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.
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. Net operating losses are reported on Form 1065, Schedule B-1. The other items listed (self-employment income, separately stated income and deductions, tax preference and adjustment items, investment (portfolio) interest expense) are all shown on Schedule K of Form 1065.

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