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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16547
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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I invested in a company but I dont work there. Can I file

Customer Question

I invested in a company but I don't work there.
Can I file a K1 form?
Submitted: 3 years ago.
Category: Tax
Expert:  Megan C replied 3 years ago.

MyVirtualCPA :

Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.

MyVirtualCPA :

A K-1 form is used to report a partner's share of income on form 1065 or to report the distribution of income from a trust from form 1041

MyVirtualCPA :

Schedule K-1 is not something you will prepare unless you are a part owner of a business. It will be prepared so that you can claim your portion of income and expenses on your tax return

Expert:  Megan C replied 3 years ago.
Hello Abdou

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