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prepare a k-1 for a partner in who lives in a different state.

I prepared a 1065 partnership in wisconsin but one of the partners lives in another state and 

will not acccept the k-1 that i prepared in wisconsin.  What do i need to do?

 

 

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1 Best answer

Accepted Solutions
Vanessa A
Employee Tax Expert

prepare a k-1 for a partner in who lives in a different state.

If the partnership is located in WI, then the K-1 is for WI.  You do not have to prepare K-1's for partners based on the state they live in.  The partner can enter the K-1 that you prepared on their return.  Basically, the federal K-1 can be used for any information they are lacking.

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1 Reply
Vanessa A
Employee Tax Expert

prepare a k-1 for a partner in who lives in a different state.

If the partnership is located in WI, then the K-1 is for WI.  You do not have to prepare K-1's for partners based on the state they live in.  The partner can enter the K-1 that you prepared on their return.  Basically, the federal K-1 can be used for any information they are lacking.

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