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Shareholder K-1 to Form 1040

Summary

Individuals who are shareholders in an S corporation receives a Schedule K-1 reporting their share of the corporation’s income, deductions, credits, etc. The information provided on Schedule K-1 is important to the correct completion of the shareholders individual income tax return. This webinar provides you with the knowledge to report items from Schedule K-1 onto the shareholder’s individual income tax return.

Objectives

Upon completion of this course, you will be able to:

  • Identify the elections made at the shareholder level (versus the ones made at the S corporation level).
  • Describe the various items reported on Schedule K-1.
  • Report Schedule K-1 information on the shareholder’s return.

Course Details

Includes webinar recording, PowerPoint presentation and Q&A webinar transcript. CPE is issued after exam is successfully completed.




   

Presented by: Larry Zimbler, MST, EA

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