Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- Re: How to report foreign partnership income with no EIN
How to report foreign partnership income with no EIN
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
davidwashington
Level 3
05-03-2023
10:58 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Foreign Partnership does not have EIN
Labels
4 Comments 4
davidwashington
Level 3
05-03-2023
11:17 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Unfortunately that does not work either. CS says IRS does not support e-filing as an option in this case. Hmm.
If you break down the components of a K1 into separately stated items, each of them can generally be reported on a tax return without an EIN. Not necessarily on the correct line of the return, but from an income classification, yes. What I miss reporting independently is the partnership basis updating. ProConnect it seems does not have any "miscellaneous" statement like ProSeries, so even if I wanted to include that information (not needed, all income), I cannot.
So a judgement call - efile using the alternate method above, or paper filing?
sjrcpa
Level 15
05-03-2023
11:31 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Does it have Nores, that can be designated as a Statement? I'm thinking like the Lacertian that I am. ProConnect is based on Lacerte.
The more I know, the more I don't know.
davidwashington
Level 3
05-03-2023
11:37 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Well, this is not conclusive, but it may not be an IRS limitation.
I made the mistake of buying CCH ProFX, and testing this issue of omitting an EIN for a K1 worksheet does not appear to be a limitation in ProFX. I think Intuit may be wrong. See this article by IRS that is two years old now: National Taxpayer Advocate Annual Report to Congress 2021 (irs.gov)
If it is an Intuit limitation, I wish they would just admit it.
