Get IRS Instruction 1065 - Schedule K-1 1995
Erences are to the Inter nal Revenue Code unless otherwise noted. General Instructions Purpose of Schedule K-1 The partnership uses Schedule K-1 to report your share of the partnership s income, credits, deductions, etc. Keep it for your records. Do not file it with your tax return. The partnership has filed a copy with the IRS. Although the partnership is not subject to income tax, you are liable for tax on your share of the partnership income, whether or not distributed. Include your share.
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