Schedule K-1 (Form 38) - Beneficiary'S Share Of North Dakota Income (Loss),deductions, Adjustments, Credits, And Other Items - 2016 Page 2
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3North Dakota Office of State Tax Commissioner
2016
Beneficiary’s Instructions for North Dakota Schedule K-1 (Form 38)
Purpose of form
North Dakota income subject to North
an amended North Dakota income tax return
Dakota income tax withholding. See
North Dakota Schedule K-1 (Form 38)
to report the revised information, in which
Part 5 of the schedule.
case a copy of the amended Schedule K-1
is a supplemental schedule provided
by a fiduciary of an estate or trust to its
(Form 38) must be attached to your amended
North Dakota income tax withheld from
beneficiaries. It provides information the
North Dakota income tax return. If you
your distributive share of North Dakota
beneficiaries may need to complete their
previously elected to include your distributive
income. See Part 5 of the schedule.
North Dakota income tax returns. For this
share of North Dakota income in a composite
North Dakota income tax paid on your
purpose, “beneficiary” includes an owner of a
filing, and you are not changing that election,
distributive share of North Dakota income
grantor trust.
you generally do not have to take any action
in a composite filing. See “Composite
and should retain the amended Schedule K-1
Resident individual, estate, or trust
filing election” under “General
(Form 38) for your tax records.
beneficiary. If you are a North Dakota
instructions” and Part 5 of the schedule.
resident individual, estate, or trust, your entire
Specific Instructions
General instructions
distributive share of income from the estate
or trust is subject to North Dakota income
These instructions explain where to report the
Part 3
tax. North Dakota Schedule K-1 was issued
information from Schedule K-1 (Form 38) on
All beneficiaries–North Dakota
to you only to show your distributive share of
the North Dakota income tax return.
adjustments and tax credits
the estate’s or trust’s North Dakota statutory
Tax year. References to a North Dakota
Except for a nonresident beneficiary who
adjustments and tax credits that may affect
form and line number contained in these
elected to be included in a composite filing,
your North Dakota income tax return. See
instructions are references to the form in
the information in Part 3 of Schedule K-1
Part 3 of the schedule.
use for the 2016 calendar year. However,
(Form 38) applies to all beneficiaries.
Nonresident individual, estate, or trust
if you file your return on a calendar year
The following lists show where to enter
beneficiary. If you are a nonresident
basis, but the estate or trust files its return
an amount from Part 3 of Schedule K-1
individual, estate, or trust, only the portion
on a fiscal year basis, report the amounts on
(Form 38) on the North Dakota income tax
of your distributive share of income from
your return for the year in which the estate’s
return. Use the list that applies to your return.
the estate or trust that is derived from North
or trust’s fiscal year ends. For example, if
“Not applicable” in the right-hand means that
Dakota sources is subject to North Dakota
the estate or trust has a fiscal year ending in
the item does not apply and should not be
income tax. North Dakota Schedule K-1 was
February 2017, report the amounts from the
entered on the return.
issued to you to show your distributive share
2016 Schedule K-1 (Form 38) on your 2017
of the following items:
tax return. The estate’s or trust’s tax year is
shown at the top of the schedule.
Lines 1–24
North Dakota income, gains, losses, and
deductions. See Part 4 of the schedule.
Composite filing election. If Item H in Part 2
Form ND-1 filer:
North Dakota statutory adjustments and
of Schedule K-1 (Form 38) is checked “Yes,”
Include the amount
tax credits. See Part 3 of the schedule.
you elected to include your distributive share
from this schedule: On:
of North Dakota income in a composite
Lines 1–2
Not applicable
North Dakota income tax withheld from
filing by the fiduciary. Ignore any amounts
Line 3
Form ND-1, line 7
your distributive share of North Dakota
shown in Parts 3 through 5 of Schedule K-1
Line 4a
Sch. RZ, Part 1, line 19a
income. See Part 5 of the schedule.
(Form 38); they are not applicable if you
Line 4b
Sch. RZ, Part 1, line 19b
North Dakota income tax paid on your
elected to be included in a composite filing.
Line 5
Sch. ND-1SA, line 2
distributive share of North Dakota income
The income tax paid on your behalf by the
Line 6
Form ND-1, line 14
in a composite filing. See “Composite
fiduciary under the composite filing method
Line 7a
Sch. RZ, Part 4, line 7
filing election” under “General
satisfies your North Dakota income tax filing
Line 7b
Sch. RZ, Part 5, line 4
instructions” and Part 5 of the schedule.
and payment obligations with respect to your
Line 7c
Sch. RZ, Part 6, line 6
Partnership or corporation beneficiary.
North Dakota distributive share of income
Line 8
Sch. ND-1TC, line 4
If you are a partnership, C corporation,
from the estate or trust. The North Dakota
Line 9
Sch. ND-1TC, line 3
distributive share of income and composite
S corporation, or a limited liability company
Line 10
Sch. ND-1TC, line 6
income tax paid, as shown in Part 5 of
treated like a partnership or corporation,
Line 11
Sch. ND-1TC, line 7
Schedule K-1 (Form 38), are provided only
Line 12
Sch. ND-1TC, line 14b
North Dakota Schedule K-1 was issued to
you only to show your distributive share of
for your information. If you later choose to
Line 13
Sch. ND-1TC, line 8a
North Dakota statutory adjustments and tax
revoke your composite filing election and file
Line 14
Sch. ND-1TC, line 9a
credits. See Part 3 of the schedule.
your own North Dakota income tax return,
Line 15a
Sch. ND-1TC, line 10a
follow the instructions to Parts 3 through 5
Line 15b
Sch. ND-1TC, line 10b
If you are a partnership, S corporation, or
to transfer the amounts from Schedule K-1
Line 16
Sch. ND-1TC, line 11a
a limited liability company treated like a
(Form 38) to your return.
Line 17a
Sch. ND-1TC, line 12
partnership or S corporation, and if your
Line 17b
Form ND-1, line 4a
Amended Schedule K-1 (Form 38). If
commercial domicile is located outside North
Line 18
Sch. ND-1TC, line 13a
Dakota, the schedule may also show your
you receive an amended North Dakota
Line 19
Sch. ND-1TC, line 15
Schedule K-1 (Form 38) from the fiduciary
distributive share of the following items:
for the estate or trust, you generally must file
Page 1
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