Form Pa-20s/pa-65 Schedule Rk-1 And Nrk-1 - Resident And Nonresident Schedules Of Pa S Shareholder/partnership/beneficiary Pass Through Income, Loss And Credits - 2006 Page 11
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16Line 17.
Total Deduction from PA-41 Schedule DD. Add Lines 15 and 16. Enter the result here and on Line
8 of the PA-41.
PA-41 Schedules RK-1 and NRK-1
When an estate or trust files its PA-41 return, it must submit a PA-41 Schedule RK-1 and NRK-1 for each of the
beneficiaries if the beneficiaries’ last known addresses indicated they were nonresident beneficiaries. If the
beneficiaries’ last known addresses indicated they were resident beneficiaries for an entire tax year, the estate or
trust may elect to include only a copy of the PA-41 Schedule RK-1. However, part-year resident beneficiaries
must have each version of the schedule submitted with the PA-41 return. The PA-41 Schedules RK-1 and NRK-1
must also show the PA taxable income that the estate or trust distributed or was required to be distributed to each
beneficiary. Both a resident and a nonresident figure should be reported for each beneficiary and reported on the
PA-41 Schedules RK-1 and NRK-1 that are being submitted with the PA-41.
The estate or trust must also provide to each beneficiary the PA-41 Schedules RK-1 and NRK-1 showing only
his/her/its share of the PA taxable income if the beneficiary’s last known address indicated he/she/it was a
nonresident beneficiary. If the beneficiary’s last known address indicated he/she/it was a resident beneficiary for
an entire tax year, the estate or trust may elect to provide only a copy of the PA-41 Schedule RK-1. However, a
part-year resident beneficiary must also be provided with each version of the schedule. The Department does not
accept Federal Schedule K-1 because the schedule does not properly reflect the classified PA taxable income
amounts. It is important to remember that the PA-41 Schedules RK-1 and NRK-1 submitted to the resident
beneficiary should reflect the Taxable Income to PA Residents even if the estate or trust is a nonresident.
Likewise, the nonresident beneficiary should be issued PA-41 Schedules RK-1 and NRK-1 that reflects the
Taxable Income to Nonresidents even if the estate or trust is a resident.
Part I. General Information
Complete all the appropriate information regarding the estate or trust and beneficiaries at the top of the PA-41
Schedules RK-1 and NRK-1 as follows:
•
If the beneficiary of the estate or trust is an individual, enter the Social Security Number, name and
complete address of the beneficiary to whom the estate or trust made, or was required to make, a
distribution during the taxable year, or to whom amounts were credited and payable during the taxable
year. PA-41 Schedules RK-1 and NRK-1 should be completed for each individual beneficiary.
•
If the estate or trust beneficiary was other than an individual, enter the FEIN, name of the entity
(partnership, S corporation, limited liability company, or estate or trust) in the space provided. PA-41
Schedules RK-1 and NRK-1 should be completed for each entity beneficiary.
•
Enter the name, address, and FEIN of the estate or trust from which the income is being distributed.
•
Fill in the Estate or Trust oval under the type of entity listing.
•
If the estate or trust has a fiscal year, fill in the oval and enter the Begin and End dates for the estate or
trust’s fiscal year.
•
If the estate or trust is filing an amended return and the amount of income distributed to a beneficiary
changes and an amended PA-41 Schedule RK-1 or NRK-1 is being included with the amended return, fill
in the oval to indicate the amended schedule status.
•
If this is the final year for distributions to the beneficiary from the estate or trust, fill in the oval to indicate
the final status.
•
Enter in the appropriate space the beneficiary’s year end distribution percentage for the ratio of the
beneficiary’s taxable distribution as reported on Line 6 of the PA-41 Schedule RK-1 to the total distribution
as reported on Line 8 of the PA-41. If a PA-41 Schedule NRK-1 is also required for a beneficiary, enter
the percentage reported as if a resident taxpayer.
•
Fill in the oval for the type of owner (beneficiary) for the estate or trust.
Follow Steps 1, 2, and 3 below to compute and enter the amount of each beneficiary’s Income of/from Estates or
Trusts on Line 6 of the PA-41 Schedule RK-1 and Line 4 of the PA-41 Schedule NRK-1.
Step 1. Compute the total dollar amount of:
34 PA-41
ONLINE VERSION
PA-41 Instructions Online Version (11-06-06).doc
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