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If I am an S-Corp, do I need to fill out a Schedule K-1 or a Schedule C????
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June 4, 2019
2:39 PM
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Business & farm
The S-Corp needs to prepare and file with the IRS Form 1120S. As part of the preparation of that income tax return Schedule K-1 is created "passing through" the corporations activities to its shareholder (you). You then enter the Schedule K-1 information into your own income tax return.
Tom Young
June 4, 2019
2:39 PM