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 Schedule K 1, Form N 20, Rev , Partner's Share of Income 2020

Hawaii N 20 2020-2025 Form

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in this presentation we will take a look at part 19 of our partnership comprehensive problem this time looking in on the schedule K ones here we are on our format 1065 and the first page of the 1065 reporting the income for the partnership now this is going to be a flew through entity therefore we're not typically going to be paying the taxes on on the federal income tax side on the partnership level but rather letting this information flow through with the use of the schedule K ones to the individual tax returns so each individual partner will then be taking this reporting it on their actual form 1040 for that we need to take a look at this schedule K ones so we're in the schedule k-1 now if i scroll down to the schedule k-1 on the left-hand side we should have the the break out of the profit sharing so we don't have that here I'm gonna go and input that now we need to break out the profit sharing so I'm going to go back to our data input I&

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