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Level 2
March 19, 2022
Question

RENTAL PROPERTY

  • March 19, 2022
  • 1 reply
  • 5 views

LLC BASED PARTNERSHIP OF 4 PARTNERS RECEIVED K-1 FROM OUTSIDE LLC FIRM - HOW TO APPLY  TAX TREATMENT FOR THIS OUTSIDE K-1 ON PARTNERSHIP FIRM AND INDIVIDUAL PARTNERS ON THEIR 1040 TAX FILINGS?

 

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1 reply

Just-Lisa-Now-
Intuit Community Champion
March 20, 2022
You can enter a K-1 they received into the 1065 program.

Open the 1065, CTRL + F and type K it will pop you right to the worksheet to fill out.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
ramraorAuthor
Level 2
March 21, 2022

HOW THE EACH LLC PARTNERS SHARE WILL BE REFLECTED ?