Items that are not required to be shown on the partners' Schedules K-1 include AMT adjustments and preferences and taxes paid to foreign countries, as AMT and the foreign tax credit are calculated by the partnership.

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AMT adjustments, preferences, and foreign taxes paid must be reported on the partners' Schedules K-1, as these items affect the individual partner's tax calculations, not the partnership's.

Items That Are Not Required to Be Shown on the Partners