U Mark for follow up Question 49 of 75. Schedule K-1 (Form 1065) is used to report Each partner's share of the partnership's income, deductions, and credits The partnership's income, deductions, and credits. Each partner's share of net income after adjusting for deductions and credits reported elsewhere. The partnership's net income after adjusting for deductions and credits reported elsewhere. Department of CODOOD estion 50 of 75. unlike a limited liability company (LLC), C corporations are required to do all of the following EXCEPT: Assign formal officer roles. Hold annual meetings. File articles of organization with the state. Record company minutes and resolutions Mark for follow up Summary Next >> Save / Return Later Back