I created the 2019 K-1 for the Passive Partner and gave the K-1 to her already. Last year a CPA did the tax prep.
Comparing the CPA prepared 2018 K-1 to the 2019 K-1, the 2018 K-1 has the word "Passive" in the detailed worksheet. The Turbotax generated 2019 K-1 schedule does not state the word "Passive" anywhere on the worksheet. Will this have any impact for the passive partner going forward?
Also, the K-1 that I sent to the passive partner listed Provo, UT as the office I will submit the filling. If I e-file instead of mailing in the return, do I need to give the passive partner a revised K-1 listing "e-file?"
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The Schedule does not need to be marked Passive for your passive partner.
You do not need to change the Schedule K-1 for the IRS center's address/
The Schedule does not need to be marked Passive for your passive partner.
You do not need to change the Schedule K-1 for the IRS center's address/
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