Answered: Why doesn't the partner's share of liabilities and capital balances don't print out on their K-1?

DENP · ‎01-27-2022

sjrcpa · ‎01-27-2022

Does the Balance Sheet and M-1 populate?

Are you below the threshold where these are required?

The more I know, the more I don't know.

sjrcpa · ‎01-27-2022

Does the Balance Sheet and M-1 populate?

Are you below the threshold where these are required?

The more I know, the more I don't know.

DENP · ‎01-27-2022

Yes, I am below the threshold, so that answers my question. Thank you!

sjrcpa · ‎01-27-2022

You're welcome.

The more I know, the more I don't know.

Why doesn't the partner's share of liabilities and capital balances don't print out on their K-1?