David Posted March 27, 2018 Report Share Posted March 27, 2018 I don't see anything in my research tools that indicate an LLC can report the tax prep fees for preparing a final 1065 when these fees, of course, won't be paid until after the final tax return date. It appears that the LLC members are out of luck as far as deducting their portion of the fee, Is this correct? Thanks. Quote Link to comment Share on other sites More sharing options...
BHoffman Posted March 28, 2018 Report Share Posted March 28, 2018 Unreimbursed Partnership Expense? Quote Link to comment Share on other sites More sharing options...
OldJack Posted March 28, 2018 Report Share Posted March 28, 2018 1040 Sch-E: You can deduct unreimbursed ordinary and necessary expenses you paid on behalf of the partnership if you were required to pay these expenses under the partnership agreement. (Sch-E Instructions) 2 Quote Link to comment Share on other sites More sharing options...
David Posted March 28, 2018 Author Report Share Posted March 28, 2018 Ok , that makes sense. I guess you can report UPE even if no K-1 is issued. Thanks for your help on this. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted March 28, 2018 Report Share Posted March 28, 2018 All final returns are accrual. The fees should have been deducted on the final return. 3 Quote Link to comment Share on other sites More sharing options...
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