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INSTRUCTIONS FOR SC1065 K-1

General purpose SC1065 K-1 is prepared by the partnership to show each partner's share of the entity's

income. Each item of income is adjusted as required by South Carolina law and allocated or apportioned

to South Carolina or to states other than South Carolina.

Column A, lines 1 through 13 - Enter amounts from the federal Schedule K-1.

Column B, lines 1 through 13 - Enter the partner's share of plus or minus South Carolina adjustments to

federal taxable income (loss) from SC-K Worksheet, column B.

Column C, lines 1 through 13 - Enter the partner's share of income (loss) or deductions allocated or

apportioned to states other than South Carolina.

Column D, lines 1 through 13 - Enter the partner's share of income (loss) or deductions allocated or

apportioned to South Carolina.

Line 14 Partnerships are required to withhold 5% of the South Carolina taxable income of nonresident

partners. Partnerships must provide nonresident partners a federal Form 1099 MISC with "South Carolina

Only" written at the top showing respective amounts of income and tax withheld. Enter the tax withholding

amount on line 14.

Line 15 through 18 List the partner's share of applicable South Carolina credits.

Instructions for Partnership - Include SC1065 K-1 with your SC1065 Partnership Return. Provide a

copy to the partner.

Instructions for Partner - If filing a paper return, attach to your Income Tax Return. If filing electronically,

keep with your records.

Social Security Privacy Act Disclosure

It is mandatory that you provide your social security number on this tax form. 42 U.S.C 405(c)(2)(C)(i)

permits a state to use an individual's social security number as means of identification in administration of

any tax. SC Regulation 117-201 mandates that any person required to make a return to the SC

Department of Revenue shall provide identifying numbers, as prescribed, for securing proper

identification. Your social security number is used for identification purposes.

The Family Privacy Protection Act

Under the Family Privacy Protection Act, the collection of personal information from citizens by the

Department of Revenue is limited to the information necessary for the Department to fulfill its statutory

duties. In most instances, once this information is collected by the Department, it is protected by law from

public disclosure. In those situations where public disclosure is not prohibited, the Family Privacy

Protection Act prevents such information from being used by third parties for commercial solicitation

purposes.

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SC1065 K-1 I

(Rev. 5/27/11) 3515

Form Sc1065 K-1 - South Carolina Partner'S Share Of South Carolina Income, Deductions, Credits, Etc. Page 2