Kentucky Shareholders Share of Income, Credits, Deductions, Etc

720S - Schedule K-1 is obsolete, and is no longer supported by the Kentucky Department of Revenue.

Shareholders Share of Income, Credits, Deductions, Etc
720S - Schedule K-1SCHEDULE

K-1

(Form 720S)
Commonwealth of Kentucky
Department of Revenue

SHAREHOLDER’S SHARE OF
INCOME, CREDITS, DEDUCTIONS, ETC.

2020

Schedule K-1 (Form 720S)
has been discontinued
for 2020
File Schedule K-1 (Form PTE), Owner’s Share of
Income, Credits, Deductions, Etc. for tax years
beginning January 1, 2020.

41A720S(K-1) (10-20)

Extracted from PDF file 2021-kentucky-720s-schedule-k-1.pdf, last modified January 2021

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More about the Kentucky 720S - Schedule K-1 Corporate Income Tax Tax Credit

We last updated the Shareholders Share of Income, Credits, Deductions, Etc in March 2022, and the latest form we have available is for tax year 2021. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Kentucky Department of Revenue. You can print other Kentucky tax forms here.

Related Kentucky Corporate Income Tax Forms:

TaxFormFinder has an additional 129 Kentucky income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Kentucky 720S - Schedule K-1.

Form Code	Form Name
720S - Schedule K	Kentucky Schedule K for S Corporations with Economic Development Project(s)

Download all KY tax forms View all 130 Kentucky Income Tax Forms

Form Sources:

Kentucky usually releases forms for the current tax year between January and April. We last updated Kentucky 720S - Schedule K-1 from the Department of Revenue in March 2022.

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720S - Schedule K-1 is a Kentucky 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 Kentucky 720S - Schedule K-1

We have a total of nine past-year versions of 720S - Schedule K-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2021 720S - Schedule K-1

2020 720S - Schedule K-1

2019 720S - Schedule K-1

2018 720S - Schedule K-1

2017 720S - Schedule K-1

2016 720S - Schedule K-1

Shareholders Share of Income, Credits, Deductions, Etc

2015 720S - Schedule K-1

720S - Schedule K-1

2012 720S - Schedule K-1

2011 720S - Schedule K-1

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