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
We apologize for the inconvenience: Our community is currently in read-only mode while we perform essential maintenance.
Some features may be temporarily unavailable. We’re working hard to restore full access as quickly as possible.
We apologize for the inconvenience: Our community is currently in read-only mode while we perform essential maintenance.
Some features may be temporarily unavailable. We’re working hard to restore full access as quickly as possible.
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?
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.
