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2011

Pennsylvania Department of Revenue

Instructions for PA-20S/PA-65 Schedule RK-1

Resident Schedule of Shareholder/Partner/Beneficiary

Pass Through Income, Loss and Credits

What’s New

returns. The PA S corporation or

corporation. However, the caveat is

partnership must also retain a copy

that a PA-20S/PA-65 Schedule RK-1

A short-year return oval was added.

of all PA-20S/PA-65 Schedules RK-1

must be issued to a corporate owner

Starting with tax year 2011, the

as part of the entity’s records.

if a credit from PA-20S/PA-65

entity is required to indicate if the

Owners that are estates, trusts,

Schedule OC has been allocated from

return is a short-year return and

other PA S corporations, other

the entity.

indicate a beginning and ending tax

partnerships, and other pass through

period date.

entities receive both PA-20S/PA-65

Important.

The information

Schedules RK-1 and NRK-1. The

on the PA-20S/PA-65

Pennsylvania-taxable income passes

General Information

Schedule RK-1 has no relevance to C

through to the final taxpayer.

corporations except if a credit from

Therefore, the immediate partners

PA-20S/PA-65 Schedule OC has been

Purpose of Schedule

and shareholders must know the

allocated on the PA Schedule RK-1,

total Pennsylvania-taxable income in

Line 9. Otherwise, the only

Pennsylvania residents receive PA-

the event the final owner is a

information relevant to a corporate

20S/PA-65 Schedule RK-1. Partners/

Pennsylvania resident. In the event

taxpayer is the PA-20S/PA-65

members/shareholders (owners) who

that the final owner is a nonresident

Schedule H-Corp.

are individuals, estates or trusts are

of Pennsylvania, the owner must

subject to Pennsylvania personal

know Pennsylvania-source taxable

CD Format for

income tax on their share of the

income.

entity’s income, whether or not the

Schedules RK-1

income is actually distributed.

PA Schedule RK-1 for

and/or NRK-1

Owners who are individuals, estates

or trusts who reside in Pennsylvania

Corporate Partners

Entities that have 100 or more

are taxed on their share of the

owners may submit the PA Schedules

entity’s income, regardless of the

RK-1/NRK-1 in CD format; however,

Paper Returns and

source of the income.

they must meet the department’s

Electronic Filed Returns

The PA-20S/PA-65 Schedule RK-1

specifications. To receive the

provides each partner/member/

The PA-20S/PA-65 Schedule RK-1

department’s specifications for CD

shareholder (owner) their share of

submitted with the PA-20S/PA-65

format, please send a request to

income, losses and credits from the

Information Return does not need to

RA-PTBO@pa.gov

partnership, PA S corporation, estate,

be issued to corporate taxpayers

Only PA-20S/PA-65 Schedules

trust, and/or entity formed as a

unless a credit from the PA-20S/PA-

RK-1/NRK-1 can be included on the

limited liability company that is

65 Schedule OC has been allocated.

CD. Do not include federal returns,

classified as a partnership or S

Partnerships, PA S corporations,

federal schedules K-1 and PA-

corporation for federal income tax

estates, trusts and/or limited liability

20S/PA-65 Information Returns.

purposes.

companies must submit PA-20S/PA-

These documents must be sent in

A PA-20S/PA-65 Schedule RK-1

65 Schedule RK-1 with the applicable

paper form when submitting the

must be completed for every

Pennsylvania tax returns.

Schedules RK-1/NRK-1 in CD format.

Pennsylvania resident owner in a

If a corporate taxpayer receives a

The PA-20S/PA-65 Information

partnership, S corporation, estate,

PA-20S/PA-65 Schedule RK-1, the

Return will be considered incomplete

trust, and/or entity formed as a

amount from Line 9, Total Other

if the federal information is not

limited liability company that is

Credits, must be reported on the

included with the paper return.

classified as a partnership or S

appropriate Pennsylvania tax return.

Pennsylvania offers another

corporation for federal income tax

option, electronic filing, that does not

purposes.

Note.

The entity can issue

have a filing limit on the number of

A copy of the PA-20S/PA-65

either a PA-20S/PA-65

PA Schedules RK-1/NRK-1.

Schedules RK-1 for each partner/

Schedule RK-1 or NRK-1 for the C

To obtain the electronic filing and

member/shareholder (owner) must

corporation. For most practitioners,

payment formats or to obtain

accompany the PA-20S/PA-65

the determining factor in whether a

additional information on electronic

Information Return. Owners must

PA-20S/PA-65 Schedule RK-1 or PA-

filing and payment options visit

receive a copy or copies to prepare

20S/PA-65 Schedule NRK-1 would be

Revenue’s e-Services Center on the

Pennsylvania tax or information

issued is dependent upon the

department’s website.

commercial domicile of the C

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Instructions For Pa-20s/pa-65 Schedule Rk-1 - Resident Schedule Of Shareholder/partner/beneficiary Pass Through Income, Loss And Credits - 2011

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