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February 1719, 2012 Dallas TXSectionRound 1Round 2Round 3Round 4Round 5Round 6Round 7K 1stSatG/30 10:15 Amati/30 1:00 IMSaT/30 3:15 IMSaT/30 5:30 sung/45 10:00 Samsung/45 1:00 sung/45 3:45 primary
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K-1 is a tax form used by partnerships and S-corporations to report the taxpayer's share of the business's income, deductions, and credits.
Partnerships and S-corporations are required to file K-1 forms to report the income of their partners or shareholders.
The K-1 form should be filled out by the partnership or S-corporation and provided to each partner or shareholder for inclusion on their individual tax return.
The purpose of K-1 forms is to report each partner's or shareholder's share of the business's income, deductions, and credits for tax purposes.
K-1 forms must report the partner's or shareholder's share of income, deductions, credits, and other tax-related information as determined by the partnership or S-corporation.
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