Nebraska Nebraska Return of Partnership Income, with Schedule A - Partnership with other Income and Deductions - Adjustments to Ordinary Business Income


Extracted from PDF file 2024-nebraska-form-1065n.pdf, last modified August 2024Nebraska Return of Partnership Income, with Schedule A - Partnership with other Income and Deductions - Adjustments to Ordinary Business Income
PRINT FORM RESET FORM FORM 1065N Nebraska Return of Partnership Income 2024 for the calendar year January 1, 2024 through December 31, 2024 or other taxable year beginning , 2024 and ending , PLEASE DO NOT WRITE IN THIS SPACE Name Doing Business As (dba) Please Type or Print Legal Name Street or Other Mailing Address City State Principal Business Activity in Nebraska Federal ID Number ZIP Code Business Class. Code (See Instr.) Nebraska ID Number Date Business Began in Nebraska Does the partnership have nonresident individual partners? YES (Complete Schedule II, unless box 5 is checked) NO Type of Organization Partnership Limited Liability Company Check if: (1) Initial Return (2) Final Return (Example, dissolved. See instr.) Publicly Traded Partnership (3) Address Change (4) Name Change Other (describe) _____________________________________ The partnership is electing or previously (5) elected to be subject to income tax under Neb. Rev. Stat. § 77-2727(6). (See instructions and complete Schedule PTET) (6) Form 7004 Attached 1 Ordinary business income (line 23, Federal Form 1065)............................................................................... 2 Nebraska adjustments increasing ordinary business income (line 13, Schedule A)...................................... 3 Nebraska adjustments decreasing ordinary business income (line 24, Schedule A)..................................... 4 Nebraska adjusted income (line 1 plus line 2 minus line 3)............................................................................ 5 Income reported to Nebraska (enter line 4 above or line 3, Schedule I, if applicable) If less than zero, do not complete columns (E), (F), or (G) on Schedule II................................................................................ If line 5 shows a loss, do not complete lines 6 through 12, 14 or 15. 6 Electing pass-through entity tax (PTET) for tax year 2024. (If box 5 is checked, enter line 5 multiplied by .0584)........................................................................................................................................................ 7 Premium tax credit (see instructions - attach schedule)........................................ 7 00 8 Employer's credit for expenses incurred for TANF (ADC) recipients (see instr.).... 8 00 9 Form 3800N nonrefundable credit (attach Form 3800N)....................................... 9 00 10 NE employer tax credit for employing convicted felons. Enter certificate number from Form ETC-A ____________________________ . 10 00 11 School Readiness Tax Credit for providers........................................................... 11 00 12 Opportunity Scholarships Act credit for contributors............................................. 12 00 13 Child Care Tax Credit for contributors. Enter certificate number from Form CCTC-A ___________________________ 13 00 14 Creating High Impact Economic Futures (CHIEF) credit...................................... 14 00 15 Total nonrefundable credits (total of lines 7 through 14)................................................................................... 16 Nebraska PTET for tax year 2024 after nonrefundable credits. Subtract line 15 from line 6 (if line 15 is more than line 6, enter -0-)....................................................................................................................................... 17 PTET for tax years 2018 through 2022 (see instructions)............................................................................... 18 Income reported to Nebraska subject to withholding [If box 5 is not checked, enter the Column (F), Schedule II total]............................................................................................................................................ 19 Nebraska income tax withheld for nonresident individual partners [If box 5 is not checked, enter the Column (G), Schedule II total]..................................................................................................................................... 20 Nebraska tax after nonrefundable credits (line 16 plus lines 17 and 19)......................................................... Form 3800N, 775N, 312N, or (7) 1107N Attached (8) Distributed Form 3800N Credit 1 2 3 4 00 00 00 00 5 00 6 00 15 00 16 17 00 00 18 00 19 20 00 00 Complete page 2 8-284-2024 Form 1065N (2024) Page 21 Form 3800N refundable credit and recapture (see instructions)........................... 21 22 Tax deposited with Form 7004N and 2024 estimated income tax payments....... 22 23 Beginning Farmer credit...................................................................................... 23 24 Nebraska income tax withheld (attach 1099-NEC) (see instructions).................. 24 25 Credit for community college property taxes (attach Form PTC) ....................... 25 26 PTET credit received from a lower-tier electing partnership 00 00 00 00 00 26 00 27 Total refundable credits and payments (total of lines 21 through 26) ............................................................. 28 TAX DUE if line 20 minus line 27 is greater than zero. Check this box if your payment is being made electronically.................................................................................................................................................. 29 Penalty for underpayment of estimated income tax (see instructions)........................................................... 30 Amount Due (when line 27 is less than the total of lines 20 and 29).............................................................. 31 Overpayment (when line 27 is greater than the total of lines 20 and 29) ....................................................... 32 Amount of line 31 you want applied to your 2025 estimated tax.................................................................... 33 Overpayment to be REFUNDED (line 31 minus line 32). Complete lines 34a, 34b, and 34c to receive your refund electronically. Complete line 34d if appropriate (see instructions)...................................................... 34a Routing Number 34b Type of Account 27 00 28 29 30 31 32 00 00 00 00 00 33 00 1 = Checking 2 = Savings 34c Account Number 34d Check this box if this refund will go to a bank account outside the United States. sign here paid preparer’s use only Under penalties of perjury, I declare that as taxpayer or preparer, I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is correct and complete. Signature of Partner or Member Date Email Address ( ) Title Phone Number Preparer’s Signature Date Print Firm’s Name (or your's if self-employed), Address and ZIP Code 2 Preparer’s PTIN EIN Paper filers must attach a copy of the federal return and supporting schedules to this return. All filers are encouraged to e-file their return including schedules K-1N. ( ) Daytime Phone Mail this return and payment to: Nebraska Department of Revenue, PO Box 94818, Lincoln, NE 68509-4818. revenue.nebraska.gov, 800-742-7474 (NE and IA), 402-471-5729 Partnership With Other Income And Deductions Nebraska Schedule A — Adjustments to Ordinary Business Income Name on Form 1065N FORM 1065N Schedule A 2024 Nebraska ID Number Adjustments Increasing Ordinary Business Income Totals • Enter amounts for lines 1 through 9, and 11 from Schedule K, Federal Form 1065. 1 Net rental real estate income............................................................................................................... 1 00 2 Other net rental income........................................................................................................................ 2 00 3 Guaranteed payments for: a Services............................................................................................................. 3a ____________ b Capital................................................................................................................ 3b ____________ Total guaranteed payments (total of lines 3a and 3b)...................................................................... 3 00 4 Interest income..................................................................................................................................... 4 00 5 Ordinary dividends............................................................................................................................... 5 00 6 Royalties.............................................................................................................................................. 6 00 7 Net short-term capital gain................................................................................................................... 7 00 8 Net long-term capital gain.................................................................................................................... 8 00 9 Net gain under IRC Section 1231 (other than casualty or theft)........................................................... 9 00 10 State and local bond interest and dividend income (see instructions)................................................. 10 11 Other income (list below or attach schedule) a List type:_______________________________________________ b Amount: $___________ Total other income. Enter total of lines 11b...................................................................................... 11 12 Nebraska and local income, sales, and use taxes deducted on Federal Form 1065 under section 164 of the IRC.......................................................................................................................... 12 00 00 00 13 Total adjustments increasing ordinary business income (total of lines 1 through 12). Enter here and on line 2, Form 1065N................................................................................................................... 13 Adjustments Decreasing Ordinary Business Income • Enter amounts for lines 15 through 23 from Schedule K, Federal Form 1065. 00 Totals 14 Qualified U.S. government interest deduction (see instructions).......................................................... 14 00 15 Net rental real estate loss..................................................................................................................... 15 00 16 Other net rental loss............................................................................................................................. 16 00 17 Net short-term capital loss................................................................................................................... 17 00 18 Net long-term capital loss.................................................................................................................... 18 00 19 Net loss under IRC Section 1231......................................................................................................... 19 00 20 Other loss............................................................................................................................................. 20 00 21 Contributions........................................................................................................................................ 21 00 22 Section 179 deduction.......................................................................................................................... 22 23 Other deductions (list below or attach schedule) a List type:_______________________________________________ b Amount: $___________ Total other deductions. Enter total of lines 23b................................................................................ 23 24 Total adjustments decreasing ordinary business income (total of lines 14 through 23). Enter here and on line 3, Form 1065N................................................................................................................... 24 00 00 00
Form 1065N
More about the Nebraska Form 1065N Corporate Income Tax TY 2024
We last updated the Nebraska Return of Partnership Income, with Schedule A - Partnership with other Income and Deductions - Adjustments to Ordinary Business Income in March 2025, so this is the latest version of Form 1065N, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form 1065N directly from TaxFormFinder. You can print other Nebraska tax forms here.
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TaxFormFinder has an additional 34 Nebraska income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Nebraska Form 1065N.
Form Code | Form Name |
---|---|
Form 1065N-Schedule-I | Apportionment for Multistate Business, 2016 Schedule ELP, Income Reported to Partners by Electing Large Partnership, and Schedule II, Nonresident |
Form 1065N-Schedule-K-1N | Partner's Share of Income, Deductions, Modifications, and Credits |
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 1065N from the Department of Revenue in March 2025.
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 1065N
We have a total of thirteen past-year versions of Form 1065N 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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