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.

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OWN WORK CAPITALIZED represents the value of work performed for own purposes and capitalized as part of fixed assets.

FSA has several possible meanings, e.g. Flexible Spending Account (employee benefit offered by some companies) or Funding Standard Account.

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