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Disregarded Entity Taxpayer ID on form K-1

The taxpayer ID for a disregarded entity who is an individual is supposed to be that person's SSN. However, TurboTax for Business 2020 goes into an endless error "do loop" on the K-1 for my disregarded entity. 

Line E of the K-1 is supposed to be blank. However TT puts the SSN for the partner in Line E AND in Line H2. I am not able to delete the SSN from Line E, nor can I fix this by revising the Partner worksheet.

I need help from TT to fix this.

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2 Replies

Disregarded Entity Taxpayer ID on form K-1

if it's a disregarded entity - single-member LLC or sole proprietorship - there is no federal tax return for it. income and expenses are reported directly on schedule C (non-rental activity) or schedule E (rental activity). your state might require a tax return if it's an LLC 

 

if it's a partnership or multimember LLC (same as a partnership), it is not a disregarded entity. a 1065 must be filed,

 

Disregarded Entity Taxpayer ID on form K-1

the issue is NOT the tax return of the disregarded entity. the issue is the partnership with a partner that is a disregarded entity. The SYSTEM called TURBO TAX will not allow me to enter the taxpayer id of the partner that is a disregarded entity. This was not an issue in past years versions. I need a way to get TURBO TAX to fix this.

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