Form 720s - Schedule K-1 Shareholder'S Share Of Income, Credits, Deductions, Etc.

ADVERTISEMENT

(Form 720S)
*0900020260*
2009
SCHEDULE K-1
41A720S(K-1)
Commonwealth of Kentucky
DEPARTMENT OF REVENUE
S
S
O
HAREHOLDER’S
HARE
F
I
, C
, D
, E
.
For calendar year 2009 or fiscal year
NCOME
REDITS
EDUCTIONS
TC
beginning _______________ , 2009, and ending _______________ , 20 ___ ___.
Shareholder’s identifying
S corporation’s FEIN
Kentucky corporation/LLET
number ➤
account number ➤
Shareholder’s name, address and ZIP code
S corporation’s name, address and ZIP code
Check if applicable:
Qualified investment pass-through entity
A. Shareholder’s percentage of stock ownership for tax year ...............................................................................................➤
%
B. (1) Resident shareholder's taxable percentage of pro rata share items .........................................................................➤
100%
(2) Nonresident shareholder’s taxable percentage of pro rata share items (see Schedule A, Section I, line 12) .................➤
%
 
 
 
 
C. What type of entity is this shareholder?
Individual
Estate
Trust
Single Member LLC
D. Check the box if nonresident shareholder’s income is reported on:
 
Kentucky Nonresident Income Tax Withholding on Net Distributive Share Income Transmittal Report
and Composite Income Tax Return (Form 740NP-WH and Form PTE-WH)
E. Check if applicable:
(1)
  Final K-1
(2)
Amended K-1
IMPORTANT: Refer to Shareholder’s Instructions for Schedule K-1 before entering information from Schedule K-1 on your tax return.
(a) Pro Rata Share Items
(b) Amount
Income (Loss)
1.
Ordinary income (loss) from trade or business activities ..........................................................................................
1
2.
Net income (loss) from rental real estate activities ....................................................................................................
2
3.
Net income (loss) from other rental activities ............................................................................................................
3
4.
Portfolio income (loss):
(a) Interest ...................................................................................................................................................................
4(a)
(b) Dividends ...............................................................................................................................................................
(b)
(c)
Royalties ................................................................................................................................................................
(c)
(d) Net short-term capital gain (loss) ........................................................................................................................
(d)
(e) Net long-term capital gain (loss)..........................................................................................................................
(e)
(f)
Other portfolio income (loss) (attach schedule) ..................................................................................................
(f)
5.
Net gain (loss) under Section 1231 (other than due to casualty or theft) .................................................................
5
6.
Other income (loss) (attach schedule) .........................................................................................................................
6
Deductions
7.
Charitable contributions (attach schedule) and housing for homeless deduction (attach Schedule HH) ..............
7
8.
IRC Section 179 expense deduction (attach federal Form 4562 and Kentucky converted Form 4562) ...................
8
9.
Deductions related to portfolio income (loss) (attach schedule) ...............................................................................
9
10.
Other deductions (attach schedule) ............................................................................................................................. 10
Investment Interest
11.
(a) Interest expense on investment debts ................................................................................................................ 11(a)
(b) (1) Investment income included on lines 4(a), 4(b), 4(c) and 4(f) above ........................................................ (b)(1)
(2) Investment expenses included on line 9 above ..........................................................................................
(2)
Tax Credits
12.
Skills Training Investment Tax Credit ............................................................................................................................
12
13.
Certified Rehabilitation Tax Credit ................................................................................................................................
13
14.
Kentucky Unemployment Tax Credit ............................................................................................................................
14
15.
Recycling and Composting Equipment Tax Credit ......................................................................................................
15
16.
Kentucky Investment Fund Tax Credit ..........................................................................................................................
16
17.
Coal Incentive Tax Credit ...............................................................................................................................................
17

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 3