Skip to main content
Level 2
March 19, 2022
Question

RENTAL PROPERTY

  • March 19, 2022
  • 2 replies
  • 7 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?

 

This topic has been closed for replies.

2 replies

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 ?