Can I complete the 568 without K-1s?
A client has a SMLLC (as disregarded entity) with income reported on Form 568 going directly to Sch E.
I am only required to complete Form 568, Side 1, Side 2, Side 3 and Side 7 (IW), but I can't figure out how to get around K-1s.
I also want to create the Form 8453-LLC efile authorization for the person to sign.
I'm stumped. Is there a work-around?
Best Answer Click here
There are no K-1s with a SMLLC 568, are you trying to use the 1065/565 program to generate the 568?
You should be using the CALLC program thats linked to the 1040, it should be a choice in your list of States when you switch from the Federal 1040 over to a state program.
There are no K-1s with a SMLLC 568, are you trying to use the 1065/565 program to generate the 568?
You should be using the CALLC program thats linked to the 1040, it should be a choice in your list of States when you switch from the Federal 1040 over to a state program.
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