May 2024

About Schedule K-1 Form 1065, Partner’s Share of Income, Deductions, Credits, etc Internal Revenue Service

Don’t reduce the amount of the allowable deduction for any portion of the credit that was passed through to the partnership from another pass-through entity. Interest expense paid or incurred during the production period of designated property must be capitalized and is governed by special rules. For more details, see Regulations sections 1.263A-8 through 1.263A-15. […]

About Schedule K-1 Form 1065, Partner’s Share of Income, Deductions, Credits, etc Internal Revenue Service Read More »

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