TaxFormFinder
Nebraska Nebraska S Corporation Income Tax Return with Schedule A - Adjustments to Ordinary Business Income
There are only 22 days left until tax day on April 16th! eFile your return online here 
, or request a six-month extension here .
, or request a six-month extension here .
Extracted from PDF file 2024-nebraska-form-1120-sn.pdf, last modified September 2024Nebraska S Corporation Income Tax Return with Schedule A - Adjustments to Ordinary Business Income
PRINT FORM RESET FORM Nebraska S Corporation Income Tax Return for the calendar year January 1, 2024 through December 31, 2024 or other taxable year beginning , 2024 and ending , Please Type or Print Name Doing Business As (dba) FORM 1120-SN 2024 PLEASE DO NOT WRITE IN THIS SPACE Legal Name Street or Other Mailing Address City State Principal Business Activity in Nebraska Federal ID Number ZIP Code Business Classification Code Date Business Began in Nebraska Nebraska ID Number Does the S corporation have nonresident individual shareholders? YES (Complete Schedule II, unless box 5 is checked) Check if: (1) Initial Return (2) (3) Final Return (Example, dissolved. See instr.) (4) NO Address Change (5) The S corporation is electing or previously elected to be subject to income tax under Neb. Rev. Stat. § 77-2734.01(8). (See instructions and complete Schedule PTET) (7) Form 3800N, 775N, 312N, or 1107N Attached Name Change (6) (8) Distributed Form 3800N Credit Form 7004 Attached 1 Ordinary business income (line 22, Federal Form 1120S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 00 2 Nebraska adjustments increasing ordinary business income (line 12, Schedule A). . . . . . . . . . . . . . . . . . . . . 2 00 3 Nebraska adjustments decreasing ordinary business income (line 23, Schedule A) . . . . . . . . . . . . . . . . . . . 3 00 4 Nebraska adjusted income (line 1 plus line 2 minus line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 00 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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 00 6 Electing pass-through entity tax (PTET) for tax year 2024. (if box 5 is checked, enter line 5 multiplied by .0584). . . 6 00 If line 5 shows a loss, do not complete lines 6 through 12, 14, or 15. 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 and recapture (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 00 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-) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 00 17 PTET for tax years 2018 through 2022 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 00 18 Income reported to Nebraska subject to withholding. If box 5 is not checked, enter the Column (F), Schedule II total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . 18 00 19 Nebraska income tax withheld for nonresident individual shareholders. If box 5 is not checked enter the Column (G), Schedule II total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 00 20 Nebraska tax after nonrefundable credits (line 16 plus 17 and 19). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 00 15 Total nonrefundable credits (total of lines 7 through 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Complete Page 2 Page 2 Form 1120-SN (2024) 21 Form 3800N refundable credit and recapture (see instructions) . . . . . . . . . . . . . 21 00 22 Tax deposited with Form 7004N and 2024 estimated income tax payments.. . 22 00 23 Beginning Farmer credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 00 24 Nebraska income tax withheld (attach 1099-NEC) (see instructions) . . . . . . . . 24 00 25 Credit for community college property taxes (attach Form PTC) . . . . . . . . . . . . . . . . . . 25 00 26 PTET credit received from an electing partnership (attach Schedules K-1N) a Name:_________ b Nebraska ID Number:_________ c 2018 - 2022 amount credited to entity: $_________ d 2024 amount credited to entity: $_________ e Amount distributed to shareholders on Schedule PTET (do not include on line 26): $_________ (Attach a schedule if the credit was received from more than one partnership.) 26 00 27 00 28 TAX DUE if line 20 minus line 27 is greater than zero. Check this box if your payment is being made electronically. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 00 29 Penalty for underpayment of estimated income tax (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 00 30 Amount Due (when line 27 is less than the total of lines 20 and 29). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 00 31 Overpayment (when line 27 is greater than the total of lines 20 and 29). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 00 32 Amount on line 31 you want credited to 2025 estimated income tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 00 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). . . . . . . . . . . . . . . . . . . . . . . . . . 33 00 27 Total refundable credits and payments (total of lines 21 through 26). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34a Routing Number 34b Type of Account 1 = Checking 2 = Savings 34c Account Number (Can be up to 17 characters. Omit hyphens, spaces, and special symbols. Enter from left to right and leave any unused boxes blank.) 34d Check this box if this refund will go to a bank account outside the United States (see instructions). 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. sign here Signature of Officer Date ( paid Title preparer’s Preparer’s Signature use only Email Address ) Phone Number Date Firm’s Name (or yours if self-employed), Address, and ZIP Code Preparer’s PTIN EIN ( ) Daytime Phone 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. 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 8-287-2024 S Corporation With Other Income And Deductions Nebraska Schedule A — Adjustments to Ordinary Business Income FORM 1120-SN Schedule A 2024 • Enter amounts for lines 1 through 8 and 10 from Schedule K, Federal Form 1120S. Name on Form 1120-SN Nebraska ID Number Adjustments Increasing Ordinary Business Income Totals 1 Net rental real estate income................................................................................................................ 1 00 2 Other net rental income......................................................................................................................... 2 00 3 Interest income...................................................................................................................................... 3 00 4 Ordinary dividends................................................................................................................................ 4 00 5 Royalties............................................................................................................................................... 5 00 6 Net short-term capital gain.................................................................................................................... 6 00 7 Net long-term capital gain..................................................................................................................... 7 00 8 Net gain under IRC Section 1231 (other than casualty or theft)........................................................... 8 00 9 State and local government bond interest and dividend income (see instructions).............................. 9 10 Other income (list below or attach schedule) a List type:_______________________________________________ b Amount: $___________ Total other income. Enter total of lines 10b....................................................................................... 10 00 00 11 Nebraska and local income, sales, and use taxes deducted on Federal Form 1120-S under section 164 of the IRC................................................................................................................ 11 12 Total adjustments increasing ordinary business income (total of lines 1 through 11). Enter here and on line 2, Form 1120-SN................................................................................................................ 12 Adjustments Decreasing Ordinary Business Income • Enter amounts for lines 14 through 22 from Schedule K, Federal Form 1120S. 00 00 Totals 13 Qualified U.S. government interest deduction (see instructions).......................................................... 13 00 14 Net rental real estate loss...................................................................................................................... 14 00 15 Other net rental loss.............................................................................................................................. 15 00 16 Net short-term capital loss.................................................................................................................... 16 00 17 Net long-term capital loss..................................................................................................................... 17 00 18 Net loss under IRC Section 1231.......................................................................................................... 18 00 19 Other loss.............................................................................................................................................. 19 00 20 Charitable contributions........................................................................................................................ 20 00 21 Section 179 deduction.......................................................................................................................... 21 22 Other deductions (list below or attach schedule) a List type:_______________________________________________ b Amount: $___________ Total other deductions. Enter total of lines 21b................................................................................. 22 23 Total adjustments decreasing ordinary business income (total of lines 13 through 22). Enter here and on line 3, Form 1120-SN................................................................................................................ 23 00 00 00 PRINT FORM RESET FORM S Corporation With Income Derived From Sources Both Within and Without Nebraska Nebraska Schedule I — Apportionment for Multistate Business FORM 1120-SN Schedule I 2024 • If you use this schedule, read instructions. Name on Form 1120-SN Nebraska ID Number 1 Nebraska adjusted income (line 4, Form 1120-SN)................................................................................................. 1 2 Nebraska apportionment factor (line 15 below).............................................. 2 . 00 % 3 Income apportioned to Nebraska (line 1 multiplied by line 2). Enter here and on line 5, Form 1120-SN................. 3 00 Nebraska Apportionment Factor – Sales or Gross Receipts Total Nebraska 4 Sales or gross receipts less returns and allowances....................................................... 4 00 5 Sales delivered or shipped to purchasers in Nebraska: Shipped from outside Nebraska.............................................................................................................................. 6 Sales delivered or shipped to purchasers in Nebraska: Shipped from within Nebraska................................................................................................................................. 5 00 6 00 7 Sales shipped from Nebraska to the U.S. government............................................................................................ 7 00 8 Interest on sales of tangible personal property................................................................ 8 8 00 00 9 Interest, dividends, and royalties from intangible property.............................................. 9 9 00 00 10 Gross rents...................................................................................................................... 10 10 00 00 11 Net gain on sales of intangible property.......................................................................... 11 11 00 12 Gross receipts from sales of tangible personal property and real property not included above..................................................................................... 12 12 00 13 Other income (list below or attach schedule) a List type:____________________________ b Total Amount: $__________ c Nebraska Amount: $___________________ Enter total of lines 13b in first column. Enter total of lines 13c in second column. ...... 13 13 00 00 14 Total sales or gross receipts........................................................................................ 14 14 00 15 Nebraska apportionment factor (divide line 14, Nebraska column, by line 14, Total column, and round to six decimal places). Enter as a percent here and on Schedule I, line 2 above................... 15 00 . 00 00 % 8-289-2023 Nebraska Schedule II — Shareholder’s Share of Nebraska Income • If box 5, Form 1120-SN is not checked, complete this schedule and attach it to Form 1120-SN. Note: An S Corporation with out-of-state shareholders and with ONLY portfolio income need not complete Columns (E), (F), and (G). Instead, check this box Name on Form 1120-SN Nebraska ID Number (A) Shareholder Name (B) Shareholder Shareholder Address SSN Totals FEIN [Skip Columns (D) through (G)] FORM 1120-SN Schedule II 2024 Nonresident Individuals and Grantor Trusts (Skip if line 5, Form 1120-SN is less than zero) (D) (C) Nebraska (E) Percent of Resident Check if Ownership Individual Form (Y or N) 12N Attached (F) Shareholder Income [Line 5 Form 1120-SN x Column (C) Percent] (G) Nebr. Income Tax Withholding Amount [Col (F) x .0584] (Enter on Nebr. Sch. K-1N) Nebraska Schedule III — Subsidiary or Affiliated Corporations 2024 Apportionment Factor Information* ID Numbers Name and Address of All Corporations Nebraska FORM 1120-SN Schedule III Federal S Corporation filing this return Parent Corporation, if different from above Subsidiary/Affiliated Corporations Totals * Complete the apportionment factor information summarizing the numerator of the corporations filing a combined corporation income tax return. Amount of Nebraska Sales or Receipts 2024 • Only use this schedule if the S corporation made an election to be subject to income tax or if the S corporation is distributing PTET credits it received. Name on Form 1120-SN Nebraska ID Number 1 2024 Nebraska PTET (from line 6, Form 1120-SN)..................................................................................................................... 1 00 2 2018 through 2022 Nebraska PTET (from line 17, Form 1120-SN).............................................................................................. 2 00 3 PTET credit received in 2024 tax year to be distributed (from line 26, Form 1120-SN). Use the 2024 Schedules K-1N to determine the amount to enter for each year [columns (D), (E), (F), (G), (H), or (I)] Attach Schedules K-1N......................... 3 4 Total Nebraska PTET.................................................................................................................................................................. 4 00 00 Complete for all shareholders (A) Shareholder Name Totals (B) Shareholder SSN/FEIN (C) Percent of Ownership Share of Nebraska PTET (Enter Column (D) through (I) and Total amounts on Nebraska Schedule K-1N) (D) 2018 (E) 2019 (F) 2020 (G) 2021 (H) 2022 (I) 2024 (J) Total [Total of Columns (D) through (I)] PRINT FORM RESET FORM FORM 1120-SN Schedule PTET Nebraska Schedule PTET — Shareholder’s Share of Nebraska Pass-Through Entity Tax
Form 1120-SN
More about the Nebraska Form 1120-SN Corporate Income Tax Tax Return TY 2024
We last updated the Nebraska S Corporation Income Tax Return with Schedule A - Adjustments to Ordinary Business Income in March 2025, so this is the latest version of Form 1120-SN, fully updated for tax year 2024. You can download or print current or past-year PDFs of Form 1120-SN directly from TaxFormFinder. You can print other Nebraska tax forms here.
eFile your Nebraska tax return now
eFiling is easier, faster, and safer than filling out paper tax forms. File your Nebraska and Federal tax returns online with TurboTax in minutes. FREE for simple returns, with discounts available for TaxFormFinder users!
File Now with TurboTaxRelated Nebraska Corporate Income Tax Forms:
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 1120-SN.
| Form Code | Form Name |
|---|---|
| Form 1120-SN Booklet | S Corporation Income Tax Booklet - Forms & Instructions |
| Form 1120-SN-K-1N | Shareholder's Share of Income, Deductions, Modifications, and Credits |
| Form 1120-SN-Schd-I | S Corporation With Income Derived From Sources Both Within and Without Nebraska Nebraska Schedule I - Apportionment for Multistate Business |
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 1120-SN from the Department of Revenue in March 2025.
Form 1120-SN is a Nebraska Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
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 1120-SN
We have a total of fourteen past-year versions of Form 1120-SN in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
TaxFormFinder Disclaimer:
While we do our best to keep our list of Nebraska Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.