Items That Are Not Required to Be Shown on the Partners

question 196

True/False

Items that are not required to be shown on the partners' Schedules K-1 include AMT adjustments and preferences and taxes paid to foreign countries, as AMT and the foreign tax credit are calculated by the partnership.

---

Definitions:

Tracks

Physical or digital paths recorded media follows or the specific courses of development or research.

Seek Time

The time it takes for a hard drive’s read/write head to locate the correct track on a disk.

Platters

The circular disks inside a hard drive where data is magnetically recorded and stored.

System Clock

A timing device within a computer that synchronizes and governs the timing of all computer operations.