Schedule K1-1065

Article ID: 58751  

Schedule K1-1065


Purpose of Schedule K-1

The partnership uses Schedule K-1 to report your share of the partnerships income, credits, deductions, etc. Although the partnership generally is not subject to income tax, you are liable for tax on your share of the partnership income, whether or not distributed. Include your share on your tax return if a return is required.

For more information, see the Instructions for the Schedule K1-1065 on the IRS website.

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