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The partnerships are responsible for first preparing their annual tax declaration, and in that document are also the K-1 forms.
Those K-1 forms are distributed to each owner, and the owner uses those K-1 forms to properly report their own taxable income or losses on their personal US tax return.
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.
Contact us for more information