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I got a K-1 1065 where my LLC is the Partner in Part II. Used K-1 1065 to create business return and K-1 1120S. Do I add the K-1 1065 to 1040 if info is in my K-1 1120S?
I know I have to add the K-1 1120S to my personal return, but adding the K-1 1065 to my personal return seems like double counting, especially since it shows self employment earnings but not self employment expense. Those expenses are included in the K-1 1120S. To clarify, my LLC is listed as a partner in the Part 2, Info about Partner section, along with my Bus tax ID, not my SSN.
‎June 4, 2019
1:35 PM