Do investment club members need to file Schedule E with
their 1040s? Or is all investment club activity reported
solely on Schedules B & D?

Thanks,

Sam

Generally, investment club activity is reported on schedules
A (investment expenses/interest), B (dividend and interest
income), and D (capital gains/losses) of Form 1040.
Occasionally, Schedule E will be used -- eg., if there is
royalty income from a natural resources PTP, and
occasionally Form 1116 (Foreign Tax Credit). There may be
special circumstances where other forms are used.

In any event, if you follow the partner's instructions for
Form 1065 Schedule K-1, you will be told where each number
needs to be entered on your personal tax return. These
instructions should be provided with your K-1. If not, you
can find them at www.irs.gov/pub/irs-pdf/i1065sk1.pdf

Ira Smilovitz
Lakshmi Investments, LLC

Samuel L Weiss wrote:
> Do investment club members need to file Schedule E with
> their 1040s? Or is all investment club activity reported
> solely on Schedules B & D?
>
> Thanks,
>
> Sam