Instructions For Pa-20s/pa-65 Schedule B - Pennsylvania Department Of Revenue - 2012
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22012
Pennsylvania Department of Revenue
Instructions for PA-20S/PA-65 Schedule B
Dividend and Capital Gains Distribution Income
The term dividends shall not
Line 2
include a distribution of stock of a
General Information
Less Business or Rental
corporation made by the corporation
Dividend Income (Working
originally issuing it to its own
Purpose of Schedule
Capital)
stockholders if such distribution is
not treated as personal income for
Enter the amount reported on PA-
Use PA-20S/PA-65 Schedule B to
federal individual income tax
20S/PA-65 Schedule M, Part A, Line
report dividend and capital gains
purposes.
5, Column b and/or Column f.
distributions income of PA S
The Pennsylvania definition of
corporations, partnerships, estates
dividends is similar, but not identical,
Line 3
and trusts and limited liability
to the federal definition. Distributions
companies filing as partnerships or
Adjusted Federal Dividend
from mutual funds, money market
PA S corporations for federal income
Income
funds, and real estate investment
tax purposes.
Subtract Line 2 from Line 1. Enter
trusts are classified as dividends for
Dividend income is any
the result on Line 3.
Pennsylvania purposes and interest
distribution to the entity of cash or
for federal purposes. Distributions
property from the accumulated
Line 4
from PA S corporations are
earnings and profits or current
reportable as dividends by resident
earnings and profits of a corporation,
Federal-Exempt Dividend
shareholders only if it is from PA C
association, or business trust.
Income Taxable for
corporation earnings and profits.
Dividends reported on the PA-
Pennsylvania Personal
20S/PA-65 Information Return and
Income Tax
PA-20S/PA-65 Schedule B is total
Completing
Enter the amount reported on federal
dividends earned by the entity itself.
Schedule K from line “Other tax-
PA Schedule B
There is no need to distinguish
exempt income.”
between resident and nonresident
portions since dividends are not a
Business Name
Line 5
class of income on the PA-20S/PA-65
Enter the complete name of the
Schedule NRK-1. For Pennsylvania
Other Dividend Income Not
entity or business as shown on the
personal income tax purposes,
Included on Line 3 and
PA-20S/PA-65 Information Return.
nonresidents are not taxed on
Line 4
dividends from Pennsylvania sources.
FEIN
If the entity received dividend
Dividends are ignored by the
Enter the nine-digit federal employer
income reported on a line other than
nonresident unless the entity has
identification number (FEIN) of the
federal 1120S Schedule K, Line 5a or
reclassified dividends on PA-20S/PA-
entity or business as shown on the
federal 1065 Schedule K, Line 6a
65 Schedule M, Part A and PA-
PA-20S/PA-65 Information Return.
then report as dividend income for
20S/PA-65 Schedule B, Line 2 as
Pennsylvania personal income tax
working capital, in which case it will
purposes on PA-20S/PA-65 Schedule
be included with business or rental
Line Instructions
B, Line 5.
income.
Line 1
Line 6
Pennsylvania-Taxable
Ordinary Dividend Income
Capital Gains Distributions
Dividend Income
from Federal Schedule K
Income
Pennsylvania law (72 P.S. § 7301(f))
Enter the amount reported on federal
Enter the amount reported on PA-
provides that dividends mean any
Schedule K. This number will also tie
20S/PA-65 Schedule M, Part A,
distribution in cash or property made
agree to PA-20S/PA-65 Schedule M,
Column d, Line 5, 7, 8 and 11.
by a corporation, association, or
Part A, Line 5, Column a. Include
business trust that is:
federal Schedule K-1 dividend income
Note.
Pennsylvania taxes
●
Out of accumulated earnings and
from other entities.
capital gains distributions
profits; or
from mutual funds as dividends.
●
Out of earnings and profits of the
year in which such dividend is paid.
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