Description
Date:
March 9, 2023Time: 11:00 a.m. Pacific
Duration: 90 minutes
Schedule K-1s report a partner’s share of a business’ profits, losses, deductions, and credits to the IRS. Analyzing K-1s is critical to gain a complete understanding of borrower and guarantor cash flow. This session will explore two of the most common types of K-1s credit unions encounter – S-Corp and LLCs, and teach you how to find and analyze business cash and income that passes through to the owners.
We’ll discuss:
- Distributions
- Contributions
- Section 179 depreciation
- Owner’s equity
- How to analyze multiple K-1s as part of global cash flow
