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Hawaii tax forms, instructions, and schedules may be obtained at any taxation district office or from the Department of Taxation's website at tax.hawaii.gov, or Filing Instructions for investment club partnership returns are availa- ble in the myICLUB.com Club Tax Printer User's Guide (available in the Taxes tab of yourIRS Schedule K-1 is a document used to describe the incomes, losses, and dividends of a business's partners or an S corporation's shareholders. Important Note to Partners: If your Schedule K-1 (565) reports losses and/or deductions, you must first apply the basis, at-risk, and the passive activity loss Use these instructions to help you report the items shown on Schedule K-1 on your tax return. The amount of loss and deduction you may claim on your tax return attach any Schedule K-1-P issued to you by another partnership of nonbusiness income, see the instructions for Illinois Schedule NB,. Use these instructions to help you report the items shown on Schedule K-1 on your tax return. Your share of S corporation income isn't self-employment income