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movinit56
Level 3

If Schedule L, M-1 and M-2 are not required for us on form 1065 is Section L on Schedule K-1, Form 1065 required? IRS instructions for Schedule K-1 are non-existent.

 
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Rick19744
Level 12

If Schedule L, M-1 and M-2 are not required for us on form 1065 is Section L on Schedule K-1, Form 1065 required? IRS instructions for Schedule K-1 are non-existent.

The instructions are specific in a couple of places.

  1. Form 1065 Schedule B question 6 addresses this question.
  2. The form 1065 instructions on page 26 address this question as well.
In your specific case, the answer is "no" based on your facts.




*A reminder that posts in a forum such as this do not constitute tax advice.*

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2 Replies
Rick19744
Level 12

If Schedule L, M-1 and M-2 are not required for us on form 1065 is Section L on Schedule K-1, Form 1065 required? IRS instructions for Schedule K-1 are non-existent.

The instructions are specific in a couple of places.

  1. Form 1065 Schedule B question 6 addresses this question.
  2. The form 1065 instructions on page 26 address this question as well.
In your specific case, the answer is "no" based on your facts.




*A reminder that posts in a forum such as this do not constitute tax advice.*
movinit56
Level 3

If Schedule L, M-1 and M-2 are not required for us on form 1065 is Section L on Schedule K-1, Form 1065 required? IRS instructions for Schedule K-1 are non-existent.

Thank you!  I skipped right past the fine print on B 6 where it says Item L on Schedule K-1 does not need to be completed.
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