Partnership WXYZ has one limited partner that is a partnersh

Partnership WXYZ has one limited partner that is a partnership, one limited partner that is a corporation, and two individual general partners. How many Schedules K-1 must be filed by partnership WXYZ? One. Two. Three. Four. (Most answers for this question is Four. However, per somewhere in the IRS documents, partnership shouldn\'t include/relate to any corporation.)

Solution

The answer should be three.

As two general partners and one limited partner should be included. A corporation itself is a seprate entity hence must not be included in partnership WXYZ.

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