Question

Which item does not appear on schedule k of form 1120s?

Answer 1

The item that does not appear on schedule k of form 1120s is Tax-exempt interest income.

What is contained in Schedule K-3 (Form 1120-S)?

The schedule contains the Shareholder's Share of Income, Deductions, Credits, etc.

However, when computing tax return, the item that does not appear on schedule k of form 1120s is Tax-exempt interest income.

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