Business & farm

@Anonymous 

  • What boxes are checked on each K-1 line G?
  • Is the same box checked for each K-1?
  • If Line G box 1 (GP or LLC member-manager) is checked, then line 14 will be populated.
  • If Line G box 2 (LP or other LLC member) is checked, then line 14 will not be populated.
  • After responding to the question, is the appropriate box checked for the respective member?
  • The K-1 isn't worded the best, but it is how TT will determine how box 14 is addressed

 

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.