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    kodba's Avatar
    kodba Posts: 1, Reputation: 1
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    #1

    Jan 7, 2009, 12:04 PM
    K-1 income & allocable federal tax
    I received $3,549 in K-1 income { IRD} It also says that there is $2,413 federal tax
    Allocable to beneficiary What does that mean to the K-1 income
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 8, 2009, 08:17 AM
    Schedule K-1 income is normally reported on page 2 of the Schedule E.

    To provide a more detailed answer, I would need to see the Schedule K-1 itself.

    If you want that kind of evaluation, email me at [email protected].
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