Thank you for your response! You're right- i should file an extension, but i would still like to get the taxes done quickly for the sake of giving my partners enough time to file their taxes without extensions. The partnership's stated purpose is for the purpose of renting, managing, and owning the property (although we failed to transfer ownership). We wanted to formally specify the percentage ownerships, what happens if somebody dies or wants to sell, etc, rather than having it be a verbal agreement.
We have a registered partnership with an FEIN, so- we must file a 1065. TurboTax asks me what the owner contributions have been. Well, we have had a lot of contributions over the last 2 years to the property to pay for property costs, startup costs etc. Some of them were in 2018.
So: What goes on the 1065? The income and costs of the rental, but not the depreciation or real estate taxes since that comes from the building? The income and costs from the rental with depreciation and real estate taxes included? Completely blank and all activity so far is considered outside the partnership, since the partnership doesn't own the land?
