Pennsylvania PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits

PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits
2023 PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (Form and Instructions) (PA-41 R
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PA-41 SCHEDULE RK-1

2304510056

Resident Schedule of Beneficiary
Income, Loss and Credits
PA-41 RK-1 (EX) MOD 03-23 (FI)
PA Department of Revenue

START

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2023

Suffix

Last Name

First Name

MI

SSN
Phone Number
Name of Beneficiary Receiving RK-1 (if other than an individual)
FEIN
First Line of Address

Amended Schedule

Final

Beneficiary:
Individual

SECTION
I

Second Line of Address

Beneficiary’s year-end distribution: ________%

PA S Corp.
All Other Corp.

City or Post Office

State

ZIP Code

Estate/Trust
Partnership
LLC
Exempt

Name of Entity Issuing RK-1
City or Post Office

State

ZIP Code

FEIN
Short Year
Begin MM/DD/YY
NOTE: Amounts from this schedule must be reported on the appropriate PA Tax Return.

End

1 Income of/from Estates or Trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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2 Total Other Credits. Submit statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

Fiscal Year

SECTION
II

MM/DD/YY

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Enter whole dollars only

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2023
Instructions for PA-41 Schedule RK-1
PA-41 RK-1 IN (EX) MOD 03-23

Resident Schedule of Shareholder/Partner/Beneficiary
Pass Through Income, Loss and Credits

GENERAL INFORMATION
PURPOSE OF SCHEDULE
Estates and trusts use PA-41 Schedule RK-1 to report
income of estates and trusts to each resident beneficiary. A
PA-41 Schedule RK-1 is also used to report the income of
the estate or trust for each beneficiary that is a nonresident
estate or trust and each nonresident partnership, PA S
corporation or entity formed as a limited liability company
classified as a partnership or PA S corporation for federal
income tax purposes.
Resident estate and trust beneficiaries are subject to tax on
their shares of the estate or trust’s distributed or distributable
income, regardless of income source. Nonresident estate
and trust beneficiaries are only subject to Pennsylvania
personal income tax on their shares of the estate or trust’s
distributed or distributable Pennsylvania-source income.
RESIDENT BENEFICIARY RESIDENCY STATUS
The fiduciary of an estate or trust must determine (through
reasonable means) the residency status of each individual
and/or estate or trust beneficiary. A fiduciary of an estate or
trust that fails to keep an accurate list of beneficiaries may
be subject to the tax, penalty and interest of any beneficiary
who was provided a PA-41 Schedule NRK-1 when a PA-41
Schedule RK-1 should have been provided.
WHO SHOULD RECEIVE A PA-41 SCHEDULE RK-1
A PA-41 Schedule RK-1 must be prepared and provided to
every Pennsylvania resident beneficiary who is an
individual. A copy of the PA-41 Schedule RK-1 for each
resident beneficiary who is an individual must accompany
the estate or trust’s PA-41, Fiduciary Income Tax Return.
The estate or trust must prepare and provide both PA-41
Schedules RK-1 and NRK-1 to any beneficiary that was a/an:
• Individual who was a part-year Pennsylvania resident;
• Estate or trust;
• PA S corporation;
• Partnership; or
• Entity formed as a limited liability company classified as
a partnership or PA S corporation for federal income tax
purposes.
Both schedules for each such beneficiary must also be
submitted with the PA-41, Fiduciary Income Tax Return.
IMPORTANT: The department does not accept federal
Form 1041 Schedule K-1 because the schedule does
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not properly reflect the classified Pennsylvania-taxable
income amounts.
PA-41 Schedules RK-1 submitted to resident and entity
beneficiaries should reflect the taxable income to
Pennsylvania residents even if the estate or trust is a
nonresident.
PA-41 Schedules NRK-1 issued to nonresident entity
beneficiaries should reflect just the Pennsylvania-source
income taxable to those beneficiaries. Additionally, PA-41
Schedules NRK-1 issued to nonresident estates or trusts
should also reflect PA tax withheld for nonresident
beneficiaries. See the instructions for PA-41 Schedule NRK-1.
HOW TO AMEND PA-41 SCHEDULE RK-1
Where an amendment to the PA-41, Fiduciary Income Tax
Return, results in a need to amend the PA-41 Schedule RK1, an amended PA-41 Schedule RK-1 must be forwarded to
the PA Department of Revenue with the amended tax return,
and a copy must be provided to each beneficiary.
An amended PA-41, Fiduciary Income Tax Return, and an
amended PA-41 Schedule RK-1 for each beneficiary must
also be filed to correct any error on or reflect any change to
the original PA-41, Fiduciary Income Tax Return, whether or
not an amended federal Form 1041 was filed for that year.
To amend an original PA-41 Schedule RK-1, use a blank
schedule for the tax year to be amended and fill in the
“Amended Schedule” oval at the top of the schedule. Do not
send a copy of the original schedule. Complete the schedule
by entering the corrected information and submit it with the
amended PA-41, Fiduciary Income Tax Return. See “Where
To File” in the PA-41 instructions.

COMPLETING PA-41 SCHEDULE RK-1
FOREIGN ADDRESS INSTRUCTIONS
(OTHER THAN CANADA)
If the estate or trust is located outside the U.S., it is important
to write the foreign address on the PA-41 Schedule RK-1
according to U.S. Postal Service standards.
Failure to use these standards may delay any refunds
requested or correspondence necessary to complete the
processing of the return.
To comply with foreign address standards, use the following
rules when completing the address portion of the PA-41
Schedule RK-1.
• Eliminate apostrophes, commas, periods and hyphens.
PA-41 RK-1
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• Use all capital letters to write all lines.
• Write the name of the estate or trust in the space
provided.
• Write the name and title of the fiduciary in the space
provided.
• Write the address in the space provided, including street
and building name and number, apartment or suite
numbers, city name and city or provincial codes.
• Write only the name of the country in the space provided
for the city or post office.
• Write OC in the entry space for state to indicate out-ofcountry.
• Leave the ZIP code spaces on the PA-41 Schedule RK1 blank.
Providing the address in this format will better ensure that
the department is able to send a refund on a timely basis or
contact the estate or trust if additional information is
required.
Below is an example of a properly completed foreign
address.
Foreign Address Example.
DIETRIC-FISCHER INGE TRUST
PATRIK FISCHER TTEE
WEIMARER STR 7 5300 BONN 1
GERMANY OC
CANADA ONLY FOREIGN ADDRESS INSTRUCTIONS
The same rules apply as for other foreign address
instructions. However, when the Canada address contains
a postal zone and two-character abbreviation for provinces
and territories, there are special spacing rules for the
address line for the PA-41 Schedule RK-1. On mail to
Canada, there must be two spaces between the province
abbreviation and the postal code. Below is an example of a
properly completed Canada foreign address.
SAUNDERS HELEN ESTATE OF
JANET SAUNDERS EXECUTRIX
9 BOW ST OTTAWA ON K1A 0B1 CANADA OC
If the estate or trust’s address does not fit in the available
spaces on the PA-41 Schedule RK-1 using the above
formats, please include a separate statement with the return
showing the complete address.

SECTION I
GENERAL INFORMATION
SSN
Enter the nine-digit Social Security number (SSN) if the
beneficiary of the estate or trust is an individual receiving
the PA-41 Schedule RK-1.
LAST NAME, SUFFIX, FIRST NAME, MIDDLE INITIAL
Enter the last name; suffix such as Jr., Sr., etc; first name
and middle initial of the individual beneficiary who is
receiving the PA-41 Schedule RK-1.
2

PA-41 RK-1
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SPOUSE’S SSN
Enter the nine-digit SSN of the spouse of the beneficiary (if
jointly held) receiving the PA-41 Schedule RK-1.
FEIN
Enter the nine-digit federal employer identification number
(FEIN) of the entity beneficiary receiving the PA-41
Schedule RK-1.
NAME OF OWNER RECEIVING
RK-1 (OTHER THAN AN INDIVIDUAL)
If the beneficiary of the estate or trust is an estate, trust a
partnership, PA S corporation or entity formed as a limited
liability company classified as a partnership or PA S
corporation for federal income tax purposes, enter the FEIN
and name of the entity receiving the PA-41 Schedule RK-1.
If the PA Schedule RK-1 is being issued to an individual
beneficiary, leave this field blank.
FIRST LINE OF ADDRESS
Enter the street address of the individual or entity beneficiary
receiving the PA-41 Schedule RK-1. If the address has an
apartment number, suite or RR number, enter it after the
street address. Eliminate all punctuation such as
apostrophes, commas, periods and hyphens.
The U.S. Postal Service preference is to put the actual
delivery address on the line immediately above the city, state
and ZIP Code.
NOTE: If the street address along with the apartment
number, suite or RR number does not fit on the first
line of address, then enter the street address on the second
line of address and the apartment number, suite or RR
number on the first line of address.
SECOND LINE OF ADDRESS
Enter the post office box, if appropriate, of the individual or
entity beneficiary receiving the PA-41 Schedule RK-1. If
there is no post office box, leave the second line of the
address blank. Eliminate all punctuation such as
apostrophes, commas, periods and hyphens.
For a foreign address, enter the city or municipal
designation. See the Foreign Address Example.
For a Canadian address, enter the city and postal delivery
zone number. See the Canada Address Example.
IMPORTANT: If the address has only a post office box,
enter on the first line of address.
CITY, STATE AND ZIP CODE
Enter the appropriate information of the individual or entity
beneficiary receiving the PA-41 Schedule RK-1 in each box.
Eliminate all punctuation such as apostrophes, commas,
periods and hyphens.
NAME OF ENTITY ISSUING RK-1
Enter the name of the estate or trust issuing the PA-41
Schedule RK-1.
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CITY, STATE AND ZIP CODE
Enter the appropriate information of the estate or trust
issuing the PA-41 Schedule RK-1 in each box. Eliminate
all punctuation such as apostrophes, commas, periods
and hyphens.
FEIN
Enter the nine-digit FEIN of the estate or trust issuing the
PA-41 Schedule RK-1.
AMENDED SCHEDULE
If the estate or trust is filing an amended PA-41, Fiduciary Tax
Return, and the amount of income distributed to a resident
beneficiary changes, fill in the amended schedule oval.
FINAL
If this is the final year of distributions to the beneficiary from
the estate or trust, fill in the final oval.
BENEFICIARY’S YEAR-END DISTRIBUTION
Enter the beneficiary’s percentage of year-end distributions
from the estate or trust for the ratio of the beneficiary’s
taxable distribution as reported on PA-41 Schedule RK-1,
Line 1 to the total distribution as reported on PA-41,
Fiduciary Income Tax Return, Line 8.
If a beneficiary who is an individual and part-year resident
or an entity beneficiary, calculate and enter the percentage
as if a resident taxpayer.
Valid values for input on this line include the values of
“00000” to “10000”. The decimal point is implied after the
third character from the left. For example:
• To indicate 100%, enter the value as “10000”;
• To indicate 33.33%, enter the value as “03333”; or
• To indicate 25%, enter the value as “02500”.
OWNER
Fill in the oval that designates what type of beneficiary
received the PA-41 RK-1. Fill in one oval only.
ENTITY
Fill in the estate or trust oval only.
FISCAL YEAR
If the estate or trust does not file on a calendar-year basis,
fill in the oval.
Enter month, day and year (MMDDYY) when the fiscal year
begins and ends.
SHORT YEAR
A short year is an accounting period shorter than one year
(and not a 52-53 week taxable year).
A short-year return is required for the following reasons:
• Changes in the annual accounting period. For example,
the estate or trust changes from a fiscal to a calendar
filer; or

See “How to File a Short-Year Return” in the PA-41,
Fiduciary Income Tax Return instructions.

LINE INSTRUCTIONS
SECTION II
BENEFICIARY DISTRIBUTIVE SHARE OF
PENNSYLVANIA-SOURCE INCOME (LOSS)

LINE 1
To calculate the beneficiary’s income of/from estates or
trusts (Line 6) for entry on a PA-41 Schedule RK-1, use the
following formula:
A x B = Beneficiary Income Reported on Schedule RK-1
Line 1
Where:
A = Total distributed or distributable income which is the
lesser of Line 3a or Line 14a of PA-41 Schedule DD.
B = Beneficiary’s year-end distribution percentage. The
beneficiary’s year-end distribution percentage is
obtained by taking the actual cash or property
distributions made to the beneficiary and any amounts
credited or payable or required to be currently
distributed to the beneficiary and dividing that sum by
the amount on Line 13a of PA-41 Schedule DD.
CAUTION: When calculating beneficiary’s year-end
distribution percentage, do not take into account:
• Amounts properly paid out of corpus as a gift or bequest
of a specific amount of money;
• Amounts required to have been distributed in any prior
taxable year; or
• The market value of property distributed in kind as a gift
or bequest of the specific property.

LINE 2
If the trust is a Qualified Subchapter S Trust (QSST) that
received an Educational Improvement Tax Credit (EITC)
and/or an Opportunity Scholarship Tax Credit (OSTC) and
the trust did not utilize all of the credit(s), enter the unused
EITC and/or OSTC to be passed through to the beneficiary
of the QSST. A separate statement must also be provided
to the beneficiary that identifies the type(s) and amount(s)
of the credit(s) included on Line 2 of PA-41 Schedule RK-1.
CAUTION: No other types of restricted tax credits are
permitted to be passed through to (a) beneficiary(ies)
and no other types of trusts are permitted to pass restricted
tax credits through to their beneficiary(ies).

• An estate or trust is in existence during only part of the
tax year. For example, the trust or estate is in its initial
or final year.
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