Friday, August 12, 2011
Need help on LLC Partner's Address on Tax Form K1.?
I have seen this before in preparing partnership/LLC returns. There is nothing wrong with reporting the LLC's address in place of the member's address on a K-1. What I have typically done is write C/O (care of) and put the company's name and address under the member's name. The key number on a K-1 that really matters is the social security number so you have flexibility for the address. However, for the member's resident or nonresident individual returns, he should use his primary residence for the address and not the LLC's. Hope this helps.
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