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jenninm
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What does the term “various” mean on a K1 when referring to ownership percentage?

 
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2 Replies

What does the term “various” mean on a K1 when referring to ownership percentage?

Contact the tax matters partner if this is a partnership/LLC or the responsible officer if this is an S corporation.

What does the term “various” mean on a K1 when referring to ownership percentage?

This will generally be reflected when there are special allocations. 

But as noted by @tagteam you will need to go to the source to get an exact understanding.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
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