Incorrect 1065?
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Incorrect 1065? Can anyone give me an answer for why we have no dollar amounts on the first 3 pages of our 1065? All we had was dividends and interest for income and some expenses. In the income and deductions we have no amounts until page for (Schedule K). Can anyone clarify for me? Eric That's correct. An investment club isn't an operating business so all of its income and expense appears on Schedule K.
Ira Smilovitz
In a message dated 02/14/09 10:09:16 Eastern Standard Time, ericfrom@bivio.com writes:
Thank You! iras1 wrote: > That's correct. An investment club isn't an operating business so all of its income and expense appears on Schedule K. > > Ira Smilovitz > > > > In a message dated 02/14/09 10:09:16 Eastern Standard Time, ericfrom@bivio.com writes: > > Can anyone give me an answer for why we have no dollar > amounts on the first 3 pages of our 1065? All we had was > dividends and interest for income and some expenses. In the > income and deductions we have no amounts until page for > (Schedule K). Can anyone clarify for me? > > > A Good Credit Score is 700 or Above. See yours in just 2 easy steps! |
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