info12
New Member

Business & farm

Are you an LLC? My husband and I are also a Domestic Partnership LLC and share 50/50. I have been doing this for a number of years and in the partnership/member information entry panel, all you need to do is to indicate that you each receive 50%. I wouldn't worry about what ends up on the K-1 form. That form becomes automatic once you enter the partnership information. I'm not an expert, but I have had expertsl look at my form and they agree.