We have a 2 member LLC. Our K-1's indicate each a $21,600 loss in Box 2 when that information is entered into our 1040, the loss only shows a total of $12,100.
We have a 2 member LLC. Our K-1's indicate each a $21,600 loss in Box 2 when that information is entered into our 1040, the loss only shows a total of $12,100.
There is more to the K-1 than just one line ... what are the other entries ? What is in boxes g - m ? Do you have any basis ?
We have a 2 member LLC. Our K-1's indicate each a $21,600 loss in Box 2 when that information is entered into our 1040, the loss only shows a total of $12,100.
There is more to the K-1 than just one line ... what are the other entries ? What is in boxes g - m ? Do you have any basis ?
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