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Federal Shareholder’s Share of Income, Deductions, Credits, etc.
Extracted from PDF file 2023-federal-1120-s-schedule-k-1.pdf, last modified December 2023Shareholder’s Share of Income, Deductions, Credits, etc.
671121 2023 Schedule K-1 (Form 1120-S) Department of the Treasury Internal Revenue Service / / beginning Part III Shareholder’s Share of Current Year Income, Deductions, Credits, and Other Items 1 Ordinary business income (loss) / 2 Net rental real estate income (loss) 3 Other net rental income (loss) 4 Interest income 2023 ending / Information About the Corporation OMB No. 1545-0123 Amended K-1 For calendar year 2023, or tax year Shareholder’s Share of Income, Deductions, Credits, etc. See separate instructions. Part I Final K-1 13 Credits A Corporation’s employer identification number 5a Ordinary dividends B Corporation’s name, address, city, state, and ZIP code 5b Qualified dividends 14 Schedule K-3 is attached if checked . . . . . 6 Royalties 15 Alternative minimum tax (AMT) items 7 Net short-term capital gain (loss) 16 Items affecting shareholder basis 17 Other information C IRS Center where corporation filed return 8a Net long-term capital gain (loss) D Corporation’s total number of shares 8b Collectibles (28%) gain (loss) Beginning of tax year End of tax year Part II . . . . . . . . . . . . 8c Unrecaptured section 1250 gain 10 E Shareholder’s identifying number F Shareholder’s name, address, city, state, and ZIP code G Current year allocation percentage . H . . Net section 1231 gain (loss) Other income (loss) % 11 Section 179 deduction 12 Other deductions Shareholder’s number of shares Beginning of tax year End of tax year I 9 Information About the Shareholder . . . . . . . . . . . . . . . . . $ . . . . . $ Loans from shareholder Beginning of tax year . . For IRS Use Only End of tax year 18 More than one activity for at-risk purposes* 19 More than one activity for passive activity purposes* * See attached statement for additional information. For Paperwork Reduction Act Notice, see the Instructions for Form 1120-S. www.irs.gov/Form1120S Cat. No. 11520D Schedule K-1 (Form 1120-S) 2023
2023 Schedule K-1 (Form 1120-S)
More about the Federal 1120-S (Schedule K-1) Corporate Income Tax Tax Credit TY 2023
We last updated the Shareholder’s Share of Income, Deductions, Credits, etc. in January 2024, so this is the latest version of 1120-S (Schedule K-1), fully updated for tax year 2023. You can download or print current or past-year PDFs of 1120-S (Schedule K-1) directly from TaxFormFinder. You can print other Federal tax forms here.
Related Federal Corporate Income Tax Forms:
TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal 1120-S (Schedule K-1).
| Form Code | Form Name |
|---|---|
| Form 1120-S | U.S. Income Tax Return for an S Corporation |
| 1120 (Schedule G) | Information on Certain Persons Owning the Corporation's Voting Stock |
| 1120 (Schedule M-3) | Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million or More |
| 1120-S (Schedule M-3) | Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More |
| 1120-S (Schedule B-1) | Information on Certain Shareholders of an S Corporation |
| 1120 (Schedule D) | Capital Gains and Losses |
| 1120 (Schedule O) | Consent Plan and Apportionment Schedule for a Controlled Group |
| 1120 (Schedule H) | U.S. Income Tax Return for Homeowners Associations |
| 1120 (Schedule B) | Additional Information for Schedule M-3 Filers |
| 1120 (Schedule N) | Foreign Operations of U.S. Corporations |
View all 775 Federal Income Tax Forms
Form Sources:
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal 1120-S (Schedule K-1) from the Internal Revenue Service in January 2024.
1120-S (Schedule K-1) is a Federal Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
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 Federal 1120-S (Schedule K-1)
We have a total of thirteen past-year versions of 1120-S (Schedule K-1) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 1120-S (Schedule K-1)
2023 Schedule K-1 (Form 1120-S)
2022 1120-S (Schedule K-1)
2022 Schedule K-1 (Form 1120-S)
2021 1120-S (Schedule K-1)
2021 Schedule K-1 (Form 1120-S)
2020 1120-S (Schedule K-1)
2020 Schedule K-1 (Form 1120-S)
2019 1120-S (Schedule K-1)
2019 Schedule K-1 (Form 1120-S)
2018 1120-S (Schedule K-1)
2018 Form 1120 S (Schedule K-1)
2017 1120-S (Schedule K-1)
2017 Form 1120 S (Schedule K-1)
2016 1120-S (Schedule K-1)
2016 Form 1120 S (Schedule K-1)
2015 1120-S (Schedule K-1)
2015 Form 1120 S (Schedule K-1)
2014 1120-S (Schedule K-1)
2014 Form 1120 S (Schedule K-1)
2013 1120-S (Schedule K-1)
2013 Form 1120 S (Schedule K-1)
2012 1120-S (Schedule K-1)
2012 Form 1120 S (Schedule K-1)
2011 1120-S (Schedule K-1)
2011 Form 1120 S (Schedule K-1)
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