sjrcpa
Level 15
02-22-2021
03:58 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It's on the list of S Corp codes, so it is a valid K-1 item.
What if client has a Schedule C business, too (or 2 or 3)?
What if shareholder also owns a C Corp, etc?
There are situations where this info could be needed.
What is the harm in having it on the K-1?
Ex-AllStar