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Printable Form Schedule K-1 (1065-B) New Orleans Louisiana: What You Should Know

The Form K-1 allows the partner or partners in a partnership or company to use that information to determine if the partner or partners should file a return, pay an estimated tax, or take an estimated tax credit. A Schedule K-1 can be filled out and completed electronically. It can also be filled out by mail, fax, or in a simple computer file. There is a form for each member of an individual or joint return. If you are a partnership or company with partnership partners, see the Partnerships & Tax Shelter Information section in Louisiana Publication No. 577 for more information. The Schedule K-1 does not list the partner's income or the partnership items that should be reported. It only lists the source of your partner's total income. Your partner does have to fill this form out. However, if the partner is responsible for filing the partnership return, they must fill out the Schedule K-1.

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