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M2 Bmw Form

M2 Bmw Form

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Instructions and help about 1120 m 2

all right for this video I wanted to go through a schedule K1 walkthrough for a form 1120s S corporation so we've got a sample K1 here for our shareholder John Smith he's a 20% shareholder in an esort so we've got his K1 and we've also got his form 1040 uh so we can look at all the items on the K1 and see how those get transferred over to his individual tax return so the K1 includes page one uh which has a number of items filled in others that don't apply are left blank and then we've also got some supplemental information here that's included with the K1 package we've got a a loan statement on shareholder loans to the S corporation we've got the qbi information from section 199 cap a we've got a basis worksheet for our taxpayer here John Smith and then we've also got the K3 notification which lets the shareholder know that we are not going to be receiving a schedule K3 all right and then lastly we&

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