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Level 1
January 22, 2026
Question

1065 Question 2b on Schedule B

  • January 22, 2026
  • 1 reply
  • 2 views

If I have only 2 partners owning 50% each

Is my answer to question 2b on Schedule B Yes or No? 

 

1 reply

Intuit_Kallana
Level 7
January 22, 2026

Since that question specifically states "an interest of 50% or more", your answer would appear to be "Yes" and Schedule B-1 would be needed.  However, we would advise to refer to the IRS form instructions for definitive instructions on your client's situation.