Which of the following is not shown on the partnership's Schedule K 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.
E) The partnership's investment (portfolio) interest expense.

Question

Quizplus · Accepted Answer

The partnership's net operating loss carryforward is not shown on Schedule K of Form 1065. Schedule K is used to report the partnership's income, deductions, credits, etc., but net operating loss carryforwards are dealt with at the individual partner level, not on the partnership's return.

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