How Bench can helpįiling taxes may be the finish line, but bookkeeping is the marathon that gets you there. Schedule K-1 of Form 1120S, which must be filed by the owners of S corporationsĪlthough these forms are similar, in this guide we’ll focus exclusively on Schedule K-1 of Form 1065, to be filed by partnerships.Schedule K-1 of Form 1041, which must be filed by beneficiaries of trusts or estates.There are actually two additional forms that the IRS calls ‘Schedule K-1’: (That is, it hasn’t filed Form 8832 or Form 2553.)
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