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Nebraska Beneficiary's Share of Income, Deductions, Modifications, and Credits
Extracted from PDF file 2023-nebraska-form-1041n-k-1n.pdf, last modified January 2024Beneficiary's Share of Income, Deductions, Modifications, and Credits
Nebraska Schedule K-1N — PRINT FORM RESET FORM Form 1041N Schedule K-1N Beneficiary’s Share of Income, Deductions, Modifications, and Credits Estate’s or Trust’s Name and Mailing Address 2023 Beneficiary’s Name and Mailing Address Name Doing Business As (dba) Name Legal Name Street or Other Mailing Address Street or Other Mailing Address City State Nebraska ID Number Federal ID Number ZIP Code Taxable Year of Organization City State ZIP Code Nebraska ID Number Federal ID Number Social Security Number Spouse’s Social Security Number Beginning _________________ , 20 _____ and Ending _________________ , 20 _____ If applicable, check the appropriate box: Final Amended Check One: Resident Individual Nonresident Individual Estate or Trust Other (describe) ___________________________________________________ Part A- Beneficiary’s Share of Income and Deductions 1 Ordinary business income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Net rental real estate income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Other rental income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Ordinary dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Net short-term capital gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Net long-term capital gain (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Other income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Estate tax deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Other deductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 NE state and local income, sales and use taxes deducted under section 164 of the IRC (from Schedules K-1N). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Part B - Beneficiary’s Share of Modifications 12 Qualified U.S. government interest deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 State and local bond interest and dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Part C - Beneficiary’s Share of Credits 14 Community Development Assistance Act credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Form 3800N credits (see instructions) a Employment and Investment Growth Act. . . . . . . . . . . . . . . . . . . . . . . . . . 15 a $____________ b Nebraska Advantage Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 b $____________ c Nebraska Advantage Rural Development Act . . . . . . . . . . . . . . . . . . . . . . 15 c $____________ d Nebraska Advantage Research and Development Act . . . . . . . . . . . . . . . 15 d $____________ e New Markets Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 e $____________ f Nebraska Historic Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 f $____________ g ImagiNE Nebraska Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 g $____________ h Key Employer and Jobs Retention Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 h $____________ i Urban Redevelopment Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 i $____________ j Renewable Chemical Production Tax Credit Act. . . . . . . . . . . . . . . . . . . . . 15 j $ ____________ k Nebraska Higher Blend Tax Credit Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 k $____________ l Affordable Housing Tax Credit.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 l $____________ Total of 15a through 15l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Employer’s credit for expenses incurred for TANF (ADC) recipients (see instructions). . . . . . . . . . 16 17 NE employer tax credit for employing convicted felons. Enter certificate number from Form ETC-A____________________ . . . . . . . . . . . . . . . . . . . . . . 17 18 Nebraska income tax withholding (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Total PTET credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a 2018 $_________________ b 2019 $_________________ c 2020 $_________________ d 2021 $_________________ e 2022 $_________________ f 2023 $_________________ 19 revenue.nebraska.gov, 800-742‑7474 (NE and IA), 402-471-5729 8-693-2023
Form 1041N-K-1N
More about the Nebraska Form 1041N-K-1N Corporate Income Tax Tax Credit TY 2023
We last updated the Beneficiary's Share of Income, Deductions, Modifications, and Credits in February 2024, so this is the latest version of Form 1041N-K-1N, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 1041N-K-1N directly from TaxFormFinder. You can print other Nebraska tax forms here.
Other Nebraska Corporate Income Tax Forms:
TaxFormFinder has an additional 34 Nebraska income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 1041N-K-1N | Beneficiary's Share of Income, Deductions, Modifications, and Credits |
| Form CDN | Nebraska Community Development Assistance Act Credit Computation |
| Form 1041N | Nebraska Fiduciary Income Tax Return, with Schedules I, II, and III |
| Form 1120N Booklet | Corporation Income Tax Booklet - Forms and Instructions |
| Form NOL | Nebraska Net Operating Loss Worksheet |
View all 35 Nebraska Income Tax Forms
Form Sources:
Nebraska usually releases forms for the current tax year between January and April. We last updated Nebraska Form 1041N-K-1N from the Department of Revenue in February 2024.
Form 1041N-K-1N is a Nebraska 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 Nebraska Form 1041N-K-1N
We have a total of eleven past-year versions of Form 1041N-K-1N in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Form 1041N-K-1N
Form 1041N-K-1N
2013 Form 1041N-K-1N
Form 1041N-K1N
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