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

Form 1065 Schedule K-1 is used to report a partner's share of the partnership's income, deductions, and credits. This information is then used by the partner to report these items on their individual tax return. The partner's share of income, deductions, and credits can be affected by their share of profits, losses, and capital in the partnership, as well as any other items that need to be allocated to them in connection with their stake in the partnership.

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