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    Entites

    WOW. Hey folks need help here.

    In this software I am reviewing, on their Partnership input page it asks Type of Entity:

    1. Indv-Passive 2. Partnership 3. Corporation 4. Estate 5. Trust 6. Other
    7. Indv-Active 8. Exempt 9. Nominee -C 10. Nominee-F 11. Nominee-P
    12. Nominee-E 13. Nominee-IRA 14. Nominee-I .

    Anyone have a good description of these? Or where one can be found?

    Remember folks: "NONE OF US IS AS SMART AS ALL OF US". Blanchard,& Carew

    #2
    Not sure what you really are asking but I'll take a stab at something.
    1 thru 8 appear as they say.
    9 maybe a nominee for a (C)orporation
    10 maybe a nominee for a (F)udicary
    11 maybe a nominee for a (P)artnership
    12 maybe a nominee for a (E)state
    13 maybe a nominee for a (I)RA
    14 maybe a nominee for a (I)ndividual

    This is probably for doing information returns such as W2 and 1099's.

    Is this making sense to you?

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      #3
      Thanks

      Thanks Much, after further research the software program flowed the entity info to the identity of the K-1 holder.

      Thanks again

      K

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