Schedule K-1 (Form 1120-S)

Schedule K-1 (Form 1120-S)

Shareholder’s Share of Current Year Income, Deductions, Credits, and Other Items

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Schedule K1 for IRS 1120s tax form

What Is Schedule K-1 (Form 1120-S)?

Form 1120-S, U.S. Income Tax Return for an S Corporation, is an informational document that lets the Internal Revenue Service (IRS) know how much income your business made and how much tax you owe.

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