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Include a statement providing the descrip-

adjust and classify the income from

Form 1120S Schedule K-1 according to

the federal Form 1065 Schedule K-1

tions and amounts if more than one type

Pennsylvania rules in limited circum-

according to Pennsylvania rules. See the

of adjustment is included in the amount

stances. See the PA PIT Guide, Chapter

reported for this line.

PA PIT Guide, Chapter 16, Pass Through

16, Pass Through Entities, for additional

Entities, for additional information on the

information on the adjustments required

adjustments required and the proper

LINE 9

and the proper classification of income.

classification of income.

Add the amounts on Lines 5, 6, 7 and 8.

LINE 13

LINE 12

LINE 10

Gambling and Lottery Winnings

Interest Income from S Corpora-

Enter the amount of any taxable gambling

Subtract Line 9 from Line 4.

tions from PA Schedules RK-1

and lottery winnings of the estate or

If the estate or trust is an owner of an

trust.

LINE 11

S corporation or entity formed as a limited

Example. A Pennsylvania resident wins

liability company that is classified as a

Interest Income from Partnerships

the Powerball on a ticket purchased in

S corporation for federal income tax

from PA Schedules RK-1

Maryland and elects the annuity payment

purposes, the estate or trust will receive

If the estate or trust is a partner in a part-

option. A trust was established for the

a PA-20S/PA-65 Schedule RK-1 showing

nership or a member in an entity formed

purpose of receiving the annual payout

its share of any interest income.

as a limited liability company that is clas-

from the Maryland Lottery. Since the

Enter the amount of interest income from

sified as a partnership for federal income

Powerball lottery ticket was purchased

PA S corporations. Include the amounts

tax purposes, the estate or trust will

in Maryland, the winnings are taxable to

reported from all PA Schedule(s) RK-1,

receive a PA-20S/PA-65 Schedule RK-1

a Pennsylvania resident trust. Therefore,

or federal Schedule(s) K-1 if an RK-1 is

showing its share of any interest income.

the resident trust is required to report the

not provided. Include any U.S. govern-

income on PA Schedule A, Line 5 and on

Enter the amount of interest income

ment interest from federal Schedule(s)

the PA-41 Fiduciary Income Tax Return,

from partnerships. Include the amounts

K-1, where PA Schedule(s) RK-1 is/are

Line 1.

reported from all PA Schedule(s) RK-1,

not provided, on Line 8 of PA Schedule A.

or federal Schedule(s) K-1 if an RK-1 is

Resident Estates and Trusts

If the estate or trust realizes income from

not provided. Include any U.S. govern-

Report the amount of any gambling

more than one PA S corporation, provide

ment interest from federal Schedule(s)

winnings from sources inside and outside

a statement showing the FEIN, name,

K-1, where PA Schedule(s) RK-1 is/are

the commonwealth. Report the amount

and amount of income by the PA S

not provided, on Line 8 of PA Schedule A.

of any lottery winnings from all lotteries

corporation.

other than the Pennsylvania Lottery.

If the estate or trust realizes income from

Submit all PA-20S/PA-65 Schedules

more than one partnership, provide a

Nonresident Estates and Trusts

RK-1 to support the amount reported on

statement showing the FEIN, name and

Report the amount of any gambling

PA-41 Schedule A Line 12. Include a copy

amount of income by the partnership.

winnings from Pennsylvania sources or

of federal Form 1120S Schedule K-1 if a

Submit all PA-20S/PA-65 Schedules

lottery winnings from sources within

PA-20S/PA-65 Schedule RK-1 is not

RK-1 to support the amount reported on

Pennsylvania other than the Pennsylva-

supplied by the S corporation or entity

PA-41 Schedule A Line 11. Include a

nia Lottery.

formed as a limited liability company that

copy of federal Form 1065 Schedule K-1

is classified as a S corporation for federal

if a PA-20S/PA-65 Schedule RK-1 is not

income tax purposes. If the estate or

LINE 14

supplied by the partnership, or entity

trust receives only a federal Form 1120S

Total Interest Income and

formed as a limited liability company that

Schedule K-1, the estate or trust must

Gambling and Lottery Winnings

is classified as a partnership for federal

obtain a PA-20S/PA-65 Schedule RK-1

income tax purposes. If the estate or

Add Lines 10, 11, 12 and 13. Enter on

from the entity. The department will only

trust receives only a federal Form 1065

permit the estate or trust to adjust and

Line 1 of the PA-41, Fiduciary Income

Schedule K-1, the estate or trust must

reclassify the income from the federal

Tax Return.

PA-41 Schedule A

Instructions For Pa-41 Schedule A - Interest Income And Gambling And Lottery Winnings - Pennsylvania Department Of Revenue - 2014 Page 2

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