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

qdreckmeyer92 · ‎June 4, 2019

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.

WillK · ‎June 4, 2019

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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