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Instructions for Form 1120 S Schedule K 1

Instructions for Form 1120 S Schedule K 1

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hey everyone i'm bradford with the penn pennsylvania personal finance first make sure hit that like button so we know to make more videos like it in this video i'm going to be walking you through how to fill out the irs forms schedule k-1 which is part of your 1065 partnership informational tax return you're required to file each year now for the k1 you're required to file as well as issue one for each member of the partnership so let's jump into this form and walk you through from start to finish all right so here we have the schedule k1 which is in addition to your 1065. so kind of going through from top to bottom you're only going to select final k1 if you were closing out your business and this is the last one that is being issued to the members of your partnership amending k1 is obviously if something changes and you're trying to change it and refile your forms so put the beginning of the tax here in the end of the tax year f

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Form 1120S
Schedule K-1 Box 17, Code AC

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