Schedule K-1 — Partner’s/Shareholder’s Share of Income, Deductions, Credits, etc
For taxpayers receiving pass-through income reported on a Schedule K-1, including partnerships, S corporations, trusts, and estates.
This add-on applies when you received one or more Schedules K-1 from a partnership or S corporation. Upload the complete K-1 package, including every supplemental statement, state schedule, and Schedule K-3 when provided.
You may also need to provide prior-year K-1s, basis schedules, contribution and distribution records, shareholder or partner loan information, and records of any ownership changes. Amounts reported on Schedule K-1 are not automatically deductible or taxable in the same manner because basis, at-risk, passive-activity, and other limitations may apply.
This is a form-based add-on charged in addition to your selected tax preparation base service fee. The displayed price reflects the service tier selected during purchase. This add-on is not a stand-alone tax preparation service.
Multiple K-1s, missing basis records, suspended losses, property distributions, ownership dispositions, foreign information, multi-state activity, or complex supplemental statements may require additional forms or services. London’s Tax will explain any revised scope and fee before proceeding.
This is a digitally delivered professional service. No physical product will be shipped. Your Schedule K-1 and supporting information will be reviewed and reported as part of your primary tax preparation service.
Either party may cancel the engagement in writing. Fees for work already performed and any approved costs remain due.
