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Updated almost 3 years ago,
where to enter state license fees, Form 1065 or F 8825?
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!