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Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
Satisfied Customers: 7098
Experience:  Extensive Experience with Tax, Financial & Estate Issues
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K1(1065) line 1 ordinary income from investment in a hedge

Customer Question

K1(1065) line 1 ordinary income from investment in a hedge fund. How should this income be treated?
Submitted: 5 years ago.
Category: Tax
Expert:  Stephen G. replied 5 years ago.
Stephen E. Grizey :

Hi & thanks for using our service. I'll do my best to give you a complete & accurate answer. Please ask me to clarify anything you don't understand.

Stephen E. Grizey :

Do you mean where should you put it on your tax return?

JACUSTOMER-z8zzpa9s- :
Stephen E. Grizey :

If you sent a response. I didn

Stephen E. Grizey :

didn't get it.

Stephen E. Grizey :

Are you typing?

JACUSTOMER-z8zzpa9s- :


I am a customer service representative posting on behalf of the customer who is unable to view the chat. Please repost your response as QA so they can respond.

Thank you.

Expert:  Stephen G. replied 5 years ago.
My inquiry was one of clarification. Do you mean where should the line 1 income be reflected on your tax return?
Customer: replied 5 years ago.

yes I meant where to put it on the tax return.

i thought because I am limited partner, would be passive, but this looks like because it is investment in hedge fund, it should be taken as an ordinary income, whihc I do not understand. Thks for your help

Customer: replied 5 years ago.

are you still there?

I had technical problems replying to you before