Bus. Farm Supplement for LLC

Paying for College
1

<p>Does anyone have experience with filling out the Bus. Farm Supplement if what you have is a limited partnership in an LLC, which is essentially an investment (with not that much return each year in the form of income). Do I need to fill out all the information as if this is a business? I don’t have any of the info. on income/losses. I just have a K1 form with my own distribution. </p>

<p>Ultimately, I could GET this info. (from a family member) but I am not sure this is necessarily relevant. The questions seem more pertinent to a business owner, whereas my K1 is more like a dividend from an investment.</p>

<p>This is not my area. Any fiance/accountant types that could help me? Need to get this out soon and I don’t even have my K1 for this year. </p>

<p>I’d appreciate any experience with this.</p>

2

<p>I just got mine out. You do need to fill it out and need corporate returns to do so. You might be able to ask the accountant of the business to fill it out for you if he has done the corporate returns this year. A K 1 will not help you in filling it out. My colleges wanted a corporate return as well.</p>