Instructions For Pa-41 Schedule B - Dividend And Capital Gains Distributions Income - Pennsylvania Department Of Revenue - 2016 Page 2
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1
2Submit all PA-20S/PA-65 Schedules
Do not report capital gains distri-
income tax purposes. If the estate or
butions on PA-41 Schedule D.
trust receives only a federal Form 1065
RK-1 to support the amount reported on
Schedule K-1, it must adjust and classify
PA-41 Schedule B Line 11. Include a
LINE 10
the income from the federal Form 1065
copy of the federal Form 1120S
Schedule K-1 according to Pennsylvania
Schedule K-1 if a PA-20S/PA-65
Dividend Income from Partner-
rules. See the PA PIT Guide, Chapter
Schedule RK-1 is not supplied by the
ships from PA Schedules RK-1
16, Pass Through Entities, for additional
PA S corporation or entity formed as a
If the estate or trust is an owner in a part-
information on the adjustments required
limited liability company that is classi-
nership or entity formed as a limited
and the proper classification of income.
fied as a PA S corporation for federal
liability company that is classified as a
partnership for federal income tax
LINE 11
income tax purposes. If the estate or
purposes, it will receive a PA-20S/PA-65
trust receives only a federal Form
Dividend Income from
Schedule RK-1 showing its share of any
1120S Schedule K-1, the estate or trust
dividend income.
PA S Corporations from PA
must obtain a PA-20S/PA-65 Schedule
Schedules RK-1
RK-1 from the entity. The department
Enter the amount of dividend income
If the estate or trust is an owner in a PA
will only permit the estate or trust to
from partnerships. Include the amounts
S corporation or entity formed as a
reported from all PA Schedule(s) RK-1,
adjust and reclassify the income from
limited liability company that is classified
or federal Schedule(s) K-1 if an RK-1 is
federal Form 1120S Schedule K-1
as a PA S corporation for federal
not provided.
according to Pennsylvania rules in
income tax purposes, it will receive a
limited circumstances. See the PA PIT
If the estate or trust realizes income
PA-20S/PA-65 Schedule RK-1 showing
Guide, Chapter 16, Pass Through
from more than one partnership, provide
its share of any dividend income.
a statement showing the FEIN, name,
Entities, for additional information on
Enter the amount of dividend income
and amount of distributable/distributed
the adjustments required and the
from PA S corporations. Include the
income by each partnership.
proper classification of income.
amounts reported from all PA Sched-
Submit all PA-20S/PA-65 Schedules
ule(s) RK-1, or federal Schedule(s) K-1
LINE 12
RK-1 to support the amount reported on
if an RK-1 is not provided.
PA-41 Schedule B Line 10. Include a
Total Dividend Income
If the estate or trust realizes income from
copy of federal Form 1065 Schedule
Add Lines 6, 7, 8, 9, 10 and 11 on the
more than one PA S corporation, provide
K-1 if a PA-20S/PA-65 Schedule RK-1 is
PA-41 Schedule B. Enter the amount
a statement showing the FEIN, name,
not supplied by a partnership or entity
here and on the PA-41, Fiduciary
formed as a limited liability company that
and amount of income by each PA S
is classified as a partnership for federal
corporation.
Income Tax Return, Line 2.
2
PA-41 Schedule B
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