Please clarify the makeup of this organization.
What you appear to be attempting to do does not seem to be consistent with generally accepted accounting practices.
Why does your Partnership (THIS COMPANY) issue three Forms K1 with the same Partnership TIN?
How do you differentiate between them? Each of the K1s standing alone states how much that entity share of Profit and Loss responsibility is and synopsis of Capital account.
Alone and side-by-side, it would seem these K1s risk confusing anyone reviewing them.
Recommend THIS COMPANY issue 5 Forms K1 - 4 to individuals and 1 to the Partnership member.
Allocation of income and expense to its 3 partner members should be their bookkeeping responsibility, not THIS COMPANY's.
THIS COMPANY truly only has only 5 members, not 7.
