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Business & farm
@nexchap , thanks for the helpful post.
I noticed on the IRS guidance for Schedule k-1 (1065) it said this on the first page: "The partnership uses Schedule K-1 to report your share of the partnership's income, deductions, credits, etc. Keep it for your records. Do not file it with your tax return unless you are specifically required to do so."
Is there a time you don't have to file your K-1 on an individual tax return? Also, when is a separate 8865 required to be filed for a foreign partnership?
Thanks.
-Luke
March 22, 2021
2:26 PM