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K-1

The schedule a partnership, S corporation, estate, or trust issues to each owner or beneficiary showing their share of income and deductions.

By Sarah Lindqvist, Staff Writer

Last reviewed September 21, 2026

The schedule a partnership, S corporation, estate, or trust issues to each owner or beneficiary showing their share of income and deductions.

Schedule K-1 is why entity returns are due in March: owners need it to file in April. A late entity return means late K-1s, which means the owners need their own extensions.