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LLC and Trusts
I am using TurboTax Business. I have a Partnership LLC with multiple Grantor Trust members. In past years I classified them as Disregarded Entities (DE) and used the SSN as the TIN. This year TurboTax will not accept the SSN in Schedule K-1 (Form 1065) Part II, Item H2 and tells me I need an EIN. The Trusts do not have EINs. How should these trust be classified and how should the Schedule K-1 (Form 1065) Part II, Items E, F, H2, and I1 be filled out?
‎February 16, 2021
6:37 AM