Just-Lisa-Now-
Level 15
Level 15
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@dusty10c_cpa wrote:

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?


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