Skip to main content
Level 1
April 6, 2022
Question

question on partnership return

  • April 6, 2022
  • 2 replies
  • 16 views

Another question.  The two young men who are partners with their dad need to show income because one is building a house and has to have something to take to the bank.  Since there is a loss on the business the K-1 is not adequate.  I have to be able to show their income some place.  Thank you again.  

This topic has been closed for replies.

2 replies

Just-Lisa-Now-
Intuit Community Champion
April 6, 2022
if they have a loss, there is no business income to show....I dont understand your question.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
qbteachmt
Level 15
April 6, 2022

Is this the same partnership as here:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/question-on-partnership-return/00/216954

No need to keep asking as new topics. It helps when the pertinent info is in the same, one, topic. Thanks.

Don't yell at us; we're volunteers