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Should K-1 form have all the names in a joint account invested in LLC?
My wife and I have a joint investment in a LLC with both of our names. I recently received a K-1 with only my name (item F) and my SSN (item E) on the form. Item I2 lists the entity as “individual”.
Question: should the K-1 suppose to have both my wife’s and my name or just my name (the primary account holder)?
I was unable to find any guidance on this. For INT-1099, only the primary account name and SSN are needed for joint accounts. I file my taxes jointly so I wonder if this matters.
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March 14, 2020
6:05 PM