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New Member
posted Mar 14, 2020 7:48:37 AM

In reviewing a K-1 it says that I have not filled in the EIN number, but I have. How to fix.

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1 Best answer
Expert Alumni
Apr 16, 2022 1:53:03 PM

If you are the sole owner, you should not have a K-1 unless you are filing your business as an S-Corp.  If that is the case, the S-Corp cannot be set up with your SSN as it's EIN.

 

If you are filing your business as a Single-Member LLC reporting as a disregarded entity, you can use your SSN for the business, but you will not have a K-1.  You will report your income and expenses on a Schedule C.

 

I would advise filing an extension for your personal return for 2021 and contacting your attorney that set up your business or a local tax professional to ensure you are reporting correctly.

 

To file for an extension in TurboTax see How do I file an IRS extension (Form 4868)

4 Replies
Expert Alumni
Mar 14, 2020 8:10:33 AM

If this is for a K-1 that you have added to your personal return and when you review the information in the K-1 section of TurboTax and the number is there you may need to delete the form and re-enter the information for that K-1.

 

If this is the K-1 being produced on a business return you would need to review the Business Info section to make sure the Federal ID Number shows in that section.

Returning Member
Apr 16, 2022 12:01:15 PM

I am the sole member of an LLC and my attorney set up the LLC with my social security number as the EIN. TTax will not accept my SSN on the K-1 for e-filing. What can I do?

Jim

Expert Alumni
Apr 16, 2022 1:53:03 PM

If you are the sole owner, you should not have a K-1 unless you are filing your business as an S-Corp.  If that is the case, the S-Corp cannot be set up with your SSN as it's EIN.

 

If you are filing your business as a Single-Member LLC reporting as a disregarded entity, you can use your SSN for the business, but you will not have a K-1.  You will report your income and expenses on a Schedule C.

 

I would advise filing an extension for your personal return for 2021 and contacting your attorney that set up your business or a local tax professional to ensure you are reporting correctly.

 

To file for an extension in TurboTax see How do I file an IRS extension (Form 4868)

Returning Member
Apr 16, 2022 2:36:35 PM

Thank you Alicia,

That makes sense and since the LLC did very little business in 2021 (first year of operation) it will be easy to

delete the K-1 and complete Schedule C on TTax.

Jim