Skip to main content
Level 1
Jan 22, 2026 3:36 PM UTC
Question

1065 Question 2b on Schedule B

If I have only 2 partners owning 50% each

Is my answer to question 2b on Schedule B Yes or No? 

 

1 reply

Intuit_Kallana
Level 7
Jan 22, 2026 3:53 PM UTC

Since that question specifically states "an interest of 50% or more", your answer would appear to be "Yes" and Schedule B-1 would be needed.  However, we would advise to refer to the IRS form instructions for definitive instructions on your client's situation.