How to report: LLCs receiving K1's

[DTS]

Can you advise, or provide pointers on where I should look for guidance, so that I can get this reported correctly?

If you look in Tab 4 of TMI's Small Business Edition, there are very good examples and, most likely, the info you are looking for.

D

[BOB W]

I have done 1065s for LLCs and partnerships before.
But I haven't done a 1065 for an LLC that in turn owns partnerships.

LLC is a 'family partnership'
owned partnerships are Rental Real Estate and a stock investment (symbol: UNG)

Can you advise, or provide pointers on where I should look for guidance, so that I can get this reported correctly?

thanks in advance!

Your tax program should have a "Foreign or Partnership" K-1 input screen for reporting an ownership in an other entity that give them a K-1 in their name. Check it out.

[HiltonL]

I have done 1065s for LLCs and partnerships before.
But I haven't done a 1065 for an LLC that in turn owns partnerships.

LLC is a 'family partnership'
owned partnerships are Rental Real Estate and a stock investment (symbol: UNG)

Can you advise, or provide pointers on where I should look for guidance, so that I can get this reported correctly?

thanks in advance!