Can some one help me with the definition of K1 earnings when it comes to. Taxes .... I think ...?

Question

The question is does your company receive K1 earnings.... I don't know what the deffinition of K1 is....

Answer 1

A K-1 is a report to the owner/beneficiary of a partnership, S-corp or a trust. It will list the share of income and deductions, etc. that the owner must report on their tax return for the year.
If a company is an owner of a partnership or S-corp it would receive a K-1 for the year and it would include the income in their return for the year.