I have entered all amounts on the "Step by Step" portion but when I go the actual 1065 form, all the amount fields are blank. Do I have to manually enter all these? That cannot be right! For example all of the Income section is BLANK. Thanks
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Are you entering business income or other types of income?
For example, income from interest, dividends, rental income, capital gain, and the like will appear on Schedule K (page 4) of your 1065.
Are you entering business income or other types of income?
For example, income from interest, dividends, rental income, capital gain, and the like will appear on Schedule K (page 4) of your 1065.
It is rental income from real estate rentals.
Oh boy... I had a tax preparer do this last year and everything is on page 1 of the 1065. She messed up all of our returns and it took me the entire year to fix things. I am wondering if last years was filed incorrectly...
Enter Forms Mode and look at your 1065 (p4-5). You should see rental income in that section.
@RBFC wrote:
Oh boy... I had a tax preparer do this last year and everything is on page 1 of the 1065. She messed up all of our returns and it took me the entire year to fix things. I am wondering if last years was filed incorrectly...
"Oh boy", is right; rental income from real estate really does not belong there unless you are running something on the order of a hotel, bed & breakfast, or the like.
Thanks for getting back to me so quickly!!! I am going to file correctly and keep my fingers crossed.
If you have a minute.... I have one other issue. On page 3 under "Designation of Partnership Rep" T Tax is forcing me to enter info in the second portion marked "If the PR is an entity..." Not sure why... thx
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