What do i chose for my K1 partnership when, on my K1, I have “shareholder” checked? Why doesnt TT have that as an option?

brandonladuke · ‎June 3, 2019

TT only have Limited, General or No Entry for choices. On my K1 i have Limited, General, Shareholder, and Beneficiary. Shareholder is what is checked on mine that comes to me already filled out by family farms accountant.

MichaelL1 · ‎June 3, 2019

If this is a family farm and you are personally responsible for debts incurred, you are a General Shareholder.

What do i chose for my K1 partnership when, on my K1, I have “shareholder” checked? Why doesnt TT have that as an option?

Business & farm