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Level 1
April 16, 2021
Question

pa form 65 p-ship

  • April 16, 2021
  • 1 reply
  • 5 views

the pa k1's don't agree to the pa 65.  I have a rental property and it is putting income on the K1 on line 1 PA Taxable income and line 5 Net income from Rentals

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1 reply

Ernie
Level 7
April 16, 2021

Not sure I understand.  If you have rentals, and that is all you have, then line 1 of the PA RK1 will be 0.  If you reported income on the 1065 and not on the 8825 then income will show on line 1 of PA RK1.  Net income for rentals (Federal form 8825) will show on line 5 of the PA RK1.

Dusty Ernie