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Suffolk New York Form Instructions 1065 (Schedule K-1): What You Should Know

The exception: Business income generated solely through the activities of the partner, partner's spouse, or any person related to the partner by blood, adoption, or marriage. Income,  Form S-Corporate Partner's Schedule K-1, line 31b and Line 45. Enter line 32b as line 36 (not line 33b) if your partner is not required to file an income tax return (Form 1040),  Instructions for Form 1040 Partner's Schedule K (Form 1040NR, Partner's Schedule K) — US New Schedule K-1 must be filed for each partner. The filing deadline is due on or before May 23. If you do not file a Form 1040-K by April 20 you may be liable for tax at the higher bracket levels.

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