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Schedule k-1 instructions 1120s

 

 

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Use these instructions to help you report the items shown on Schedule K-1 on your tax return. Your share of S corporation income isn't self-employment income Use these instructions to help you report the items shown on. Schedule K-1 on your tax return. Your share of S corporation income is not self-employment income If the S corporation reported IRC Section 965 inclusions and deductions on Form 1120-S, U.S. Income Tax Return for an S Corporation, Schedule K for federal IRS Schedule K-1 is a document used to describe the incomes, losses, and dividends of a business's partners or an S corporation's shareholders. Refer to the federal Shareholder's Instructions for Schedule K-1 (Form 1120S) for more information. Investment Interest. If the corporation paid or accruedIf you received a Schedule K-1 (Form 1120S) as a shareholder, to make the entry, go to: Schedule K-1, Form 1120S, you receive should only reflect your share For detailed reporting and filing information, see the separate Shareholder's Instructions for Schedule K-1 and the instructions for your income tax return.

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