Schedule K-1 (Form 60) - Shareholder'S Share Of North Dakota Income (Loss), Deductions, Adjustments, Credits, And Other Items - 2012 Page 2
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3North Dakota Offi ce of State Tax Commissioner
2012
Shareholder’s Instructions for North Dakota Schedule K-1 (Form 60)
Purpose of schedule
Amended Schedule K-1 (Form 60). If
Line 13b
See instructions to
you received an amended North Dakota
ND-1, line 4a
North Dakota Schedule K-1 (Form 60)
Schedule K-1 (Form 60) from the
Line 14
Sch. ND-1TC, line 13a
is provided to you by the corporation to
corporation, and you previously fi led a North
Line 15
Sch. ND-1TC, line 15
show your share of the income, gains,
Dakota income tax return to report your share
Line 16a
Sch. ND-1TC, line 11a
losses, deductions, and other items from
of income, etc., from the corporation, you
Line 16b
Sch. ND-1TC, line 11b
the corporation that you need to complete
must fi le an amended North Dakota income
Line 17
Sch. ND-1TC, line 19
your North Dakota income tax return. These
tax return to report the changes in income,
instructions will assist you in transferring
gains, losses, and deductions. You also must
the amounts from the schedule to your North
Form 38 fi ler:
attach a copy of the amended North Dakota
Dakota income tax return.
Include the amount
Schedule K-1 (Form 60) to your amended
from this schedule:
On:
Resident individual, estate, or trust
North Dakota income tax return.
Line 1
Form 38, page 2, Part 1,
shareholder. If you are a North Dakota
Note: Any reference to another North
line 4a
resident individual, estate, or trust, you must
Dakota form and line number contained
Line 2
Sch. RZ, Part 1, line 14
report to North Dakota your entire share of
in these instructions is a reference to the
Line 3
Form 38, page 2, Part 1,
the corporation’s income, gains, losses, and
form to be used for the 2012 tax year.
line 4d
deductions included in your federal taxable
Therefore, report the amounts from the
Line 4a
Sch. RZ, Part 4, line 7
income. You have received North Dakota
2012 North Dakota Schedule K-1 on your
Line 4b
Sch. RZ, Part 5, line 4
Schedule K-1 only to show your share of
2012 North Dakota return. However, if you
Line 4c
Sch. RZ, Part 6, line 6
the corporation’s North Dakota statutory
and the S corporation do not have the same
Lines 5-8
Form 38, page 1, line 3
adjustments or tax credits that may affect the
tax year, enter the amounts on the North
Line 9
Not applicable
preparation of your North Dakota income tax
Dakota return that you fi le for the tax year
Lines 10-12
Form 38, page 1, line 3
return. See the instructions to Part 3.
in which the S corporation’s tax year ends.
Line 13a
Form 38, page 1, line 3
Nonresident individual, estate, or trust
For example, if you fi le on a calendar year
Line 13b
See instructions to
shareholder. If you are a nonresident
basis, and the S corporation’s year ends in
Form 38, Part 1, line 2
individual, estate, or trust, you must report to
February 2013, report the amounts on your
Lines 14-15
Form 38, page 1, line 3
North Dakota your share of the corporation’s
2013 return.
Line 16a
Form 38, page 1, line 3
income, gains, losses, and deductions that are
Line 16b
Form 38, page 1, line 3
apportioned and allocated to North Dakota
Part 3
Line 17
Form 38, page 1, line 3
based on the corporation’s activity in North
All shareholders–North Dakota
Dakota. These items are shown in Part 4 of
adjustments and tax credits
Part 4
North Dakota Schedule K-1. Unless you are a
Nonresident individual, estate, or
Note: Wherever you see “Not applicable”
nonresident individual who elected to include
trust shareholders only–
in the right-hand column of the following
North Dakota income (loss)
your share of these items in a composite
lists, it means that the item does not apply to
return fi led on your behalf by the corporation,
the return being completed; do not enter the
Line 18
you must fi le a North Dakota income tax
item on the return.
return to report and pay the required income
Enter the corporation’s apportionment factor
tax on them.
from Schedule FACT, line 14.
Lines 1–17
Composite return election. If you are a
Form ND-1 fi ler:
Lines 19-31
nonresident individual who elected to include
Include the amount
If you are a nonresident individual, estate,
your share of the corporation’s North Dakota
from this schedule:
On:
or trust, lines 19 through 31 of Part 4 show
income, gains, losses, and deductions in a
Line 1
Form ND-1, line 7
your share of the corporation’s North Dakota
composite return fi led by the corporation,
Line 2
Sch. RZ, Part 1, line 14
income, gains, losses, and deductions that you
you are not required to fi le a North Dakota
Line 3
Form ND-1SA, line 2
must report on your North Dakota income tax
individual income tax return. If this
Line 4a
Sch. RZ, Part 4, line 7
return. Transfer these amounts to your North
applies to you, you received North Dakota
Line 4b
Sch. RZ, Part 5, line 4
Dakota income tax return as instructed below
Schedule K-1 to show your share of these
Line 4c
Sch. RZ, Part 6, line 6
based on the type of return you are fi ling.
items and the composite income tax paid on
Line 5
Sch. ND-1TC, line 4
If the full amount of any item is not included
them. If you later choose to fi le your own
Line 6
Sch. ND-1TC, line 3
in your adjusted gross income on your federal
North Dakota individual income tax return,
Line 7
Sch. ND-1TC, line 6
income tax return because of limitations on
follow the instructions below to transfer the
Line 8
Sch. ND-1TC, line 7
the deductibility of a passive activity loss,
amounts from North Dakota Schedule K-1 to
Line 9
Sch. ND-1TC, line 14b
capital loss, section 179 deduction, or for
your return.
Line 10
Sch. ND-1TC, line 8a
any other reason, enter on your North Dakota
Line 11
Sch. ND-1TC, line 9a
return only that portion of the item included
Line 12
Sch. ND-1TC, line 10a
in your federal adjusted gross income.
Line 13a
Sch. ND-1TC, line 12
Page 1
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