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 Online Ftb State of Ca Schedule K 1 for S Corp Form 2019

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hi my name is gunmeen batcher and today we're going to be talking about how to read schedule k1 so without further ado let's begin now disclaimer alert this is just a general overview of uh of how a scheduled k-1 needs to be read uh information is subject to change depending on the irs's guidelines i am not offering any advice feel free to seek tax advice from outside and perform your due diligence and this uh video presentation might become a little technical at some points which is bear with me okay so what is schedule k1 now schedule k1 is a form that members of a partnership or nest corporation use to report their share of partnerships profits loss deductions and credits now partnerships are passed through entities what do you mean by that it means that they do not pay taxes of their own and those income those the income and the losses from the partnership it gets passed down to its partners who pay the taxes on behalf of the partnership so um the partners a

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