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Partnerships must file a tax return known as Form 1065. This notifies the IRS as to the company's financial activity throughout the year. Part of

Partnerships must file a tax return known as Form 1065. This notifies the IRS as to the company's financial activity throughout the year. Part of Form 1065 also includes K-1s. What are K-1s? Why are they important to the partners of a partnership?

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