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Tags: federal,form
Rental payments received from real estate entered on the Trial balance worksheet are not flowing to form 1065
Form 1065 page 1, line 1a, is for reporting gross receipts, not rental activity. Rental activity for a partnership is reported on Form 8825, the income or loss from Form 8825, line 17 flows to form 1065, page 4, line 2. Then flows on to the Schedule K-1, line 2 - Net Rental real estate income.
Tags: federal,form