New
Export K-1 from Limited Partnership to single member LLC's individual tax return
A single member LLC is a partner in a limited partnership. This single member LLC is noted as a disregarded entity in screen 7 “Partner information”. The SSN & name of the owner of the disregarded entity are entered in screen 32.1 "Disregarded Entity: Partner Information". The K-1 data export tool should transfer the K-1 info to the individual's tax return for reporting on page 2 of Sch E. But, this is not happening and we have to manually enter the K-1 in the individual's tax info.
