What return does K-1 go with? Personal Federal and State?

simonesbauer · ‎May 31, 2019

NOt sure if K-1 goes with personal Federal and State or ?

AnnaB · ‎May 31, 2019

Yes, if you received a K-1, this is reported with your personal tax return.

In order to prepare a Form K-1 to distribute to investors, then you are required to file a business return.

Note: Your income is generally taxed on both Federal and State, unless your state has a specific exemption.

AnnaB · ‎May 31, 2019

Yes, if you received a K-1, this is reported with your personal tax return.

In order to prepare a Form K-1 to distribute to investors, then you are required to file a business return.

Note: Your income is generally taxed on both Federal and State, unless your state has a specific exemption.

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