Where to Report Schedule K-1 on Form 1040 - eTax.com®
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Where to Report Schedule K-1 on Form 1040 - eTax.com®
To report the income or loss from a Form K-1 depends on whether the business had a gain or loss, and whether or not the earnings were derived from passive investment or active participation in the company. In most cases, ordinary pass-through income (or loss) from a partnership, LLC or S corporation goes on Schedule E, Line 28. However, if the ...
Apr 9, 2022
Tax Tips for 2020
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