Virginia Allows Reporting of Multiple Owners' Shares of Income and Virginia Modifications and Credits

Allows Reporting of Multiple Owners' Shares of Income and Virginia Modifications and Credits
2023 VK-1 Consolidated Form Specifications Table
Virginia Department of Taxation
Substitute Forms Specifications
VK-1 Consolidated – PTE Tax Schedule Summary
Attention: All PTE Tax VK-1 schedules must be made electronically.
Paper schedules are only allowed for customers with an approved waiver. PTET returns and schedules must be filed
electronically.
PTE’s reporting 10 or more owners must use this Consolidated form, which allows multiple VK-1 owners to be reported on one
summary sheet while maintaining the taxpayer disclosure agreement. This version of the form may only be used with paper
submissions with approved waivers and PTE must not send the summary sheet(s) to its owners due to the taxpayer’s disclosure
agreement.
Users must adhere to the requirements set forth in this document and in the Excel template and the PDF versions of the VK-1
Consolidated form. This includes formatting, page orientation, column widths, row heights, etc.
Special Notes
•
Barcode – Yes; barcodes are provided in the Excel template and PDF versions of the VK-1 Consolidated form.
•
Printing – the print area must be set to include the entire form layout.
•
Rounding – Yes; the length of the numeric fields includes the 2 places for the cents.
•
Neither the FEIN nor the SSN field may contain dashes or hyphens (-).
•
Review the consolidated instructions provided via the main Forms page when computations are required, when codes are
required and/or when amount/numbers must be transferred to/from another form.
1D Barcode Table
Page 1 – Barcode Translation Example – V A 0 V K 1 1 2 3 8 8 8
Page 2 – Barcode Translation Example – V A 0 V K S 2 2 3 8 8 8
Section
State ID
Form ID
Page Number
Current Tax Year
VA Tax Department Web Form ID

Form Table
Field

Length
2
4
1
2
3

Format / Data
Alpha
Numeric
Numeric
Numeric
Numeric
Format

A
A
B
Top Right
A
A
A
A
A

Date
Alphanumeric
Alphanumeric
Barcode
Checkbox
Numeric
Checkbox
Alphanumeric
Alphanumeric

Negative
Allowed

Tax Year
PTE’s Name
PTE/PTET’s FEIN
1D Barcode – Page 1
Amended Checkbox
Reason Code
Nonresident Return Checkbox
Name
Address (Number & Street)

4
15
9
N/A
1
2
1
26
26

City, State & ZIP Code
FEIN or SSN
Line a
Line b
Line c
Line d
Line e
Line f

26
9
10
3
3
6
9
2

Left
Left
Center
Center
Center
Center
Center
Center

A
B
C
D
E
F
G
H

Alphanumeric
Alphanumeric
Date
Alpha
Alpha
Numeric
Numeric
Numeric

N/A
N/A
N/A
N/A
N/A
No
No
N/A

PTE’s FEIN
PTE’s Name
1D Barcode – Page 2

9
15
N/A

Left
Left
Right

B
A
Top Right

Alphanumeric
Alphanumeric
Barcode

N/A
N/A
N/A

9
9
9
9
9
9

Left
Center
Center
Center
Center
Center

B
I
J
K
L
M

Alphanumeric
Numeric
Numeric
Numeric
Numeric
Numeric

N/A
Yes
No
No
Yes
Yes

Virginia Department of Taxation

Column

Description / Details
VA
VK1 = Page 1, VKS = Page 2
1 = Page 1, 2 = Page 2
23 = Current Tax Year
888

Justified /
Position
Left
Left
Left
Right
N/A
Center
N/A
Left
Left

FEIN or SSN
Line 1, Total Taxable Income Amounts
Line 2, Total Deductions
Line 3, Tax Exempt Interest Income
Line 4, Income Allocated to VA
Line 5, Income Allocated Outside of VA

Length

Position
1D Barcode
1D Barcode
1D Barcode
1D Barcode
1D Barcode

Substitute Forms Specifications Document

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Description / Details
YYYY = 2023
Name of PTE
9 digits or V with 8 digits
See Special Notes & 1D Barcode Table
Display “X” if applicable
2 digit code
Display “X” if applicable
Name of shareholder
Street address of shareholder
City, State Abbreviation & ZIP Code of
shareholder
9 digits or V with 8 digits (FEIN)
MM/DD/YYYY
2 – 3 character code
3 character code
XXX.XX% (decimal and % sign included)
Amount
2 digit code
9 digits or V with 8 digits
(Repeats on Page 2)
Name of PTE
See Special Notes & 1D Barcode Table
9 digits or V with 8 digits (FEIN)
(Repeats on Page 2)
Amount
Amount
Amount
Amount
Amount
Rev. 9/23

Line 6, Apportionable Income
Line 7, VA Apportionment Percentage
Line 13, Total Additions
Line 18, Total Subtractions
Part IV, Line 1, Refundable Credits

Virginia Department of Taxation

9
6
6
6
6

Center
Center
Center
Center
Center

N
O
P
Q
R

Numeric
Numeric
Numeric
Numeric
Numeric

Substitute Forms Specifications Document

Yes
No
No
Yes
No

Amount
XXX.XX% (decimal and % sign included)
Amount
Amount
Amount

Rev. 9/23