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Okay, thanks. That makes sense, but I have some follow-up questions:
1. Do I enter these K-1s as the same form type (1065) as what the K-1 is for Company A?
2. I assume I will now have to get Part I information (company name, address, ID#) for Company B & C?
3. Do I enter the Type of Partner to be the same as the Type of Partner on the Company A 1065?
4. If I already have a K-1 for Company B (I individually have ownership in that company), do I start a new K-1 for this 199A information, or do I add it to the existing K-1?
March 23, 2020
2:07 PM