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Updated about 3 years ago on . presented by

User Stats

9
Posts
1
Votes
Mike Stone
  • Investor
  • Sarasota, FL
1
Votes |
9
Posts

where to enter state license fees, Form 1065 or F 8825?

Mike Stone
  • Investor
  • Sarasota, FL
Posted

we have a humble partnership LLC for an airbnb real estate rental unit.

1. do I include my state lic fees on the 8825 under misc or put them on page 1 of 1065?

2. do i put all my depreciation (including sec 179) on 8825 and  NOT on  1065 line 12 ?

3. am i correct that for this real estate rental 'business' there will be almost zero entries on form 1065... only sch K line 2 (the total income for both partners)  and then again in "analysis of net income" line 2b ii ( i am considering us both active limited partners since we 'manage' the airbnb rentals

THanks!