I am a partner in a simple 2 person LLP. Will we file a single 1065 with 2 K-1's? Under what circumstances would we need to file a schedule E?
Once the business taxes are done, I imagine that I need to file personally my 1040 and any other associated forms. So, will I file a schedule C for my business expenses that involve only myself and not my partner (auto expenses, professional fees, meals and entertainment, etc. . . )? Along the lines of this question, I was the owner of a single member LLC for 4 months in 2016. Will I need 2 separate schedule C's then? One for my pass through income from the LLP and one for the single member LLC?
Thank you
Eric