K1

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I had an accountant complete the K1 report for our newly formed LLC. I am doing my personal return and it calls for a 1099 from my K1 report. I do not see this report. Is it on the K-1 form 1065?

TurboTax Basic Windows

AmyC

Alumni - Intuit

No, a k-1 form is an entity alone, think of it as a w2 for your business. It is full of information and is not related to another form.

Reference:

About Schedule K-1 (Form 1065-B), Partner's Share of Income (Loss) From an Electing Large Partnership

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K1

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