ADVERTISEMENT

Quick Tax Question (Form 1065)

01Time

Well-Known Member
Gold Member
Jun 29, 2016
504
1,041
93
Central Texas
I have a 1065 (partnership return) that is almost identical to last year's so I'm pretty confident that I just need to reverse engineer the data and update the numbers from 2016 to 2017 to get it right (which I've already done). I paid someone to prepare and file the return last year for $470, but it seems too simple to pay someone almost $500 to prepare it going forward.

So my question is, where is the correct place to put the tax preparation expense on the 1065 and the K-1s? Thanks!

(I know the filing deadline for a partnership return was 03/15...I filed an extension...and I won't get any grief from my partner by doing the return myself since my partner is now my wife [we formed the legal partnership when we invested together while we were dating])
 
ADVERTISEMENT
ADVERTISEMENT

Go Big.
Get Premium.

Join Rivals to access this premium section.

  • Say your piece in exclusive fan communities.
  • Unlock Premium news from the largest network of experts.
  • Dominate with stats, athlete data, Rivals250 rankings, and more.
Log in or subscribe today Go Back