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 4
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16Line 9. Total Other Credits
Please submit a copy of the PA-20S/PA-65 Schedule OC. Submit statement.
PART IV. DISTRIBUTIONS FROM PARTNERSHIP
Line 10. Distribution of Cash, Marketable Securities, and Property - not including
guaranteed payments
Enter the partner’s share of such distributions other than guaranteed payments. With respect to
non-liquidating property distributions, this line will include the total cash and the partnership’s
adjusted basis in marketable securities and property distributed to the resident partner. With
respect to liquidating property distributions, this line will include the total of cash and the fair
market value of marketable securities and property distributed to the resident partner.
Line 11. Guaranteed Payments for Capital
Enter the partner’s share of such distributions.
PA PIT characterizes distributions that are guaranteed payments for capital as:
A withdrawal proportionately from the capital of all partners;
A gain from the disposition of the recipient’s partnership interest and a loss from the
disposition of the other partners’ partnership interests, to the extent derived from the
capital of the other partners;
A return of capital by the resident recipient to the extent derived from his/her own
capital. The distributions that the partnership makes that represent co-payments of
the partner’s own capital are not income for PA PIT purposes.
Line 12. All Other Guaranteed Payments for Services Rendered
Enter the partner’s share of such payments. Typically, guaranteed payments to partners are paid
to the extent for services rendered directly in the production of income from a business,
profession, or farm, and/or from rental or royalty income.
Treatment of HSA - Health Savings Accounts
Contributions by a partnership to a bona fide partner’s HSA are not contributions by an employer.
The contributions are treated as a distribution of money and are not included in the partner’s
gross income. Contributions by a partnership to a resident partner’s HSA for services rendered
are treated as guaranteed payments that are deductible by the partnership and includible in the
partner’s gross income. In both situations, the partner can deduct the contribution made to the
partner’s HSA.
Contributions by an S corporation to a two percent resident shareholder-employee’s HSA for
services rendered are treated as guaranteed payments and are deductible by the S corporation
and includible in the shareholder-employee’s gross income. The shareholder-employee can
deduct the contribution made to the shareholder-employee’s HSA.
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107
2006 - PA-20S/PA-65
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