Understanding K1 Income
Building off your knowledge of different types of self-employed borrowers and business entities, this series discusses how to qualify borrowers with income listed on K1 documents, and where to look to know K1s are required.
Understanding K1 Income: Introduction to IRS Schedule K1s
Module 1 of 6
This series discusses how to qualify borrowers with income listed on K1 documents, and where to look to know K1s are required.
Understanding K1 Income: Finding out if your borrower has K1s
Module 2 of 6
Understand how to find K1s after viewing borrowers’ Schedule E, Supplemental Income and Loss.
Understanding K1 Income: Why are K1s required?
Module 3 of 6
Learn about why borrowers business income needs to be analyzed.
Understanding K1 Income: Partnership 1065 K1
Module 4 of 6
Explore the Partnership 1065 K1 source document for income or loss reported on Schedule E.
Understanding K1 Income: S Corporation 1120 K1
Module 5 of 6
Explore the S Corporation 1120 K1 source document for income or loss reported on Schedule E.
Understanding K1 Income: Check Your Answers
Module 6 of 6
Now that you’ve completed this course, verify your answers.