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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- question on partnership return
question on partnership return
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Ardithm01
Level 1
04-06-2022
03:29 PM
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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.
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Just-Lisa-Now-
Level 15
04-06-2022
03:55 PM
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if they have a loss, there is no business income to show....I dont understand your question.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
qbteachmt
Level 15
04-06-2022
03:57 PM
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Is this the same partnership as here:
No need to keep asking as new topics. It helps when the pertinent info is in the same, one, topic. Thanks.
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