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Alabama Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S)
Extracted from PDF file 2024-alabama-schedule-k-1-form-20s.pdf, last modified August 2019Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S)
SCHEDULE K-1 Reset Form (Form 20S) • Electing Pass-Through Entity *2400062S* AlAbAmA DepArtment of revenue Income tAx ADmInIstrAtIon DIvIsIon shareholder’s share of Income, Deductions, credits, etc. 2024 • Final K-1 SEE INSTRUCTIONS • Amended K-1 Tax year beginning _________________, 2024 and ending _________________, 20_____ PART I Information About the Corporation A Corporation’s Employer Identification Number B Corporation’s name, address, city, state, and zip code PART II PART III Partner’s Share of Current Year Income, Deductions, Credits, and Other Items Distributive share allocated and apportioned to Alabama Distributive share to be reported by Alabama Residents Ordinary income (loss) . . . . . . . . . •H •H2 Net rental real estate income (loss) •I •I2 Information About the Shareholder C •Shareholder’s identifying number RESERVED FOR FUTURE USE D •Name Portfolio income. . . . . . . . . . . . . . . •J •J2 Net capital gain (loss) . . . . . . . . . . •K •K2 Other income (loss). . . . . . . . . . . . •L •L2 Nonbusiness items . . . . . . . . . . . . •M •M2 Section 179 Deduction . . . . . . . . . •N •N2 Contributions . . . . . . . . . . . . . . . . . •O •O2 Investment interest expense . . . . . •P •P2 Other deductions. . . . . . . . . . . . . . •Q •Q2 Oil and gas depletion . . . . . . . . . . •R •R2 Casualty losses . . . . . . . . . . . . . . . •S •S2 Tax-exempt income. . . . . . . . . . . . •T •T2 Nondeductible expenses. . . . . . . . •U •U2 Distributions. . . . . . . . . . . . . . . . . . •V •V2 Investment income . . . . . . . . . . . . •W •W2 Investment expenses . . . . . . . . . . •X •X2 Other items and amounts . . . . . . . •Y •Y2 •Street •City E •State •Zip • Nondeductible 1. •What type of entity is this shareholder? • Nominee 2. Shareholder’s percentage of stock ownership for tax year. . • 3. • Schedule NRA filed 4. Check if owner/shareholder is a nonresident • If a nonresident, provide state of legal residence . . . . . . . . . • F G Entity Apportionment Percentage Alabama Everywhere Sales . . • Total apportionment percentage . . . . . . . . . . . . . • Credits from Schedule PC Code •1. •2. •3. Maximum Allowable Composite Payment/Electing Pass-Through Entity Credit . . . . . . •Z US taxes paid . . . . . . . . . . . . . . . . •AA •AA2 Repayment of loans from shareholders. . . . . . . . . . . . . . . . . . . . . . •AB •AB2 Dividend Distributions from AE&P •AC •AC2 • Nondeductible
Schedule K-1 (Form 20S)
More about the Alabama Schedule K-1 (Form 20S) Corporate Income Tax TY 2024
We last updated the Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S) in February 2025, so this is the latest version of Schedule K-1 (Form 20S), fully updated for tax year 2024. You can download or print current or past-year PDFs of Schedule K-1 (Form 20S) directly from TaxFormFinder. You can print other Alabama tax forms here.
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TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Alabama Schedule K-1 (Form 20S).
| Form Code | Form Name |
|---|---|
| Schedule K-1 (Form 41) | Fiduciary Income Tax Beneficiary Information (K-1) |
| Schedule KRCC | Project/Distributing Entity Share Of Capital Credit |
| Schedule KRCC-I | Recipient’s Share Of Capital Credit For Individual Taxpayers |
| Schedule KRCC-B | Recipient’s Share Of Capital Credit For Business Entities, Including Trusts |
| Schedule K1 (Form 65) | Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1) |
View all 48 Alabama Income Tax Forms
Form Sources:
Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Schedule K-1 (Form 20S) from the Department of Revenue in February 2025.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Alabama Schedule K-1 (Form 20S)
We have a total of four past-year versions of Schedule K-1 (Form 20S) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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