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How complicated or simple is a K-1 form?
It could vary. It would really depend on the partnership and the underlying activity of the partnership. If the partnership is an operating company that provides goods and services and has wages and expenses, then the K-1 is very complicated with lots of different information being presented.
If the partnership is relatively passive, such as an investment company, the K-1 could be relatively simple and might just show dividends earned during the year or rents collected during the year.
Americans Overseas can help you with questions about K-1 form for taxes
Americans Overseas offers a large independent network of US tax accountants and financial planners, specialized for Americans living abroad. Based on your personal situation, we provide information and introduce you to the appropriate expert in our Americans Overseas network, free of charge and free of any obligation.