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Partnership Complete and Provide Schedule KPC to Each Corporate or Partnership Partner  Form

Partnership Complete and Provide Schedule KPC to Each Corporate or Partnership Partner Form

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Instructions and help about deductions pc

all right this is the third separate tutorial I have posted covering uh how to prepare schedules K2 and K3 with a form 1065 filing so this is tutorial three that's going to address what the K2 and k3s look like when we have an investment partnership so this is a partnership entity that's just trading stocks and bonds and other Financial products for its owners it's not actually conducting any active Trader business in playlist one and two these are more akin to actual operating businesses so in the first one here us LLC this is a form 1065 filing where there's no effectively connected income and you have foreign ownership so we see how all of that non-eci income you know the foreign Branch category income is flowing through to the partners so there's really no U.S withholding tax issues in the second one we do have some ecis so we have an LLC partnership that has a foreign branch and it has a U.S branch where it does earn some ECI that's

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