2023 IRS Form 1120-S Schedule K-1 Walkthrough

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In this video, we walk through Schedule K-1 for a Form 1120-S "S" corporation. We look at each income & deduction item and show you where these would be reported on the Form 1040 for our taxpayer.

Additional Playlists with Other Tutorials

0:00 Intro and Background
2:58 Information on Corporation & Shareholder
4:07 Line 1 Ordinary income & Schedule E
6:14 Interest Income & Schedule B
7:05 Dividend Income & Schedule B
7:57 Capital Gains and Schedule D
8:32 Line 12A Charitable Contributions & Sch A
9:34 Line 16E Repayment of Loans & Form 7203
12:08 Shareholder Health Insurance Deduction
13:41 QBI Deduction & Form 8995
14:55 Shareholder Basis Worksheet
16:10 Schedule K-3 Notification

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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

#Form1120S #ScheduleK1 #Scorporation
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Wow. You must really like taxation to do as many videos as you do. (Thumbs up!)Thanks.

eac
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You are the man. This exactly what I was looking for! Thank you!!

TheSavingSecret
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All your videos are very useful and with full of information. I look forward to your videos. Thanks a million 🙇‍♀️.

ssaxenacpa
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Love this dude. Thank you. Simply fantastic content

st-tube
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I keep learning with your videos, thank you!!🙏

salpremiers
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Hi, any idea how deal with Box 17 code AJ, but there are 2 AJ values. Please help. Thank you.

lenz-xbjt
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How come John doesn't get W2? Is this ordinary income subject to SE tax then? thanks!

TeamLA
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What does this mean
(Your tax return is still being processed. A refund date will be provided when available. For more information about processing delays, please see our Refund Frequently Asked Questions.)

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