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- Re: How to report foreign partnership income with no EIN
How to report foreign partnership income with no EIN
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davidwashington
Level 3
05-03-2023
10:58 AM
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Foreign Partnership does not have EIN
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davidwashington
Level 3
05-03-2023
11:17 AM
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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
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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
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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.
