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FORM 1120 COMPLETION FOR CORPORATE REAL ESTATE PARTNER

SPEEDOMO
Level 1

To complete a corporate return for a corporate partner in a real estate LLC, do I allocate the ownership percentage of all income/expenses or can I just enter applicable losses like a K-1 since it is a pass-thru entity?

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1 Comment 1
sjrcpa
Level 15

For the 1120, you use the numbers on the K-1 provided by the LLC.

The more I know, the more I don't know.