couple owns an LLC and needs to file Form 1065. But this same LLC is a member of another company form which the LLC received a K-1 report, how is this k-1 entered in form 1065?
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Level 10
03-04-2020
04:16 PM
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if you are a partnership that has an interest in another partnership..(i.e. gets a Form 1065 Schedule K-1) from that partnership then do this.
In the Forms Bar>>Common Forms>>K-1 Partner. You will enter the partnership info from the K-1 (name, FEIN,etc) .. and the applicable amounts on the appropriate lines.
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dbtaxsolutions
Level 5
03-04-2020
07:49 PM
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dd4vols: Thank you so much. I did try it and it is there and it works. Thanks