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 14
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16PA Department of Revenue
Bureau of Individual Taxes
PO Box 280509
Harrisburg, PA 17128-0509
Corporate-Owned Partnership
A partnership wholly owned by corporations taxed at the entity level submits a
PA-65 Corp
and a
complete copy of its Federal Form 1065, including all federal schedules and Federal Schedules
K-1. If the partnership has business operations within and outside PA, the partnership submits a
complete
PA-20S/PA-65 Schedule
H-Corp, and provides a copy of this schedule to each of its
corporate partners. The partnership does not submit a PA-20S/PA-65 Information Return.
Partnership with Corporate Partner(s)
A partnership may have noncorporate partners, as well as one or more partners that are
corporations taxed at the entity level. Such a partnership submits a complete
PA-20S/PA-65
Information Return.
The partnership also submits a complete
PA-65 Corp
and a copy of its
Federal Form 1065, including all federal schedules and Federal Schedules K-1. If the partnership
has business operations within and outside PA, it must complete a
PA-20S/PA-65 Schedule H
to
apportion its business income (loss) for PA PIT purposes. The partnership must also submit a
complete
PA-20S/PA-65 Schedule H-Corp
for its corporate partners and provide a copy of this
schedule to each of its corporate partners.
Apportionment
A partnership must apportion business income (loss) (net profits from business, profession or
farm) on PA-20S/PA-65 Schedule H for PA Personal Income Tax purposes when completing its
PA-20S/PA-65 Information Return. When the partnership has at least one partner that is a non
filing corporation subject to CNI tax, the partnership must also submit a PA-65 Corp and a PA-
20S/PA-65 Schedule H-Corp. The PA-20S/PA-65 Schedule H-Corp provides the corporate
partner with the apportionment information it needs to complete its PA Corporate Tax Report
(RCT-101).
IMPORTANT: The PA-20S/PA-65 Schedule H-Corp is for information purposes only for
corporate partners. DO NOT use PA-20S/PA-65 Schedule H-Corp to arrive at the computations
for other noncorporate partner’s/member’s income. The PA-20S/PA-65 Schedule H-Corp must be
completed for distribution to partners who are business entities.
Partnership without Corporate Partners
If the owners of the partnership are individuals, estates, trusts, other partnerships, PA S
corporations, and/or other entities, and the partnership does not have any corporations as
partners, the partnership submits a complete PA-20S/PA-65 Information Return, but does not
complete a PA-65 Corp.
______________________________________________________________________
124
2006 - PA-20S/PA-65
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