Hello!
I’m part of a partnership (multimember LLC). 1065 was filed for 2025 and I see it in the business account online. However, it shows partners as “2” but Schedule K1s as “0”.
I checked my 1040 and it does show declared income and taxes from partnership. I also received the K1 for 2025. But Wages and Income Statement shows no Schedule K1 (only W2s and 1099s).
Is it just a delay in processing by IRS? Or did our accountant miss something?
Appreciate anyone’s response here as we’re worried we’ll incur penalties IF Schedule K1s were missed for some reason.
Schedule K1 NOT showing in online IRS
byu/LimpSetting4030 intax
Posted by LimpSetting4030
2 Comments
the IRS system has a hard time with k1s of all sorts, don’t fret over this – if the accountant electronically filed the return, it would be very difficult to file it without the k1s as part of that filing.
I can’t say for sure, but I believe K1s show up later in the year. Right now you mostly just see W2s on the transcripts.