Schedule K-1 Info onto 1040

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  • September 2, 2014 at 3:27 pm #188353
    Anonymous
    Inactive

    I’m pretty sure my tax teacher taught me this in college but…

    How does a share of a partner’s profits get onto the taxpayer’s 1040? I don’t see the appropriate line on the form? It doesn’t go through the schedule C right?

    SMH…I guess I’m not the only accountant that struggles with basic taxation…

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  • September 2, 2014 at 3:40 pm #596193
    Anonymous
    Inactive

    Line 17.

    September 2, 2014 at 3:50 pm #596194
    Anonymous
    Inactive

    Oh, I see it now. It even has the word partnership right there. Thanks.

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