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Table of Contents.
Taxpayers who are partners in partnerships (or members in LLCs taxed as partnerships) should receive a Schedule K-1 (Form 1065) to report their share of the partnership's income, deductions, credits, etc. You’ll learn how to consider the various elections available and whether they are made by the partner or the partnership as a whole. Finally, you’ll look at certain deductions the partner may have that are not reported on the Schedule K-1.
K-1s for 1065 covers:
Level: Basic level
Author: NATP Staff
Publication Date: 2019
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