Help-needed wrote:
(Saw your post was just my problem. tried what you said and it still is not working)
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It's buggy sometimes on this. There's 2 ways to work around it.
(1) you can start over with a new Tax Return (Slightly different Name, initial etc) and this time go directly to the members data entry BEFORE putting in ANY income data. Make sure the "limited or other member" is listed as such. Of course this is if the member is in fact limited and does not work for the LLC in an active capacity. Then proceed and it should stick.
(2) Or what I did one year to get the Self Employment income off the limited member (there's only 2 members in ours) was just special allocation payment to the active member of the regular income (not passive income). If you have more than 2 active members you'd have to fraction it out to whomever was Active vs whomever was Limited members. The special allocation pmts to specific members can be hard to spot in the TT for Business menus. Best I remember (it was several yrs back) down at bottom of the window it said something going in like "Are you making special allocations pmts to any members". And if you chose yes then later it asks which members and that's where you fill it in.
Usually the entity doing the K1 is the same entity doing the form 1065 with Turbo Tax Business. So I speak from that scenario. Good luck with it.
BTW Today March 15 is the deadline for filing the LLC and/or Partnership Tax Return. It's a hefty fine if you don't file or contact them about filing an extension.
