Do individual club members have to send copies of their
K-1's to the IRS?

Does the Club Treasurer send one with the 1065?

Thanks.

Individuals do not include Schedule K-1 with their 1040.
They just transfer the numbers to the relevant lines and
schedules of their returns.

All of the Schedule K-1s must be attached to the Form 1065
when it is filed with the IRS.

Ira Smilovitz
Lakshmi Investments, LLC

BERTRAM FRANCIS wrote:
> Do individual club members have to send copies of their
> K-1's to the IRS?
>
> Does the Club Treasurer send one with the 1065?
>
> Thanks.