Has anyone run into a QBI only component entity having to be entered on a separate K-1 worksheet, therefore now being shown on Sch E pg 2 as if the Taxpayer owns this K1.
In reality another flow thru entity reported by the taxpayer actually owns the LLC, so I do not believe it should be shown on Sch E Pg 2 at all.
I havent had anyone with a K-1 come in yet, but Im not sure I actually understand the question anyhow.
You have a K-1 of some flavor, but a different entity actually owns the LLC? If the taxpayer doesnt town it, who does? What SSN is on the K-1?