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hey guys and welcome back we're going to continue to build off of our prior video example where we filled out a form 10 at 65 we're going to carry that over into this schedule k-1 you're gonna have to fill out a separate schedule k-1 for each partner that's in your business for our example we're just doing a simple general partnership LLC that has two partners in it each 50 50 owners in the profits or the losses cash-based accounting method so just to do a quick overview if you guys are doing cash accounting and you're just a simple LLC you're not gonna have to fill out the large majority of this particular form so part one you're probably have to fill out three of the four boxes part two you're probably gonna have to fill out maybe about half of these things and then part three you're probably only gonna have to fill out about two three or four of these particular boxes and again if you're a more complicated business that has foreign transactions or foreign entities or you're a public

Version Form Popularity Fillable & Printable
FCC 601 Schedule K 2015 4.7 Satisfied (171 Votes)
FCC 601 Schedule K 2011 4.6 Satisfied (109 Votes)

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