Get Schedule 2k-1. Beneficiary's Massachusetts Information

As explained by the IRS, Form 1065 Schedule K-2 reports items of international tax relevance and is an extension of the Form 1065, Schedule K. In general, the Form 1065 Schedule K-3 reports a partner's distributive share of items of international tax relevance and is an extension of the Form 1065 Schedule K-1.

This form allows individuals to report eligible deductions and credits accurately, ensuring that they receive the applicable tax benefits. Wisconsin residents or nonresidents with Wisconsin income: If you are a Wisconsin resident or a nonresident with Wisconsin income, you will likely need to fill out schedule 2k 1.

Similar to federal Schedule K-1, an estate or trust uses Schedule 2K-1 to report to you your share of the estate's or trust's income, deductions, etc. Lines 1 through 12 coincide with federal Schedule K-1.

Business partners, S corporation shareholders, and investors in limited partnerships and certain ETFs use Schedule K-1 to report their earnings, losses, and dividends.

Use Schedule 2K-1, Beneficiary's Massachusetts Information, to report a beneficiary's share of in- come, deductions, and credits from a decedent's estate or a trust. Grantor-type trusts do not use Schedule 2K-1 to report the income, deductions or credits of the grantor or other person treated as the owner.