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Printable Form Schedule K-1 (1065-B) Simi Valley California: What You Should Know

Taxpayers should report income received from certain entities (listed below) to their own state's taxing authority, in line 1. For more information on which income is reported to which taxing authority, see Form 1041, U.S. Individual Income Tax Return for Tax Years 2023 and 2017. If reporting this type of income, the taxpayer should include Form 1099-MISC, Miscellaneous Income. The same income (line 1) may have other filing responsibilities and should be reported as appropriate. Income from Sales and Business Gains (Form 1099-DIV), Distributions from Foreign Corporations and S corporations (Form 1120S), Compensation for Services in the Private Placement Markets (Form 1099-Q) and Rental and Leasing of Residential Real Property (Form 1099-SIM).

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