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

 
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New Member

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

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.

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New Member

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

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