Which one of the following is not shown on the partnership's Schedule K on Page 4 of Form 1065?
A)The partnership's self-employment income.
B)The partnership's separately stated income and deductions.
C)The partnership's tax preference and adjustment items.
D)The partnership's net operating loss carryforward.

Question

Quizplus · Accepted Answer

The partnership's net operating loss carryforward is not shown on Schedule K. It is reported on Schedule K-1 for each individual partner.

Which One of the Following Is Not Shown on the Partnership's