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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.
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- Re: 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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