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Nebraska Shareholder's Share of Income, Deductions, Modifications, and Credits
Extracted from PDF file 2023-nebraska-form-1120-sn-k-1n.pdf, last modified October 2023Shareholder's Share of Income, Deductions, Modifications, and Credits
PRINT FORM RESET FORM Nebraska Schedule K-1N — Shareholder’s Share of Income, Deductions, Modifications, and Credits Corporation’s Name and Mailing Address FORM 1120-SN Schedule K-1N 2023 Shareholder’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 ZIP Code Nebraska ID Number Federal ID Number Taxable Year of Organization City State ZIP Code Social Security Number/Federal ID Number Spouse’s Social Security Number Check One: Resident Individual Beginning _________________ , 20 _____ and Ending _________________ , 20 _____ S Corporation’s Nebraska Apportionment Factor Nonresident Individual Estate or Trust Exempt Organization Shareholder’s Ownership Percentage % If applicable, check the appropriate box: % Final Amended Part A Shareholder’s Share of Income and Deductions 1 Ordinary business income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Net rental real estate income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Other net rental income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Ordinary 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) (list below or attach schedule) a List type:___________________________________________________ b Amount: $___________ Total other income (loss). Enter total of lines 10b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Section 179 deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Other deductions (list below or attach schedule) a List type:___________________________________________________ b Amount: $___________ Total other deductions. Enter total of lines 13b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Nebraska and local income, sales, and use taxes deducted on Federal Form 1120-S under section 164 of the IRC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3 4 5 6 7 8 9 10 11 12 13 Part B 14 Shareholder’s Share of Modifications 15 Qualified U.S. government interest deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 State and local government interest and dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Income (loss) from non-Nebraska sources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Part C Shareholder’s Share of Credits 18 Community Development Assistance Act credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Form 3800N credits (see instructions) a Employment and Investment Growth Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19a $______________ b Nebraska Advantage Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19b $______________ c Nebraska Advantage Rural Development Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19c $______________ d Nebraska Advantage Research and Development Act. . . . . . . . . . . . . . . . . . . . . . 19d $______________ e New Markets Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19e $______________ f Nebraska Historic Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19f $______________ g ImagiNE Nebraska Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19g $______________ h Key Employer and Jobs Retention Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19h $______________ i Urban Redevelopment Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19i $______________ j Renewable Chemical Production Tax Credit Act. . . . . . . . . . . . . . . . . . . . . . . . . . . 19j $______________ k Nebraska Higher Blend Tax Credit Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19k $______________ l Affordable Housing Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19l $______________ Total of 19a through 19l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Contractor withholding (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Nebraska income tax withheld (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Total PTET credit (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a 2018 $________________ b 2019 $________________ c 2020 $________________ d 2021 $________________ e 2022 $________________ f 2023 $________________ revenue.nebraska.gov, 800-742‑7474 (NE and IA), 402-471-5729 18 19 20 21 22 8-687-2023
Form 1120-SN-K-1N
More about the Nebraska Form 1120-SN-K-1N Corporate Income Tax Tax Credit TY 2023
We last updated the Shareholder's Share of Income, Deductions, Modifications, and Credits in February 2024, so this is the latest version of Form 1120-SN-K-1N, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 1120-SN-K-1N 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 1120-SN-K-1N.
| Form Code | Form Name |
|---|---|
| Form 1120-SN Booklet | S Corporation Income Tax Booklet - Forms & Instructions |
| Form 1120-SN | Nebraska S Corporation Income Tax Return with Schedule A - Adjustments to Ordinary Business Income |
| 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-K-1N from the Department of Revenue in February 2024.
Form 1120-SN-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 1120-SN-K-1N
We have a total of twelve past-year versions of Form 1120-SN-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 1120-SN-K-1N
Form 1120-SN-K-1N
2013 Form 1120-SN-K-1N
Form 1120-SN-K1N
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