Foundations on Demand

Understanding K1 Income

Building off your knowledge of different types of self-employed borrowers and business entities, this series discusses how to qualify borrowers with income listed on K1 documents, and where to look to know K1s are required.

Introduction to IRS Schedule K1s

Finding out if your borrower has K1s

Why are K1s required?

Partnership 1065 K1

S Corporation 1120 K1

This series discusses how to qualify borrowers with income listed on K1 documents, and where to look to know K1s are required.

Download Workbook Download Answer Key

Understand how to find K1s after viewing borrowers’ Schedule E, Supplemental Income and Loss.

Learn about why borrowers business income needs to be analyzed.

Explore the Partnership 1065 K1 source document for income or loss reported on Schedule E.

Explore the S Corporation 1120 K1 source document for income or loss reported on Schedule E.

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