topic When preparing the Form 1065 and K-1's for 2nd homes owned by LLC's, which box on the K-1 should contain the partner's share of real estate taxes? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/when-preparing-the-form-1065-and-k-1-s-for-2nd-homes-owned-by-llc-s-which-box-on-the-k-1-should/01/659716#M26203 <P>On a return I am preparing, the partners share of real estate taxes is showing up in Part III Box 1 as Ordinary business income (loss). &nbsp; Is this the correct location?</P> Thu, 06 Jun 2019 09:27:33 GMT info34 2019-06-06T09:27:33Z When preparing the Form 1065 and K-1's for 2nd homes owned by LLC's, which box on the K-1 should contain the partner's share of real estate taxes? https://ttlc.intuit.com/community/business-taxes/discussion/when-preparing-the-form-1065-and-k-1-s-for-2nd-homes-owned-by-llc-s-which-box-on-the-k-1-should/01/659716#M26203 <P>On a return I am preparing, the partners share of real estate taxes is showing up in Part III Box 1 as Ordinary business income (loss). &nbsp; Is this the correct location?</P> Thu, 06 Jun 2019 09:27:33 GMT https://ttlc.intuit.com/community/business-taxes/discussion/when-preparing-the-form-1065-and-k-1-s-for-2nd-homes-owned-by-llc-s-which-box-on-the-k-1-should/01/659716#M26203 info34 2019-06-06T09:27:33Z Yes, Real Estate Taxes for an LLC in the business of hold... https://ttlc.intuit.com/community/business-taxes/discussion/yes-real-estate-taxes-for-an-llc-in-the-business-of-hold/01/659722#M26204 <P>Yes, Real Estate Taxes for an LLC in the business of <U>holding real estate for investment</U> would be reported as a business expense included in <B>Ordinary Business Income</B> (Schedule K Box 1).</P> Thu, 06 Jun 2019 09:27:35 GMT https://ttlc.intuit.com/community/business-taxes/discussion/yes-real-estate-taxes-for-an-llc-in-the-business-of-hold/01/659722#M26204 PatriciaV 2019-06-06T09:27:35Z