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R
reliable11
Level 2
July 27, 2020
Question

My S corp receive some distribution from a partnership. How to report it?

  • July 27, 2020
  • 4 replies
  • 21 views

My S corp receive some distribution from a partnership. How to report it?

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4 replies

sjrcpa
sjrcpa
Level 15
July 27, 2020

The distribution reduces the Investment in Partnership asset on the Balance Sheet.

The more I know the more I don’t know.
    R
    reliable11Author
    Level 2
    July 27, 2020

    S corp received k1 income an LLC. Should I put them on schedule D of form 1120s or  Should I put them on line 5 (other income 1120s) or schedule K line 10 (other income)?

    T
    TaxGuyBill
    July 27, 2020

    What software are you using?

    Your posts are saying different things.  Which boxes on the K-1 have numbers in them?

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