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Level 1
Oct 8, 2021 7:00 PM UTC
Question

k-1

if a client has a k-1 issued to a disregarded entity and it is all rental income, is that a schedule e or schedule c

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2 replies

George4Tacks
Level 15
Oct 8, 2021 7:01 PM UTC

What does the K-1 say it is?

Answers are easy. Questions are hard!
sjrcpa
Level 15
Oct 8, 2021 8:02 PM UTC

K-1 income gets reported on 1040 Schedule E page 2.

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