What amount will be reported on Schedule K-1 for a partner in a partnership with total earnings of $100,000 shared equally among five partners?

In a partnership, income is typically divided among the partners according to the partnership agreement. In this scenario, the total earnings of the partnership amount to $100,000, which must be shared equally among the five partners. Each partner's share of the earnings is calculated by dividing the total earnings by the number of partners.

Since there are five partners, each partner would receive an equal share of the total earnings by dividing $100,000 by 5, which results in $20,000. This amount is what will be reported on Schedule K-1 for each partner.

Schedule K-1 is used to report each partner's share of the partnership's income, deductions, and credits. In this case, the $20,000 is the earnings attributed to a single partner and reflects their proportionate share of the partnership’s income for that tax year.