Proconnect not recognizing "General Partner / LLC Manager?" status for partnership return

Forum|Forum|2 years ago
September 1, 2023
1 reply
8 views

Hi! I'm filing a partnership return for a client now. There are two partners that would be considered general partners and everyone else is a limited partner.

I selected the "General Partner / LLC Manager?" designation for the partners that are general partners. However, their earnings aren't showing up as self-employment income on their K-1s, nor is the Analysis of Net Income (Loss) per Return correct on Form 1065 (there's an incorrect split between general partners and limited partners - all net earnings are showing up on the limited partner line). How can I fix this?

Thanks!

ProConnect Tax

This topic has been closed for replies.

PhoebeRoberts

Intuit Community Champion

Everything showing up on the limited partner line is correct for an LLC taxed as a partnership, per the 1065 instructions.

I assume the type of income the LLC has is generally subject to SE tax? If it's coming from a pass-through entity, you've entered income subject to SE tax even if the K-1 you got didn't show it? You can override or adjust net earnings from self-employment under Schedule K, Other Schedule K Items, if needed.

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