CFCCPA2
Level 2
07-16-2024
04:09 PM
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I have a MFJ client with a rental property LLC (they are both 50/50 owners) in a non-community property state (OK). They file their 1040 in Texas. I understand that because their rental property LLC is in OK, that they will have to file a partnership return. Does this mean that they will have to issue themselves a Schedule K-1 through the LLC?
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