Skip to main content
Employee
June 8, 2019
Solved

Is Schedule k-1 and schedule Q the same as an IRA retirement investment?

  • June 8, 2019
  • 1 reply
  • 0 views
No text available
Best answer by Cindy0H

No, they are not. Schedule K1 is for partnerships, S-corporations, estates, and trusts. Schedule Q is for Real Estate Mortgage Investment Conduits. They are all potential sources of income. An IRA is a retirement plan, actually an Individual Retirement Arrangement.

1 reply

Cindy0HAnswer
Employee
June 8, 2019

No, they are not. Schedule K1 is for partnerships, S-corporations, estates, and trusts. Schedule Q is for Real Estate Mortgage Investment Conduits. They are all potential sources of income. An IRA is a retirement plan, actually an Individual Retirement Arrangement.