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What is a Schedule K-1 Tax Form? - TurboTax Tax Tips & Videos

The Schedule K-1 is slightly different depending on whether it comes from a trust, ... For example, if a business earns $100,000 of taxable income and has four ... Similar to a partnership, S corporations must file an annual tax return on Form 1120S. ... $0 federal (for simple tax returns) + $0 state + $0 to file offer only available ...

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