Is Schedule k-1 and schedule Q the same as an IRA retirement investment?

YvesVelez · ‎June 7, 2019

Cindy0H · ‎June 7, 2019

No, they are not. Schedule K1 is for partnerships, S-corporations, estates, and trusts. Schedule Q is for Real Estate Mortgage Investment Conduits. They are all potential sources of income. An IRA is a retirement plan, actually an Individual Retirement Arrangement.

View solution in original post

Cindy0H · ‎June 7, 2019

No, they are not. Schedule K1 is for partnerships, S-corporations, estates, and trusts. Schedule Q is for Real Estate Mortgage Investment Conduits. They are all potential sources of income. An IRA is a retirement plan, actually an Individual Retirement Arrangement.