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cindi11
February 16, 2025
Question

1065 box F Total Assets blank

  • February 16, 2025
  • 1 reply
  • 0 views

I told TT Business the business assets were $700k but it didn't print that in 1065 Box F.  Can that be left off when the assets are less than $1m?

1 reply

PatriciaV
PatriciaV
February 16, 2025

Yes. Review your answers to the questions beginning on Line 4 of Form 1065. According to the instructions for Form 1065, You aren't required to complete item F if the answer to Schedule B, question 4, is “Yes.”

 

The four criteria to exclude the amount on Line F do include total assets of less than $1 million.

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