What is the relationship between the schedule K on form $1065$ and schedule K$-1$ of the partnership.

A$.$

Schedule K$-1$ reports each partner's share of schedule K income.

B$.$

The totals of each line for all partner's schedule K$-1$s must equal the total reported on schedule K$.$

C$.$

You will have a K$-1$ for each partner and that K$-1$ reports the partner's share of schedule K income.

D$.$

All of the above are true.