marvinsartin
Level 1
12-07-2019
09:30 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Best Answer Click here
Labels
Accountant-Man
Level 13
12-07-2019
09:30 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
What is an S corp. partner?
** I'm still a champion... of the world! Even without The Lounge.
sjrcpa
Level 15
12-07-2019
09:30 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I think OP is saying the S Corp is a partner in a partnership and the S Corp receives a K-1 from the partnership.
Ex-AllStar
Ex-AllStar
Accountant-Man
Level 13
12-07-2019
09:30 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I kinda sorta thought that, too, but since most users of this forum are professionals I wasn't sure. I took my "not helpful" vote with pride.
** I'm still a champion... of the world! Even without The Lounge.
George4Tacks
Level 15
12-07-2019
09:30 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Here's wishing you many Happy Returns
Accountant-Man
Level 13
12-07-2019
09:30 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
S corp SHAREHOLDERS GET K1s from 1120S, not 1065s.
** I'm still a champion... of the world! Even without The Lounge.