Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Schedules K-1 and Rental Income Workout

Schedule K-1

Skills Warm Up: Schedule K-1

Question 1 of 2

True or False? Royalty income is in scope for the VITA/TCE programs only when the source document of the royalty income is reported on Schedule K-1 or Form 1099-MISC, Box 2, Royalties, with no associated expenses.

True  |  False


Publication 4491 Income - Schedules K-1 and Rental

Publication 4491 Income - Schedules K-1 and Rental