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Yes, it's confusing.
Most of Form 1065 is for active partnership activity, not rental real estate activity.
Rental Real Estate activity shows up on a partnership return on Schedule K, line 2, on page 4 of Form 1065.
Each partner's portion reports to the same line on their Form K-1.
Yes, it's confusing.
Most of Form 1065 is for active partnership activity, not rental real estate activity.
Rental Real Estate activity shows up on a partnership return on Schedule K, line 2, on page 4 of Form 1065.
Each partner's portion reports to the same line on their Form K-1.
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