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- How to record received K1 from other LLC on our LLC tax return
How to record received K1 from other LLC on our LLC tax return
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k4acountants
Level 1
05-21-2022
04:03 PM
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Our LLC received K1 from other LLC which we have an ownership.
The received K1(Line 2) is real estate net rental loss is issued by other LLC which our LLC has a % of ownership.
Where should we record this K1 schedule on our LLC tax return?
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TaxGuyBill
Level 15
05-21-2022
04:23 PM
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I assume you are preparing a 1065?
Hit "Control-F" and type "KP" and open the "K-1 Partner" sheet to enter the K-1.
