I am trying to complete form 1065 and have everything complete but I have nogross farm in come showing on page 4 line 14c. I am not sure how to get this out of here.
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@exclusiverei wrote:
I am trying to complete form 1065 and have everything complete but I have nogross farm in come showing on page 4 line 14c. I am not sure how to get this out of here.
Have you read the instructions for Form 1065 (see the link below)?
https://www.irs.gov/instructions/i1065#idm140538035309888
Why do you believe the figure should not be there?
I have read the IRS rules and this figure should not be here. I only have gross sales as income for our buisness. It is basically entering our income twice.
The figure on page 4 schedule K line 14c comes from line 8, pg 1 (Total Income) of the 1065.
Box 14 gives a description of the income entered in box 1 -- it does not enter the income twice.
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