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A taxpayer who receives a Schedule K - 1 ( Form 1 0 6 5 ) typically: Is the beneficiary of a decedent's estate. Is

A taxpayer who receives a Schedule K-1(Form 1065) typically:
Is the beneficiary of a decedent's estate.
Is an individual who owns shares of common stock in an S corporation.
Holds an interest in a partnership or is a member of an LLC filing as a partnership.
Is drawing income from the partnership that is always self-employment income.

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