What is Schedule K-1? - Tax & Accounting Blog Posts by …
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WEBAug 16, 2023 · What is Schedule K-1? K-1s are tax forms that are used for business partnerships to report to the IRS a partner’s income, losses, capital gain, dividends, etc., from the partnership for the tax year. With the K-1, a partner’s earnings can be taxed at an individual tax rate versus the corporate tax rate.
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