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Week 12 Day 1 Kristy Chimera Case Croft Nichole OswaldTitle: Factoring Using the Distributive Property. Grades 912 Math A reviewMaterials:Whiteboard/Chalk boardWhiteboard markers/chalkWorksheets and
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Form 85 is generally used for reporting income, deductions, and credits related to distributive shares from partnerships, S corporations, or similar entities.
Entities that distribute income to partners, shareholders, or beneficiaries are required to file Form 85.
To fill out Form 85, provide details such as the entity's information, the names and identification numbers of recipients, and the amounts distributed to each recipient.
The purpose of Form 85 is to ensure proper reporting of distributive shares of income, enabling the recipients to accurately report these amounts on their tax returns.
Information that must be reported includes the entity's name and identification number, recipient's name and identification number, and the amount of income or losses distributed.
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