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2013

Pennsylvania Department of Revenue

Instructions for PA-41 Schedule B

Dividend and Capital Gains Distributions Income

LINE 3

LINE 5

GENERAL INFORMATION

Dividend Income from

Capital Gains Distributions

PURPOSE OF SCHEDULE

PA S Corporations from PA

Capital gains distributions are taxable

Use PA-41 Schedule B to report divi-

Schedules RK-1

as dividend income on Line 2 of the PA-

dend and capital gains distributions in-

If the estate or trust is an owner in a PA

41, Fiduciary Income Tax Return, not

come of estates and trusts.

S corporation or entity formed as a lim-

capital gains as for federal purposes.

ited liability company that is classified

FORM INSTRUCTIONS

as a PA S corporation for federal in-

TIP: Do not report capital

come tax purposes, it will receive a

gains distributions on PA-41

Name

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

Schedule D.

Enter the complete name of the estate

its share of any dividend income.

or trust as shown on the PA-41, Fiduci-

Report the amount of any dividend in-

LINE 4

ary Income Tax Return.

come from PA-20S/PA-65 Schedule

RK-1, Line 3 on PA-41 Schedule B,

Dividend Income from Partner-

FEIN or Decedent’s SSN

Line 4 or 5.

ships from PA Schedules RK-1

Enter the nine-digit federal employer

If the estate or trust is an owner in a

identification number (FEIN) of the es-

Submit all such schedules to support

partnership or entity formed as a limited

tate or trust or the decedent’s Social

the amount reported on PA-41 Sched-

Security number as shown on the PA-

liability company that is classified as a

ule B. Include a copy of the federal

Form 1020S Schedule K-1 if a PA-

41, Fiduciary Income Tax Return.

partnership for federal income tax pur-

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

poses, it will receive a PA-20S/PA-65

TIP: An estate with a FEIN

plied by the PA S corporation or entity

Schedule RK-1 showing its share of any

should not use the decedent’s

formed as a limited liability company

dividend income. Report the amount of

Social Security number.

that is classified as a PA S corporation

any dividend income from PA-20S/PA-

for federal income tax purposes. If the

65 Schedule RK-1, Line 3 on PA-41

estate or trust receives only a federal

Schedule B, Line 4 or 5.

LINE INSTRUCTIONS

Form 1120S Schedule K-1, the estate

or trust must obtain a PA-20S/PA-65

Submit all such schedules to support

Schedule RK-1 from the entity. The de-

LINE 1

the amount reported on PA-41 Sched-

partment will only permit the estate or

ule B. Include a copy of federal Form

trust to adjust and reclassify the income

Dividend and Capital Gains Dis-

1065 Schedule K-1 if a PA-20S/PA-65

from federal Form 1120S Schedule K-1

tributions Income

Schedule RK-1 is not supplied by the

according to Pennsylvania rules in lim-

All taxable dividend income must be re-

partnership or entity formed as a limited

ited circumstances. See the PA PIT

ported. If the estate or trust has Penn-

liability company that is classified as a

Guide, Chapter 16, Pass Through Enti-

sylvania-taxable dividend income that is

partnership for federal income tax pur-

ties, for additional information on the

more than $2,500, PA-41 Schedule B

poses. If the estate or trust receives

adjustments required and the proper

must be completed listing the name of

only a federal Form 1065 Schedule K-

classification of income.

each payer and amount of Pennsylva-

1, it must adjust and classify the income

nia-taxable dividend of the payer from

If the estate or trust realizes income

from the federal Form 1065 Schedule

each federal Form 1099-DIV or other

from more than one PA S corporation,

K-1 according to Pennsylvania rules.

provide a statement showing the FEIN,

statement.

See the PA PIT Guide, Chapter 16,

name, and amount of distributable/dis-

TIP: Under a Stock Dividend

Pass Through Entities, for additional in-

tributed income by the PA S corpora-

Reinvestment Plans, dividends

formation on the adjustments required

tion. Also include the PA-20S/PA-65

are elected in the form of stock, rather

and the proper classification of income.

Schedules RK-1 or federal Form 1120S

than cash or other property. The estate

Schedule K-1 when filing your PA-41,

If the estate or trust realizes income

or trust must include the stock's fair

Fiduciary Income Tax Return.

from more than one partnership, pro-

market value as dividend income as of

vide a statement showing the FEIN,

the date paid.

LINE 6

name, and amount of distributable/dis-

tributed income by the partnership. Also

Total Dividend Income

LINE 2

include the PA-20S/PA-65 Schedules

Add Lines 2, 3, 4 and 5 on the PA-41

Total Dividend Income

RK-1 or federal Form 1065 Schedule K-

Schedule B. Enter the amount here and

Add all amounts from Line 1 including

1 when filing your PA-41, Fiduciary In-

on the PA-41, Fiduciary Income Tax Re-

amounts on additional schedules.

come Tax Return.

turn, Line 2.

PA-41 Schedule B

Instructions For Pa-41 Schedule B - Dividend And Capital Gains Distributions Income - Pennsylvania Department Of Revenue - 2013

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