itonewbie
Level 15
02-11-2024
12:46 PM
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Unless the partner is a DRE, nothing should be populated on Line 5. Here's an excerpt from filing instructions (emphasis added):
Line 4a and b. If the partner is a disregarded entity (DE), enter the partner’s name and FEIN, and indicate what kind of partner the entity is (see instructions for federal Schedule K-1 at apps.irs.gov/app/picklist/list/formsPublications.html).
Line 5. List the type of entity of the partner for whom you are issuing the Schedule IN K-1.
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