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have you seen this statement this is known as a k1 statement if youre thinking about becoming a business owner or you just want to be an investor this statement is absolutely crucial for you to understand the mechanics of how it works and what it does and thats what were going to cover in this short video and this topic was suggested by dave a longtime subscriber of the channel dave thanks so much for the topic suggestion ive been wanting to do this one for a while and your comment was a great reminder that i needed to do so so thank you so much sir hi my name is mike and my passion is helping people learn how to operate more like a business owner or investor to grow their wealth while learning how taxes work first of all what is a k1 well i can tell you that its not a statement that it eventually evolves into a k9 because that would be pretty cool a k1 is an irs tax form statement that comes from an entity uh but not this kind of entity like the entity in the movie it follows and