sjrcpa
Level 15

"They file their 1040 in Texas"

Meaning they live in Texas? A community property state?

Did they acquire this OK LLC/rental property before they resided in Texas or after they already did?

I don't know if it matters. I don't know much about community property. Throwing the questions out for those who do know.

If a 1065 is required, yes there will be K-1s.


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