The item that does not appear on schedule k of form 1120s is Tax-exempt interest income.
What is contained in Schedule K-3 (Form 1120-S)?
The schedule contains the Shareholder's Share of Income, Deductions, Credits, etc.
However, when computing tax return, the item that does not appear on schedule k of form 1120s is Tax-exempt interest income.
Read more about Taxation
brainly.com/question/26479536
#SPJ1
