Schedule K-1: What is it & What do I do with it?
Description
Objective
After attending this presentation, you will be able to... Recognize the purpose and structure of Schedule K-1. Differentiate between Schedule K-1 forms received from various entities. Identify the application of basis limitations, loss limitations, and material participation rules. Analyze the integration of Schedule K-1 data with the Qualified Business Income (QBI) Deduction. Apply reporting requirements for Schedule K-1 on Form 1040. Examine case studies to comprehend common challenges in reporting Schedule K-1. Identify Schedules K-2 and K-3 and their implications. Identify common errors and best practices for handling Schedule K-1 data.
Attendee Information
Mary Jane Hourani, MM, EA, NTPI Fellow
Required Knowledge
None
Who Should Attend
Enrolled Agent, CPA, Attorney, Tax Practitioner, Certified Financial Planner
Credit Types
- CPE – Taxes
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.