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Is Schedule K the same as Schedule K-1?
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Is Schedule K the same as Schedule K-1?
Not really.
Schedule K-1can be issued by a trust, estate (1041). an S corporation, or a multi-member LLC/partnership.
Schedule K is part of the returns for corporations (Forms 1120 and 1120-S) and multi-member LLCs/partnerships (Form 1065).
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