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Level 2
March 7, 2024
Solved

Form 1065 Schedule K-1 Part 2g is checked correctly for general partner but Page 6 line 2B shows amount under Limited Partner. Is this a bug?

  • March 7, 2024
  • 1 reply
  • 12 views
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Best answer by MICHAELMARS

LLC or partnership?  All LLC members are considered limited, only difference is if the are active or passive.

1 reply

Level 6
March 8, 2024

LLC or partnership?  All LLC members are considered limited, only difference is if the are active or passive.

bruacornAuthor
Level 2
March 8, 2024

The company is organized as an LLC.  Thanks for your help.