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LLC (treated as partnership) receiving K-1, need to redistribute k-1s to partners

Real Estate Investment giving our Entity (llc) K-1 and we need to file that k-1 so each member (2) receive own K-1s to file individually.
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1 Reply
WillK
Intuit Alumni

LLC (treated as partnership) receiving K-1, need to redistribute k-1s to partners

Each member should receive their own K-1 once the partnership files their 1065. On the 1065 you report who the members are and what percentage they own and the income/expenses from the business will be split accordingly. You cannot take 1 K-1 and split that among the members. 

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