Hi @ThomasM125 ,
Thank you for the suggestion. Do you mean in Forms view or Step by Step?
In Step by Step, following your instructions:
Cannot locate Partner Summary.
Instead: Business Info-->Partner/Member Information-->Edit Member
Check the box that says "This member is not a person. It is an LLC or other business entity."
Select the type of entity, "Partnership" is not available (and the 1065 instructions call for "P" for Partnership in my facts). I need P to show up on I1.
But LLC Partnership is the next closest thing, so I select that.
The challenge is, if you do not select Disregarded Entity, then Turbo Tax will not prompt you to complete the information about the beneficial owner.
So I am stuck getting to the outcome.
If I select LLC - Partnership as entity type, I cannot complete the information about the beneficial owner.
If I select Disregarded Entity as entity type, I can complete BO info, but "Disregarded Entity" populates in item I1.
Additionally, when you select DE as entity type, Turbo Tax seems to assume that the Beneficial Owner is an individual, but there has to be a way in Turbo Tax to account for the fact pattern where the legal partner in the partnership is an Disregarded Entity (Single Member LLC) but the single member is a partnership, not an individual.
Thank you for your consideration. Perhaps as a next step you could direct me to an editable portion of the forms. I want to avoid overriding the populated fields so I can still e-file. I would like to find the source where I can check the boxes I need to check and format the EIN as an EIN, not an SSN.
Thank you,
M
