Do I have to add my beneficiary share to my taxes as income?

How to add a schedule K-1 to taxes?

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Do I have to add my beneficiary share to my taxes as income?

If you're asking if you are the beneficiary and if you have to add the K-1 to your income tax return, yes, you have to report all income on your income tax return(s).

Schedule K-1s are a federal tax document used to report income from pass-through entities including partnerships, S corporations, estates, trusts and LLCs.

How to enter Form K-1 with TurboTax Online

How to enter Form K-1 with TurboTax CD/Download

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