TMP and 1099

Johnny Duncan on

Thanks in advance...

Do we have to put a name in for TMP on Form 1065, Schedule
B?

Also, is it necessary to mail 1099 from broker to IRS with
K-1's and 1065?

Thank you!

Johnny

Laurie Frederiksen on

If your club has 10 or more members that TMP space needs to be filled in. This is done automatically by bivio.

If your club has less than 10 members, putting in a TMP is optional.

You don't have to mail in your 1099 with your tax return. Your return has to match the information on it. The IRS already has their own copy they can use to compare your return to.

Laurie Frederiksen
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On Thu, Feb 20, 2014 at 12:54 PM, Johnny Duncan wrote:

Thanks in advance...

Do we have to put a name in for TMP on Form 1065, Schedule
B?

Also, is it necessary to mail 1099 from broker to IRS with
K-1's and 1065?

Thank you!

Johnny

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