Total on 510B doesn't match total on 1065
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Total on 510B doesn't match total on 1065 Ira and all, The total on the 510B does not match the total on page 4 of the 1065: We added all the income on the K1, and put that in each member's Distributive share line. We looked at how it had been done last year: Then we added the total for all 10 members, and put that on the front of the MD form on the line: Total distributive or pro rata share of income per federal return (Form 1065 or 1120S) — Unistate entities or multistate entities with no nonresident members also enter this amount on line 4 . . . . . . . . . 5032.78 However, this total does not match the 1065 total on page 4: Analysis of Net Income 1. Net income (loss) which bivio totalled as 4714.16 Is this correct? The 1065 total should be less than the 510B Total distributive or pro rata share of income per federal return" because it is NET after deductions/expenses/etc. thanks, Etana |
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