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Yes
Yes
Yes
It's a yes OP. Does K1 even work for K 🙄
Just checked with a former kpmg colleague. He got payed out. So it's a yes.
Leaving the firm ...
No
OP look it up and tell us what you find.
Did he get taxed on that payout like it was a regular paycheck or like it was a bonus (higher tax rate)?
Paid out when leaving the firm or paid out at year end?