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Business & farm
The IRS gets a copy of your K-1 from the partnership. They only expect your return to properly account for the income and expense entries on the K-1. But your return won't include a copy of the K-1, or any of the box L information.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
March 23, 2022
11:54 AM
4,161 Views