Which of the following statements about Form K-1 is accurate?

a)  Form K-1 does not indicate the amount of loss that each shareholder may deduct.

b)  Form K-1 indicates the amount of loss that each shareholder may deduct.

c)  Form K-1 indicates the taxable amount of any non-dividend distributions to the shareholder.

d)  Form K-1 is not required to be issued to each shareholder each year.