How to Report a K-1 Statement on a 1040 Form | Sapling
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How to Report a K-1 Statement on a 1040 Form | Sapling
Investors in general or limited partnerships, S-corporations, limited liability companies, and even some exchange-traded funds (ETFs) receive a Schedule K-1. This document conveys dividends, losses and earnings to each partner for the prior fiscal year. This must be reported as income to the IRS.
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