K-1 Forms

What is a Schedule K-1 form?

A Schedule K-1 is a tax form used to report income, deductions, and credits from partnerships, S corporations, estates, and trusts. It provides detailed information about each partner's or shareholder's share of the entity’s income, gains, losses, and other tax attributes.

When is a Schedule K-1 form typically issued?

• Partnerships: Each partner receives a K-1 to report their share of the partnership’s income, deductions, and credits on their individual tax return.

• S Corporations: Shareholders receive a K-1 to report their share of the S corporation’s income, deductions, and credits.

• Estates and Trusts: Beneficiaries receive a K-1 to report their share of income and deductions from the estate or trust on their individual tax return.

Does Webull provide a K-1 form?

Please be aware that Webull does not issue K-1 forms. These forms are generated and issued directly by the entity. To check document availability and access current or past K-1 forms, you may visit taxpackagesupport.com. For assistance with reporting, consult a licensed tax advisor.