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Schedule K-1: What is it & What Do I Do with It?

 Various
 
2.0
Registration is Open
Member Price
$79.00 Regular Registration
Your Price
$109.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Wed, 11/12/2025 from 10:00 am to 12:00 pm
 Tue, 11/25/2025 from 12:00 pm to 2:00 pm
 Fri, 12/12/2025 from 10:00 am to 12:00 pm
 Sat, 12/13/2025 from 10:00 am to 12:00 pm
Designed For:

CPAs, EAs, and tax professionals working with individual taxpayers receiving Schedule K-1 forms

Prerequisite:

None

This seminar provides a comprehensive overview of Schedule K-1, which taxpayers may receive from pass-through entities such as Partnerships, Subchapter S Corporations, or Estates/Trusts. The course will cover the most common characteristics of Schedule K-1, including how to report the information on Form 1040. Attendees will also learn about the Qualified Business Income (QBI) Deduction and its reporting criteria. Additionally, relevant topics such as basis and loss limitations, material participation, and integration with the QBI deduction will be addressed, along with a discussion of proposed changes to Schedules K-2 and K-3.

*Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to [email protected]

Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Intermediate

Sponsors

For Technical Support: 
Please contact the ACPEN Help Desk at (877) 602-9877, [email protected]   or visit https://vscpa.acpen.com/Support/. The Help Desk is available by phone 24/7, 365 days a year. Allow 1 business day for email

Objectives

  • Define the purpose and structure of Schedule K-1
  • Differentiate between Schedule K-1 forms received from various entities
  • Explain the application of basis limitations, loss limitations, and material participation rules
  • Analyze the integration of Schedule K-1 data with the Qualified Business Income (QBI)
    Deduction
  • Apply reporting requirements for Schedule K-1 on Form 1040
  • Examine case studies to understand common challenges in reporting Schedule K-1
  • Discuss the proposed changes to Schedules K-2 and K-3 and their implications
  • Identify common errors and best practices for handling Schedule K-1 data

 

Speakers

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.