Thank youTaxationIsTheft1776for the detailed explanation. This definitely helps clear up some of the concepts.The K1 (1065) that I have is from an LLC which dea...
Hello Rick,Came across your detailed response above - it's very enlightening!. I have a slightly different query, but on similar lines. Would you mind please he...
I have this exact same question. I do have my K1 from last year and this year, however unable to figure out what numbers from my K1 map back to the specific fie...
I missed to enter my K1 (loss) on 2019 return. Is there a way for me to reflect that passive loss carry over on my 2020 return directly, or do I need to amend m...