K-1, SCHEDULE Definition

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K-1, SCHEDULE is an IRS form used to report a beneficiarys share of income, deductions, credits, and other items from certain trusts or partnerships.

Learn new Accounting Terms

PROGRESSIVE TAX is an income tax system to where the more income that is made the higher the tax percentage that must be paid.

INTERFUND LOAN is an authorized (usually) short term loan from one fund to another.

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