https://ttlc.intuit.com/community/business-taxes/discussion/if-at-the-end-of-last-year-i-was-part-owner-of-a-small-buisness-would-i-have-to-claim-that-on-my/01/3726805#M125864 Fri, 16 Jan 2026 20:56:25 GMT sashaquiroz07 2026-01-16T20:56:25Z https://ttlc.intuit.com/community/business-taxes/discussion/if-at-the-end-of-last-year-i-was-part-owner-of-a-small-buisness-would-i-have-to-claim-that-on-my/01/3726805#M125864 Fri, 16 Jan 2026 20:56:25 GMT https://ttlc.intuit.com/community/business-taxes/discussion/if-at-the-end-of-last-year-i-was-part-owner-of-a-small-buisness-would-i-have-to-claim-that-on-my/01/3726805#M125864 sashaquiroz07 2026-01-16T20:56:25Z https://ttlc.intuit.com/community/business-taxes/discussion/re-if-at-the-end-of-last-year-i-was-part-owner-of-a-small-buisness-would-i-have-to-claim-that-on/01/3726949#M125867 <P>You would likely need to report your share of company income or loss if you were part owner of a business. The only exception might be if you were a shareholder in a "C" or regular corporation. Otherwise, you would likely be a partner in a partnership or a shareholder in an "S" corporation. In either one of those situations, you should receive a Schedule K-1 from the business reporting your share of the company's income, loss and/or other pertinent tax information. You would use that form to make the required entries on your personal tax return.</P> Fri, 16 Jan 2026 23:20:48 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-if-at-the-end-of-last-year-i-was-part-owner-of-a-small-buisness-would-i-have-to-claim-that-on/01/3726949#M125867 ThomasM125 2026-01-16T23:20:48Z