What is a K-1 and How is it Used for Taxes in Private Real Estate?
A K-1 form is a tax form used to report the incomes, losses, and dividends of a business’s partners or an S corporation’s shareholders. K-1 forms are issued by partnerships, S corporations, estates, and trusts. The recipient of the income, loss, or dividend is responsible for reporting it on their federal tax return. Investors in … Read more