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Video instructions and help with filling out and completing Where to report k1 income on 1040

Lenders 20 questions on pastors and K ones video 3 which k1 passed through income or loss items can or should I use from the 1040 so first where are they well 1040 Schedule E page 2 is the primary place where we see them list the LLC's partnerships and escorts that might be flowing through to the 1040 but you also can see k1 pass-through as interesting come on Schedule B and as capital gains on Schedule D among other places there's always three members in play when we have one of these pass-through entities if we're looking at the personal side it includes the taxable income listed on the back of E and elsewhere or actual cash flow from a k1 and elsewhere in this video series we'll talk about specifically what the formula is for that and what about cash flow available we can take the whole 11 20s or 1065 cash flow the company and figure out this person's share of that well of those three taxable income actual cash flow or cash flow available tax lein comes out it is not cash flow the taxable income figures you see in the 1040 are never cash flow no matter which schedule you find them on no matter how big they might be no matter how consistent they are one year to the next they're not cash flow the choice between actual and available is the choice you as a lender need to make and in others of these videos will cover exactly how to make that choice and then how to calculate if you enjoyed this information and you would like receive all 20 free videos of the top questions lenders ask and should ask about business personal and global cash flow from pass-through and ease along with a copy of my tax return analysis quick reference guide visit the URL on your screen.