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Business & farm
Thanks, I agree that once file individual 1040 tax forms will need to complete form 8995-A (and have seen a series of posts about issues with that forms release) but this stream was about filing an LLC (pass through entity) form 1065 (due mid-March) to report the allocation of DPAD from an ag coop to the LLC being passed on to the LLC members (who will then need form 8995-A). To complete the 1065 form needed to be able to access Schedule K-1 Statement C. As noted, there seems to be a 'work-around' for that portion now, although somewhat cumbersome depending on number of members. Also, as just posted separately need to be careful to ensure Statement C gets printed when sending K-1 forms to members.
‎February 27, 2020
11:53 AM