Decoding Your Schedule K-1 (Form 1065): What Do the Codes Mean?
What is a Schedule K-1? Understanding the Basics Navigating the world of taxes can often feel like deciphering a complex puzzle, and for partners in a business, that puzzle often involves the Schedule K-1 (Form 1065). Understanding your K-1 is crucial to accurately reporting your share of the partnership’s income, deductions, credits, and other essential … Read more
