A partnership will need to report wages paid to its employees as a separate line item on Schedule K-1 to help partners calculate their QBI deduction.

Name: A partnership will need to report wages paid to its employees as a separate line item on Schedule K-1 to help partners calculate their QBI deduction.
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Question

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Schedule K-1 reports a partner's share of income, deductions, credits, and other tax items from the partnership. Wages paid to employees are not reported on Schedule K-1.

A Partnership Will Need to Report Wages Paid to Its