2023 Form 1065 Schedule K-1 - Partner Share Of Income Deductions Credits

The Federal Form 1065 Schedule K-1 is used to report a partner's share of items of income, deductions, and credits for the taxable year. This form is issued by a partnership to its partners, who are then required to report the items on their personal income tax returns.

The purpose of Schedule K-1 is to provide partners with a comprehensive summary of their income and expenses for the taxable year. It includes detailed information about each item, such as the amount of the item, the code section under which it falls, and a brief description of the item.

For the current tax year version of Form 1065 Schedule K-1, please go here.