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STATE OF NEW YORK TAX APPEALS TRIBUNAL ___ In the Matter of the Petition:of:CLAUDE R. McGAUGHEY, III AND MARY J. McGAUGHEY:DECISION DTA NO. 814265: for Redetermination of a Deficiency or for Refund
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What is mcgaughey iii?
McGaughey III refers to the IRS Form 1065, Schedule K-1, which is used to report income, deductions, and credits from partnerships.
Who is required to file mcgaughey iii?
Any partnership that has to file Form 1065 is required to issue Schedule K-1 (McGaughey III) to report each partner's share of the partnership's income, deductions, and other tax attributes.
How to fill out mcgaughey iii?
To fill out McGaughey III, you need to provide information about the partnership, the partner's share of income, losses, deductions, and other relevant tax information. Each partner should receive their own Schedule K-1.
What is the purpose of mcgaughey iii?
The purpose of McGaughey III is to inform partners of their share of the partnership's income, deductions, and credits so they can accurately report this information on their individual tax returns.
What information must be reported on mcgaughey iii?
The information that must be reported on McGaughey III includes the partner's name, their share of the partnership's income, losses, deductions, capital contributions, and distributions.
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