Entering business income. There is a section called "Items you can skip" that say K-1s received. Do I need to enter K1 amount received by share holders from last year?
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1 Best answer
PatriciaV
Expert Alumni
Mar 12, 2025 7:08:42 AM
No. The "K-1s received" topic refers to investments of the S-Corp in other companies. A better description would be "K-1s received from outside investments."
1 Replies
PatriciaV
Expert Alumni
Mar 12, 2025 7:08:42 AM
No. The "K-1s received" topic refers to investments of the S-Corp in other companies. A better description would be "K-1s received from outside investments."