Kentucky Schedule K-1 (Form 720s) - Shareholder'S Share Of Income, Credits, Deductions, Etc. - 2014

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(Form 720S)

*1400030260*

2014

KENTUCKY

SCHEDULE K-1

41A720S(K-1)

HAREHOLDER’S

HARE

Commonwealth of Kentucky

DEPARTMENT OF REVENUE

, C

, D

, E

NCOME

REDITS

EDUCTIONS

➤ See instructions.

For calendar year 2014 or fiscal year beginning _______________ , 2014, and ending _______________ , 201 ___.

Shareholder’s identifying

S corporation’s FEIN

Kentucky Corporation/LLET

number ➤

Account Number ➤

➤

Shareholder’s name, address and ZIP code

S corporation’s name, address and ZIP code



Check if applicable:

Qualified investment pass-through entity

A. Shareholder’s percentage of stock ownership for tax year ...............................................................................................➤

B. (1) Resident shareholder's taxable percentage of pro rata share items .........................................................................➤

100%

(2) Nonresident shareholder’s taxable percentage of pro rata share items (see Schedule A, Section I, line 12) .................➤



C. What type of entity is this shareholder?

Individual

Estate

Trust

Single Member LLC

D. Check the box if nonresident shareholder’s income is reported on:



Kentucky Nonresident Income Tax Withholding on Distributive Share Income Report

and Composite Income Tax Return (Form 740NP-WH and Form PTE-WH)



E. Check if applicable:

(1)

Final K-1

(2)

Amended K-1

IMPORTANT: Refer to Shareholder’s Instructions for Schedule K-1 before entering information from Schedule K-1 on your tax return.

(a) Pro Rata Share Items

(b) Amount

Income (Loss)

Ordinary income (loss) from trade or business activities ..........................................................................................

Net income (loss) from rental real estate activities ....................................................................................................

Net income (loss) from other rental activities ............................................................................................................

Portfolio income (loss):

(a) Interest ...................................................................................................................................................................

4(a)

(b) Dividends ...............................................................................................................................................................

(b)

(c)

Royalties ................................................................................................................................................................

(c)

(d) Net short-term capital gain (loss) ........................................................................................................................

(d)

(e) Net long-term capital gain (loss)..........................................................................................................................

(e)

(f)

Other portfolio income (loss) (attach schedule) ..................................................................................................

(f)

Section 1231 net gain (loss) (other than due to casualty or theft) ............................................................................

Other income (loss) (attach schedule) .........................................................................................................................

Deductions

Charitable contributions (attach schedule) and housing for homeless deduction (attach Schedule HH) ..............

IRC Section 179 expense deduction (attach federal Form 4562 and Kentucky Form 4562) ....................................

Deductions related to portfolio income (loss) (attach schedule) ...............................................................................

10.

Other deductions (attach schedule) ............................................................................................................................. 10

Investment Interest

11.

(a) Interest expense on investment debts ................................................................................................................ 11(a)

(b) (1) Investment income included on lines 4(a), 4(b), 4(c) and 4(f) above ........................................................ (b)(1)

(2) Investment expenses included on line 9 above ..........................................................................................

(2)

Tax Credits

12.

Kentucky Small Business Investment Tax Credit ........................................................................................................

13.

Skills Training Investment Tax Credit ............................................................................................................................

14.

Certified Rehabilitation Tax Credit ................................................................................................................................

15.

Kentucky Unemployment Tax Credit ............................................................................................................................

16.

Recycling/Composting Equipment Tax Credit .............................................................................................................

17.

Kentucky Investment Fund Tax Credit ..........................................................................................................................