Do i need to transfer partnership assets from a K1 into my s corp balance sheet?

[huebnerg]

I have a s corp holding company for multiple businesses and real estate holdings. Do I need to transfer the assets from those individual businesses and real estate into my S corp balance sheet for my tax return / K1? 

If so, do I just transfer my ownership amount or the full asset & liability values or just my percentage of ownership? 

[JohnB5677]

Who is the owner of the business and real estate holdings.  If it is in your name it will be posted to your individual tax return.  If the S Corp owns them they will be posted to the S corp and then the K-1 from the S Corp would be posted to your personal tax return.

[huebnerg]

Sorry - should have been more specific. The K1s are from entities owned by the S-corp and the K1s flow into the S-corp 1120S. When I complete my balance sheet for my s-corp, do those entity's assets owned by the S-corp get incorporated into the S-Corps balance sheet calculations?  

[Critter]

Each corp is it's own entity ...  do not add the "child's" assets onto the "parent's" return.