Question

S corporations are taxed in a manner similar to partnerships, and estates and trusts. That is, they generally pay no tax themselves, but pass the income, losses, deductions, and credits through to the shareholders. Which form or schedule should be provided to the shareholder?
Schedule E (Form 1040).
Schedule K-1 (Form 1041).
Schedule K-1 (Form 1065).
Schedule K-1 (Form 1120-S).

Answer 1

Schedule K-1 (Form 1120-S).

This is the K-1 S corporations provide to each shareholder (and file with the IRS) showing their share of income, losses, deductions, and credits. Shareholders then report those items on their Form 1040 (often via Schedule E).