Ok since the IRS gets a copy of the 1098 that won't be a problem if what I enter for the 1098 doesn't agree?It does seem that the form for the 1098 asks only "P...
When I googled for 1120-S K-1 instructions I got this pdf which doesn't mention LLC's:https://www.irs.gov/pub/irs-pdf/i1120ssk.pdfYour link is much better :-).I...
Thanks for your reply. This sounds good- I'll enter in box D 100. I'll enter in box H 49 for me and 51 for my wife corresponding to our percentages in box G.I h...
I did find one article that addressed what an LLC should do for K-1 boxes D and H. It said an LLC without stock should enter "number of units or other equivalen...
Yes you are correct- we are an LLC that elected to be taxed as an S-Corp. From googling it seems that LLC's cannot have or issue stock.It would appear the instr...