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Level 2
posted Mar 8, 2020 1:49:47 PM

LLC 1065

I completed the Business Turbo Tax version for my LLC, but the  1065 form shows no numbers!! all the individual rental property numbers are seen in the later part of the return.  What am I doing wrong?

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1 Best answer
Expert Alumni
Mar 8, 2020 2:18:18 PM

You are not doing anything wrong.  On the 1065, if the only income and expenses is from rental property, it will not show up on the first pages.  It will be reported on form 8825 and transferred to the K-1.  

1 Replies
Expert Alumni
Mar 8, 2020 2:18:18 PM

You are not doing anything wrong.  On the 1065, if the only income and expenses is from rental property, it will not show up on the first pages.  It will be reported on form 8825 and transferred to the K-1.