Bus. Farm Supplement for LLC

Moonstone2
Thu, 25 Feb 2010 21:22:31 +0000

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.

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.

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.

I’d appreciate any experience with this.