Schedule K-1 Form 1065 Tax Return

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  • Опубликовано: 29 окт 2024

Комментарии • 19

  • @JasonDKnott
    @JasonDKnott  8 месяцев назад

    For an updated 2023 version of Schedule K-1: ruclips.net/video/o_ZdEFw2ryU/видео.html

  • @hologrampanda
    @hologrampanda Месяц назад

    This is the video that helped it click. Thank you

  • @brightonmusic
    @brightonmusic 2 года назад +2

    Very informative! Would be great if you could make a video for specifically how to enter the 1065 into Turbtax, especially for small investor.

    • @JasonDKnott
      @JasonDKnott  2 года назад +1

      We will add it to the list of tutorials! Thanks for watching!

  • @synka44
    @synka44 8 месяцев назад

    This is such a helpful video! Thanks for making it 🙂

  • @julieb9630
    @julieb9630 2 года назад +1

    Hi Jason, thanks for the work...
    On the K-1 form, line 8, which shows short-term net capital gains, on which line is transferred to the 1040Nr form. The case is a domestic LLC that obtained profits from the purchase and sale of shares in stock market, and they partners are non-resident aliens.
    I understand from everything I have read and followed videos that they do not pay taxes on that profit, but I do not understand how to fill out the 1040NR form
    please, I appreciate your answer.

  • @Hhan3637
    @Hhan3637 2 года назад +1

    Hi Jason, can you please do a tutorial video on Schedule K-2 & K-3? Thanks!

    • @JasonDKnott
      @JasonDKnott  2 года назад

      Yes! We are working on some K-2 and K-3 videos.

  • @brainage23
    @brainage23 Год назад

    Are K-1 line 19 distributions taxed "on their own"? It seems like they should only be taxable to the extent that they exceed the capital contributed (Sec L). I don't see how the cost basis comes into play. It's like buying stock for $1000, selling it for $1200 and paying tax on the full $1200, even though the gain is only $200. Confused. thx

  • @fah8600
    @fah8600 Год назад +1

    So what about line 14A and 14C? Does 14C gets passed onto the 1040 and reported for the year?

    • @losaguilar2640
      @losaguilar2640 6 месяцев назад

      That’s exactly what I was looking for in the video 😐

  • @evgeniyaderbush2365
    @evgeniyaderbush2365 2 года назад +1

    Hi Jason! How do you calculate ending capital if there were no withdrawals and the business is in loss?

    • @JasonDKnott
      @JasonDKnott  2 года назад

      A partner's capital account reconciliation would be increased by the amount of cash contributed during the year and then decreased by the allocation of the losses to that partner.

  • @drewpickard554
    @drewpickard554 Год назад

    There is alot of information in this video, but there is a huge hole for info online about this. That is a partnership that lost money, it changes a whole lot of things, and they still have to file and dont have the $ most likely to pay for a accountant. I know you have a video saying people like that NEED to file

  • @mariapineda7339
    @mariapineda7339 10 месяцев назад

    Where can I get a pdf of these sample returns so I can study?

  • @ravikacker8102
    @ravikacker8102 2 года назад

    Hi Jason, How do you report from K1 Box 20 Code B - Investment Expense for Tax within 1040. Do we report that in Form 4292 and carry it down to Line 9 in Schedule A to itemize that deduction? Please advise.

  • @patriciaquiroga3305
    @patriciaquiroga3305 Год назад

    GRacias excelente explicación