PatriciaV
Expert Alumni

Get your taxes done using TurboTax

According to the On-Demand Guidance within TurboTax Business for the Designation of Partner Representative (right click on PR Name at the bottom of Form 1065 p1-3) --

 

To designate a partnership representative, either complete Part V of the Partnership Information Worksheet and check the Partnership Representative (PR) box or check the "PR" (Partnership Representative) box for a partner on the Schedule K-1 Worksheet.

 

Note: If the partnership representative is an entity, complete the information for the individual that the partnership designates to act on the entity's behalf.

 

If you prepare Schedule K-1 for at least one trust, partnership, disregarded entity or estate, you cannot opt out of the Centralized Partnership Audit Regime (Form 1065 p1-3 Line 29), which could resolve the situation.

 

Instead, open Forms Mode and confirm that the two forms mentioned above (Partnership Information Worksheet and Schedule K-1 Worksheet) contain the correct information. 

 

The PR checkbox on Schedule K-1 Worksheet is in the right-hand column under the Profit/Loss percentages as "Check applicable boxes:"

 

On the Information Worksheet, Part V, confirm that there is no SSN under the Partner's information. Either the Partner or LLC Member and PR boxes must be checked.

 

Do not return to the Step-by-Step section for Partner/Member Information in case this action is resetting your entries. Save your return. Close, reopen, and run Federal Review again.

 

@roybye

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