PIU K1 1065 form Anyone know exactly what it means?

oldschool87

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5:50p, 1/8/25

AG

Nobody can seem to tell me exactly what the numbers mean.

Yea, I can put it in a tax form and it figures it out. But whats left? 1 year looks like sell to cover, next year makes no sense.

one safe place

Joined: Apr 28, 2022

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6:34p, 1/8/25

What is PIU?

1

oldschool87

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In reply to one safe place • 3:44p, 1/9/25

AG

one safe place said:
What is PIU?

Exactly..

Profit Interest Unit. It's a share of stock, which is actually a % of profits or loss.

Fireman

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6:25p, 1/9/25

AG

A PIU K-1 is a Schedule K-1 form that reports the share of a profits interest unit (PIU) holder's income, deductions, and credits in a partnership. PIU holders are treated as partners for tax purposes and receive a K-1 form instead of a W-2.

2wealfth Man

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In reply to oldschool87 • 6:58p, 1/9/25

AG

oldschool87 said:
Nobody can seem to tell me exactly what the numbers mean.

Yea, I can put it in a tax form and it figures it out. But whats left? 1 year looks like sell to cover, next year makes no sense.

interesting, does this enterprise have a non Dec 31 tax year.