1065/8825 questions

Jan 24, 2012 0 Replies

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.


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