What information does Schedule K-1 provide regarding each partner?

Schedule K-1 is a crucial document used in partnerships and S corporations to report each partner's or shareholder's share of income, losses, deductions, and credits for tax purposes. This information is vital for partners as it directly impacts their individual tax returns.

When a partnership prepares its tax return, each partner's share of the partnership's profits, losses, and tax deductions must be allocated and reported to both the IRS and the individual partners. The K-1 provides a detailed breakdown of these allocations, ensuring that partners have the necessary data to report their income correctly.

The other options do not accurately reflect the primary purpose or content of Schedule K-1. For instance, while details about contributions might be related to partners, they are not the focus of the Schedule K-1. Similarly, details about company meetings, decisions, or projected future earnings are not part of a K-1's reporting. Hence, the correct answer highlights the primary function of Schedule K-1 in providing the essential information for partners' taxation.