Schedule K
Schedule B Form 1120S: Answer the question on schedule B.
Complete Schedule K Form 1120S with the profit or loss from page 1. If you have rental properties, you would enter the profit or loss on Schedule K. Interest income and royalties income would go on schedule K.
Interest expenses and royalties’ expenses would go on schedule K under deductions section.
The video illustrates how to complete Schedule K (Form 1120S for 2020.
To enter your business income and complete Form 1125A Cost of Goods Sold: 2020 Form 1120S-1
To enter your business expenses on page 1 of Form 1120S, 2020 Form 1120S-2
To download 2020 IRS Form 1120S, Schedule K-1 (Form 1120S), and instructions: https://ninasoap.com/categories/2020-federal-tax-forms-and-instructions/
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