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Get And Sign Schedule K 1 Form N 35 Rev Shareholder's Share Of Income, Credits, Deductions, Etc Forms 2017-2021

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yo yo yo CPA strength back again strongest CPA guy anyway we're gonna do we're gonna talk about Kate ones right now we're just gonna talk about what it is where it comes from comes from a pass-through entity big pass-through entities are s corpse and partnerships we're gonna focus we're going to focus on k1 from an S corp today an 11 20s okay now it's called 1120 s and S Corp I should put escort escort is a pass-through entity meaning the entity itself doesn't doesn't pay taxes on the income or loss it passes through to the shareholders and it passes through via a k1 so I'm going to show you one second but you're gonna have you're gonna have your 1120s tax return and then it's gonna then the shareholders are going to get K ones from from the income or loss from the pass-through entity from the 11 20s and those K ones are going to go through to the to the shareholders personal tax returns so let's go we have 11 20s it files its own tax rate it's gonna file its own tax return so we have

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