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Do I need to report income from Schedule K1-1065 Form?
I report the income from Schedule K1 (Form 1065) using turbotax every year, but I just read the instruction from IRS that "The partnership uses Schedule K-1 to report your share of the
partnership's income, deductions, credits, etc. Keep it for your
records. Don’t file it with your tax return unless you are specifically
required to do so." I have been confused about it.
February 19, 2023
7:54 AM