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Business & farm
Looking at it again, the two boxes are "General partner or LLC member-manager" and "Limited partner or other LLC member." All three of my other partners have the first box checked while I have the 2nd. I contribute just as much to the management that they do, so it sounds like the correct box for me is the first one. My income is otherwise reported the same as the others. From what I can tell, having the wrong box checked doesn't change my taxes owed or anything else.
I guess my question remains, is it worthwhile to call the office's CPA to make sure it's changed in the future? Is there any advantage or disadvantage to leaving it or changing it?
‎April 17, 2021
7:55 AM