wadams37
Level 2

I'm having an issue with a client's new single member LLC tax return in the Professional program. The linking of one K-1 (form 1065) income to his Schedule C does not seem to be an option? Taxpayer created a new EIN # for his consulting business and several clients paid him on 1099-NEC, (no problem here, they all flow to Sch C), but one entity reported his income on a K-1 since he made an investment with this company through his LLC using his new EIN #.

All the income sources were reported in the new Federal EIN # which is listed on his Sch C. My issue is, the program takes the K-1 income to a Sch 1 and then the 1040, but how I change that to report this on the LLC Sch C?

Thank you,

William

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