[OnToTheNextOne]

Are there any actual differences or is the Schedule K-1 just the more proper name for Schedule Ks?

[Credit Revenue]

K is partnership income.

K-1 is your own share.

For partnerships for example

A - 79 expires 4/30/16 need a pass on REG
B - 78
F - 80
R - 83!!! Can live again!

[monikernc]

sched k is on the 1065 partnership return and the 1120s for s-corps
and reports at the partnership or s-corp level. the k-1's are derived from that info and created for each partner or shareholder.

if you are studying for REG use that thread to post questions. you can google for IRS forms and review them as you study to answer questions like these.

FAR 7/25/15 76!
AUD 10/30/15 93
BEC 2/27/16 82
REG 5/23/16 88!
Ninja Book and MCQ and the forum - all the way!!!
and a little thing i like to call, time and effort!
if you want things to change, you have to do something different

[confusedcandidate]

All of the items on Schedule K go on the owners' K-1. (Conversely of course, the sum of all items on form K-1 are equal to their counterpart on Schedule K.)

Weekends are meaningless to a CPA candidate

[OnToTheNextOne]

That helps a lot thank you

[Author]

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