Publicly Traded Partnership Archives

Knott Learning

TurboTax 2022 Form 1040 – Publicly Traded Partnerships (PTP) Schedule K-1

If an individual invests in a publicly traded partnership (PTP) which reports their allocable share of the income. The individual uses this information to complete their own Form 1040 tax return.

Jason Knott2024-07-04T17:13:00+00:00Tags: Form 1040, PTP, Publicly Traded Partnership, Schedule K-1, TurboTax|

How to File IRS Form 8995 with Publicly Traded Partnership (PTP) Income

If an individual taxpayer receives qualified business income (QBI) during the tax year, the individual can include Form 8995 to calculate their QBI deduction. Investments in PTPs may pass-through QBI information for the taxpayer.

Jason Knott2024-08-30T14:09:54+00:00Tags: Form 8995, PTP, Publicly Traded Partnership, QBI|

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