1120-S Form Schedule K-1

Definition

Shareholder's Share of Income, Deductions, Credits, etc. This form is used by corporations to report shareholders' share of the corporation's income - reduced by any tax that the corporation paid on that income - as well as deductions and credits. This form is not filed with the shareholder's tax return, as the corporation files a copy with the IRS.
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1120-S Form Schedule D 1120-S Form Schedule M-3