Schedule K-1: What is it & What Do I Do With It?

Overview

This seminar provides a comprehensive overview of Schedule K-1, which taxpayers may receive From pass-through entities such as Partnerships, Subchapter S Corporations, or Estates/Trusts. The course will cover the most common characteristics of Schedule K-1, including how to report the information on Form 1040. Attendees will also learn about the Qualified Business Income (QBI) Deduction & its reporting criteria. Additionally, relevant topics such as basis & loss limitations, material participation & integration with the QBI deduction will be addressed, along with a discussion of proposed changes to Schedules K-2 & K-3.

Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab & submit to kori.herrera@acpen.com