How to Read and Love a K-1 Tax Form

First of all, what is a K-1 Tax Form?

As part of an IRS income tax filing, the Schedule K-1 tax form is the annual reporting that you will receive from the sponsor in a multifamily syndication. It is similar in purpose to the Form 1099. The syndication LLC files an information return to report their income, gains, losses, deductions, credits, and the K-1 tax form lists the beneficiary’s share of these incomes, deductions, credits.

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