What do I do with a Schedule K-1? k 1 2020 Partner's Instructions for Schedule K-1 (Form 1065) (2021) Jan 13, 2022 — The partnership uses Schedule K-1 to report your share of the partnership's income, deductions, credits, etc. Keep it for your records. Do not ... Learn ...
When you do your business tax return, you also need to fill out a K-1 to give to each of the shareholders (or if it is a partnership return, each of the partners.) This is one of the more complicated parts of the return in my opinion and the IRS certainly does care about this a...