RobertB,
Thanks for the response. The nominee being the business and business EIN is clear. Also clear is the fact the business has to issue its own K1s.
The first year (2021) we setup the LLC/partnership we had a CPA do the taxes - both individual and business. The following year, I migrated the personal over to turbotax emulating what the CPA had done.
The business income/loss has come into the 1040 from Schedule 1, line 10. Our business does issue a K1 to both my wife and I and we do capture this in TurboTax under the K1 Partner form and we have a Schedule E.
Im hesitant to fill out schedule C as we haven't used that in the past. Can we omit? I worry it will double count as the questions in the worksheet are captured either on the 1065 corporate return or elsewhere on the personal 1040 return. How to include the NOMINEE to the business if filed electronically?
Thanks,
Joe
I'm still worried about
