SCHEDULES M – 1 , K , AND K- I TAX YEAR 2017 INCOME GROSS RECEIPTS COSTOF GOODS SOLD 679 575 TAX EXEMPT INCOM (432, 3031 REGULAR INTEREST INCOME…
Prepare Schedules M-1, K, and K-1 (for Blake Turin only) for tax year 2017. See attached set of facts and tax forms. Hint: ordinary income is $140,400. Income reconciliation is $134,000. Link to forms: https://www.irs.gov/pub/irs-access/f1120fm1_accessible.pdf (M-1) https://www.irs.gov/pub/irs-pdf/f1065sk1.pdf (Schedule K-1) https://www.irs.gov/pub/irs-pdf/f1120s.pdf (Schedule K and L) SCHEDULES M – 1 , K , AND K- I TAX YEAR 2017INCOMEGROSS RECEIPTSCOSTOF GOODS SOLD679 575TAX EXEMPT INCOM(432, 3031REGULAR INTEREST […]
