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Partnership Tax question regarding Form 1065, Schedule K-1.
Partnership Tax question regarding Form 1065, Schedule K-1. Where does the investment Tax Credit from Form 3468 get entered at? Specifically, does get listed on Box 15 with Code P or does ONLY get lis… read more
Dr. Fiona Chen
Dr. Fiona Chen
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Lev, Do you know if you can deduct depletion on royalty
Hi Lev,Do you know if you can deduct depletion on royalty income (partnership K-1) on Schedule E in ADDITION to the depletion taken on gross oil and gas income for the same partnership? Is the royalty… read more
Lev
Lev
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I have a K-1 with a box 12, code p.. it has STMT in the box,
i have a K-1 with a box 12, code p.. it has STMT in the box … read more
Cole Parker
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Tax Question: Does box 12 V on the W-2 always need to equal
Tax Question: Does box 12 V on the W-2 always need to equal the gain on schedule D? There are incentive stock options and the detail looks like all gain was report on the W-2 ($300+ K), but when I loo… read more
Lev
Lev
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Trust received K-1 from partnership. with code V in Box 20.
Trust received K-1 from partnership. with code V in Box 20. How do I report on th Trust Return. … read more
Lev
Lev
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On schedule K-1 box 14 Code I, it refers to a STMT which
On schedule K-1 box 14 Code I, it refers to a STMT which lists Foreign Receipts and Expenses. Where do I report this? … read more
Stephen G.
Stephen G.
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Bachelor's Degree
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We are a partner LLC and preparing k-1(form 1065) and PA
we are a partner LLC and preparing k-1(form 1065) and PA rk-1 for the 3 partners ..... where do we file these forms since the LLC itself doesnt' file taxes it is all pass through income to the partner… read more
Lev
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Which boxes on schedule k-1 (Form 1065) should be added
which boxes on schedule k-1 (Form 1065) should be added together to equal the amount in Part II Section L Partner's capital account analysis Current year increase (decrease)? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I am totally confused on how to answer the Turbo Tax k-1 questions
I am totally confused on how to answer the Turbo Tax k-1 questions regarding information in box 12 and 14. Is there anyplace that explains how to enter the numbers from the Schedule K-1 statements and… read more
Stephen G.
Stephen G.
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Why is the loss from AmeriGas reducing my tax basis?
Hello, this is my first year dealing with 1065 K-1 AmeriGas Ferrell gas. Im going to begin with my questions regarding AmeriGas. I bought AmeriGas in 20114, hold/no sales. Individual, PTP, Domestic PT… read more
USTaxAdvising
USTaxAdvising
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Dear Sir/ Madame,1) I personally invested a small amount
Dear Sir/ Madame, 1) I personally invested a small amount in a company named Luca Oil, LLC. I received a Form 1065 Schedule K-1. Box 14 Self employmet earnings (loss) , Code A $-3988 and code C: $2473… read more
Robin D.
Robin D.
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I am entering information from K-1s in Turbo tax. A couple
I am entering information from K-1's in Turbo tax. A couple K-1s have entries in boxes 1, 2, and 3, and i am entering each box separately as a separate K-1 entry. In order to do this I have done the b… read more
ezcpa
ezcpa
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I have a k-1 for oil and gas: Part II G and H are checked J
I have a k-1 for oil and gas: Part II G and H are checked J = 0.75% K = 1682 L = a bunch of #s, Tax basis checked M = No checked Part III 1 = -1174 13 = J* STMT 14 = A, -1174 17 = E, 1174 20 = T* STMT… read more
R. Klein, EA
R. Klein, EA
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I am using Turbo tax to do our 2011 taxes. My husband receives
I am using Turbo tax to do our 2011 taxes. My husband receives a K-1, form 1065, each year and normally it is easy to figure out what to with it in TT. This year, however, there is a footnote on the K… read more
Charles Markham
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Hi Anne, Ive got to re-file 5 or so years of my 1040 along
Hi Anne, I've got to re-file 5 or so years of my 1040 along with a Schedule E. The way I submitted in years prior, I would file my 1040 then when I received my K1 (its a Family Ltd Partnership) I woul… read more
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I invested with EV ENERGY PARTNERS, L.P. . ON SCH K-1 PART
I invested with EV ENERGY PARTNERS, L.P. . ON SCH K-1 PART III #13 CODE J= 10 #17 CODE A = 8 #19 CODE A = 76 CODE T= "STMT" CODE D = 222 CODE T*= "STMT" #20 CODE A = 2 CODE T*= "STMT" CODE V = 40 CODE… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
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Normally, I file married, jointly with Schedule C. I have
Normally, I file married, jointly with Schedule C. I have a one time need from stock sale in 2008. I need assistance filling out Form 8873. Can you help?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
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Schedule K-1 Broker Footnotes references IRS Reg code 469
Schedule K-1 Broker Footnotes references IRS Reg code 469 sec 1.469-1t(e)(6)income or loss is considered NON PASSIVE to any limited partner. Do I file as an ACTIVE partner.… read more
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