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Level 5
April 10, 2024
Question

K-1 Partner is an LLC

  • April 10, 2024
  • 1 reply
  • 14 views

I have a client bringing me a K-1 from a Partnership that she is 20 partner, but not under her social security number. The K-1 is under her LLC EIN. Does this go on her 1040 personal return??

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1 reply

dascpa
Level 11
April 10, 2024

If she is a SMLLC then yes since that entity is a disregarded entity.  If no then it would go onto it's own 1065.