2024 Schedule K-1 Form 1065 Walkthrough

Join our FREE Discord Server:   / discord   Join our Patreon:   / jasondknott   In this video, we do a walkthrough of the Schedule K-1 for a Form 1065 partnership investment. We look at each income & deduction item and show you where these would be reported on the Form 1040 for our taxpayer. See our Form 1065 playlist for more tutorials:    • Form 1065 (Partnership Tax) Tutorials   0:00 Intro and Background on Fact Pattern 2:59 Line 1 Ordinary Income with Form 8582 & Schedule E 7:45 Interest & Dividend income & Schedule B 10:20 Capital Gains on Schedule D 12:43 Box 13 Deductions & Schedule A 18:09 Foreign Source Income & Credits Schedule K-3 & Form 1116 23:26 Tax Exempt Interest Income 27:13 US Treasury Interest Income 28:26 Partner Basis Worksheet For a larger database of tutorials, please visit our website and search for your question: https://knottlearning.com/ DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. #ScheduleK1 #Form1065 #Taxes