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I am a permanent resident of US (Not a Citizen). I am a partner in multi-member LLC. Am I a "domestic partner" or "Foreign partner" in schedule K-1, part II, item H?
I am a permanent resident of US (Not a Citizen). I am a partner in multi-member LLC. Am I a "domestic partner" or "Foreign partner" in schedule K-1, part II, item H?
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I am a permanent resident of US (Not a Citizen). I am a partner in multi-member LLC. Am I a "domestic partner" or "Foreign partner" in schedule K-1, part II, item H?
You are a domestic partner since you reside in the US.
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I am a permanent resident of US (Not a Citizen). I am a partner in multi-member LLC. Am I a "domestic partner" or "Foreign partner" in schedule K-1, part II, item H?
You are a domestic partner since you reside in the US.
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I am a permanent resident of US (Not a Citizen). I am a partner in multi-member LLC. Am I a "domestic partner" or "Foreign partner" in schedule K-1, part II, item H?
The input for this has to be corrected in TurboTax Business. The question asks if the partner a US Citizen. This is not correct. It should be a US "person", which is citizen or permanent resident. This created an incorrect filing and I have to correct with the IRS - please clarify this in the program.
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I am a permanent resident of US (Not a Citizen). I am a partner in multi-member LLC. Am I a "domestic partner" or "Foreign partner" in schedule K-1, part II, item H?
YOU are right
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I am a permanent resident of US (Not a Citizen). I am a partner in multi-member LLC. Am I a "domestic partner" or "Foreign partner" in schedule K-1, part II, item H?
Hi MOD5,
Would you mind explaining to us how did you correct this issue? I have the same problem. Due to the wrong question in Turbotax business, the IRS sent us a letter saying that our LLC have a foreign partner, and we don't.
Thanks a lot in advance 🙂