1065/8825 questions

Folks,

We have a rental unit as the only source of income in our partnership. I was working on my 1065 and had the following questions:

. Item G : I need to fill if this is an initial return or final return ... what is the difference?

. On line Do I need to separate the property taxes and the CA state taxes ($800 for a LLC). Right now I use line 11 on form 8825 for both

Thanks.

Reply to
Mahesh
Loading thread data ...

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.