Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

4
Posts
0
Votes
Trevor Bozich
  • Rental Property Investor
  • Highland, IN
0
Votes |
4
Posts

Reporting Business Income on Form 1065?

Trevor Bozich
  • Rental Property Investor
  • Highland, IN
Posted

I started an LLC in late 2018 as a domestic partnership between my mom and I. When we opened it, we got the EIN and notice from the IRS about filing form 1065, which is standard.

Fast forward to tax time, we own another property in our own names that's split 50/50 and reported in Part 1 of schedule E. However, when comparing how the LLC was filed, it was reported in the same section. Am I missing something? I would have thought a 1065 and K-1 would need to be filed and would have appeared in part 2 of my return.

I confirmed with my CPA that this is okay, but everything I look up is contradictory regarding partnership returns needing form 1065.

Thanks,

Trevor

Loading replies...