Required: 1. Prepare the TNT (1) Form 1065 for 2016, pages 1, 4 and 5 AND (2) Schedule K-1 for Al Sharky (only). You may work in teams of two. Note – For missing information, simply make it up. If a particular line does not apply, you do not need to place a zero on

| April 14, 2018

Required: 1. Prepare the TNT (1) Form 1065 for 2016, pages 1, 4 and 5 AND (2) Schedule K-1 for Al Sharky (only). You may work in teams of two. Note – For missing information, simply make it up. If a particular line does not apply, you do not need to place a zero on the line (leave it blank). 2. Based on the information on Al’s Schedule K-1 and the following additional information, compute Al’s total federal tax liability (income tax, self-employment tax, Medicare surtax) for 2016. No … 

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