Need to report Sec 199A partnership passthrough detail?
Posted: 20-Sep-2019 1:07pm
The Sec 199A info reported on several K-1s that my clients receive from their partnership interests report not only the the total amounts for the various Sec 199A boxes, but they also report the detail for each underlying partnership in which the partnership holds interests.
Do we need to report the detail from each underlying partnership, or is it sufficient to report only the cumulative totals shown on the K-1s?
Do we need to report the detail from each underlying partnership, or is it sufficient to report only the cumulative totals shown on the K-1s?