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Iowa Schedule K-1 - Shareholder’s Share of Iowa Income, Deductions, Modifications
Extracted from PDF file 2023-iowa-form-ia-1120s-shhedule-k-1.pdf, last modified June 2022Schedule K-1 - Shareholder’s Share of Iowa Income, Deductions, Modifications
2023 IA 1120S Schedule K-1 Shareholder’s Share of Iowa Income, Deductions, Modifications tax.iowa.gov Part I: General Information Corporation Information: Legal Name Federal Employer Identification Number (FEIN) Amended K-1 Shareholder Information: Name Address Social Security Number (SSN) or Federal Employer Identification Number (FEIN) Address 2 City State Individual Shareholder’s Entity Type Resident Shareholder ZIP Trust/Estate Nonresident Shareholder Exempt Organization Other Enter Dollars and Cents % Shareholder’s Ownership Percentage........................................................................................................... Shareholder’s share of Iowa Receipts........................................................................................................... 00 Shareholder’s share of Receipts Everywhere............................................................................................... 00 Shareholder’s share of total nonbusiness income ........................................................................................ 00 S Corp Business Activity Ratio (BAR) from IA 1120S, Schedule E, line 13....................................................................................................................... % Yes No Did this S corporation make a Pass-Through Entity Tax (PTET) election for the tax year? Is the S Corporation including additional attachments with this K-1? 42-008a (08/30/2023) 2023 IA 1120S Schedule K-1, page 2 Corporation Name FEIN Shareholder Name SSN/FEIN Part II: Shareholder’s Pro Rata Share Items Completed Iowa Schedule K-1s (including additional attachments) for all shareholders must be included with the IA 1120S Return. (a) Federal/All-source amounts Income/Adjustments 1. Ordinary business income/(loss)............................................. 2. Net rental real estate income/(loss)......................................... 3. Other net rental income/(loss)................................................. 4. Interest income........................................................................ 5. Dividends................................................................................. 6. Royalties.................................................................................. 7. Net short-term capital gain/(loss)............................................ 8. Net long-term capital gain/(loss).............................................. 9. Net section 1231 gain/(loss).................................................... 10. Other income/(loss)................................................................. Total Income. Add lines 1 through 10.......................................... 11. Section 179 deduction............................................................. 12. Charitable contributions........................................................... 13. Investment interest expense................................................... 14. Section 59(e)(2) expenditures................................................. 15. Other deductions. See instructions......................................... Total deductions. Add lines 11 through 15.................................. Balance. Total income minus total deductions.......................... 16. Iowa modifications................................................................... 17. Iowa allocated income (not apportioned on lines 1-16)........... (b) Amounts attributable to Iowa 1 00 00 2 00 00 3 00 00 4 00 00 5 00 00 6 00 00 7 00 00 8 00 00 9 00 00 10 00 00 00 00 11 00 00 12 00 00 13 00 00 14 00 00 15 00 00 00 00 00 00 16 00 00 00 17 Part III: Composite and PTET credits 1. Iowa Composite tax paid on behalf of shareholder on 2023 IA PTE-C............................................. 2. Iowa PTET credits reported to shareholder....................................................................................... 42-008b (08/30/2023) 1 00 2 00 2023 IA 1120S Schedule K-1, page 3 Corporation Name FEIN Shareholder Name SSN/FEIN Part IV: Shareholder’s Portion of Iowa Credits Type of Iowa Credit Certificate Number Current Year Amount 00 00 00 00 00 To The Shareholder: You may have a filing requirement with the State of Iowa, even if you are not a resident. The S corporation is required to file a composite return on behalf of its nonresident shareholders, except under certain circumstances, and should notify you if they have done so. To claim any composite, PTET or tax credits, a return must be filed. Filing information for individuals, corporations, and other entities are provided on our website (tax.iowa.gov) or by calling 515-281-3114 or 800-367-3388. 42-008c (08/30/2023)
IA 1120S Schedule K-1 (42-008)
More about the Iowa Form IA 1120S Shhedule K-1 Corporate Income Tax TY 2023
We last updated the Schedule K-1 - Shareholder’s Share of Iowa Income, Deductions, Modifications in February 2024, so this is the latest version of Form IA 1120S Shhedule K-1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IA 1120S Shhedule K-1 directly from TaxFormFinder. You can print other Iowa tax forms here.
Related Iowa Corporate Income Tax Forms:
TaxFormFinder has an additional 43 Iowa income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Iowa Form IA 1120S Shhedule K-1.
| Form Code | Form Name |
|---|---|
| Form IA 1120S | Income Tax Return for S Corporation |
| Form IA 1120S Instructions | Form IA 1120S/K-1 Instructions |
| Form IA 1120SchF | IA Corporation Schedules F and G |
| Form IA 1120SchH | 1120 Schedule H Computation of Federal Tax Refund/Deduction 42-021 |
| Form IA 1120SchL | 1120 Schedule L Iowa Nexus Adjustment |
View all 44 Iowa Income Tax Forms
Form Sources:
Iowa usually releases forms for the current tax year between January and April. We last updated Iowa Form IA 1120S Shhedule K-1 from the Department of Revenue in February 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 Iowa Form IA 1120S Shhedule K-1
We have a total of three past-year versions of Form IA 1120S Shhedule K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form IA 1120S Shhedule K-1
IA 1120S Schedule K-1 (42-008)
2022 Form IA 1120S Shhedule K-1
IA 1120S Schedule K-1 (42-008)
2021 Form IA 1120S Shhedule K-1
IA 1120S Schedule K-1, 42-008
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