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Indiana Shareholder's/Partner's Share of IN AGI, Deductions, Modifications and Credits
Extracted from PDF file 2023-indiana-schedule-in-k-1.pdf, last modified June 2020Shareholder's/Partner's Share of IN AGI, Deductions, Modifications and Credits
IT-20S/IT-65 2023 Schedule IN K-1 State Form 49181 (R23 / 8-23) Pass-through entities with more than 24 IN K-1s must file electronically Indiana Department of Revenue Shareholder’s/Partner’s Share of Indiana Adjusted Gross Income, Deductions, Modifications, and Credits Tax Year Beginning 2023 and Ending Name of S Corporation/Partnership Federal Employer Identification Number Distributions - Provide Schedule IN K-1 to each shareholder/partner. Enclose Schedule IN K-1 with Form IT-20S/IT-65 return. Part 1 – Shareholder/Partner’s Identification Section 1. Shareholder/Partner Name Check if amended 3. Shareholder/Partner Federal Pro Rata Percentage 2. Shareholder/Partner FEIN or Social Security Number . 4. If the partner is a disregarded entity (DE), enter the partner’s: a. Name % b. FEIN 5. What type of entity is the partner? 6. Shareholder/Partner State of Residence or Commercial Domicile 7. Indiana County of Principal Employment 2-digit code 9. Payer’s FEIN 8. Payer’s Name 10. Pass Through Entity Tax__________________________________________________________ 10 .00 11. IN State Tax Withheld____________________________________________________________ 11 .00 12. IN County Tax Withheld __________________________________________________________ 12 .00 Part 2 - Pro Rata Share of Indiana Pass-through Tax Credits from S Corporation/Partnership Column A IT-20S/IT65 FEIN if Credit is from IN K-1 Column B Certification Year Column C Certification/Project/PIN Number Column D Tax Credit Code Column E Amount Claimed 1. .00 2. .00 3. .00 4. .00 *24100000000* 24100000000 Part 3 - Distributive Share Amount (use apportioned figures for nonresident shareholders/partners) 1. Ordinary business income (loss)__________________________________________________ 1 .00 2. Net rental real estate income (loss)________________________________________________ 2 .00 3. Other net rental income (loss)____________________________________________________ 3 .00 4. Guaranteed payments (for IT-65 filers only; if filing IT-20S, skip to line 5) _______________ 4 .00 5. Interest income________________________________________________________________ 5 .00 6. Ordinary dividends_____________________________________________________________ 6 .00 7. Royalties_____________________________________________________________________ 7 .00 8. Net short-term capital gain (loss)__________________________________________________ 8 .00 9. Net long-term capital gain (loss) __________________________________________________ 9 .00 10. Net IRC Section 1231 gain (loss)__________________________________________________ 10 .00 11. Other income (loss)____________________________________________________________ 11 .00 12. IRC Section 179 expense deduction_______________________________________________ 12 .00 13. a. Portion of expenses related to investment portfolio income, including investment interest expense and other (federal nonitemized) deductions (see instructions)__________________ 13a b. Other information from line 20 of federal K-1 related to investment interest and expenses not listed elsewhere (see instructions)_______________________________________________ 13b 14. Total pro rata distributions. Add all positive amounts on lines 1 through 11. See instructions for lines 12, 13a, 13b, and if you reported negative amounts on lines 1 through 11.___________ 14 .00 .00 .00 Part 4 - State Modifications Add or subtract the following. Designate the distributive share amount of each modification for Indiana adjusted gross income from line 2 on the front of Form IT-20S/IT-65. For nonresidents, apply apportioned figures. (Use a minus sign to denote negative amounts.) 1. State income taxes deducted_____________________________________________________ 1 .00 2. Net bonus depreciation allowance_________________________________________________ 2 .00 3. Excess IRC Section 179 deduction ________________________________________________ 3 .00 4. Interest on U.S. obligations_______________________________________________________ 4 .00 5. Addback/Deduction__________________________________________ Code No. 5 .00 6. Addback/Deduction__________________________________________ Code No. 6 .00 7. Addback/Deduction__________________________________________ Code No. 7 .00 8. Total distributive share of modifications (see instructions)_______________________________ 8 9. Add Part 3, line 14, to Part 4, line 8. See instructions for reporting on Schedule PTET, Schedule Composite, and/or Schedule Composite-COR. ___________ Adjusted Gross Income *24100000000* 24100000000 9 .00 .00
Schedule IN K-1
More about the Indiana Schedule IN K-1 Corporate Income Tax TY 2023
Provide IN K-1 to each shareholder/partner. Enclose IN K-1 with IT-20S/IT-65 return.
We last updated the Shareholder's/Partner's Share of IN AGI, Deductions, Modifications and Credits in January 2024, so this is the latest version of Schedule IN K-1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule IN K-1 directly from TaxFormFinder. You can print other Indiana tax forms here.
Related Indiana Corporate Income Tax Forms:
TaxFormFinder has an additional 69 Indiana income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Indiana Schedule IN K-1.
| Form Code | Form Name |
|---|---|
| Schedule IN-DRE | Indiana Disaster Recovery Exemption |
| Schedule IN-CR | Credit Recapture |
| Schedule IN-UBI | Nonprofit Unrelated Business Income |
| Schedule E + Schedule IN Pro | Other Taxes and Nonresident Professional Team Members |
View all 70 Indiana Income Tax Forms
Form Sources:
Indiana usually releases forms for the current tax year between January and April. We last updated Indiana Schedule IN K-1 from the Department of Revenue in January 2024.
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 Indiana Schedule IN K-1
We have a total of six past-year versions of Schedule IN K-1 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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