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Form Nc K-1 - Shareholder'S Share Of North Carolina Income, Adjustments, And Credits

NC K-1

Shareholder’s Share of North Carolina

Income, Adjustments, and Credits

CD-401S

Web

North Carolina Department of Revenue

10-11

1 1

For calendar year 2011, or other tax year beginning (MM-DD)

and ending (MM-DD-YY)

Part 1. Information about the Corporation

Part 2. Information about the Shareholder

A. Corporation’s Employer Identification Number

A. Shareholder’s Identifying Number

B. Corporation’s Name, Address, and Zip Code

B. Shareholder’s Name, Address, and Zip Code

C. Has Nonresident Shareholder Agreement Form NC-NA been filed?

C. Shareholder’s percentage of stock

ownership for tax year

Check one:

Yes

Part 3. Shareholder’s Share of Current Year Income, Deductions, Credits, and Other Items

All Shareholders

Share of corporation income (loss)

(From Form CD-401S, Schedule K, Line 5)

Line 1 should already be included in federal taxable income

Additions to income (loss)

(From Form CD-401S, Schedule K, Line 6)

a. Addition for bonus depreciation

Enter here and on Form D-400, Page 3, Line 38

b. Other additions to income (loss)

Enter here and on Form D-400, Page 3, Line 40

Deductions from income (loss)

(From Form CD-401S, Schedule K, Line 7)

a. Deduction for bonus depreciation

Enter here and on Form D-400, Page 3, Line 48

b. Other deductions from income (loss)

Enter here and on Form D-400, Page 4, Line 52

Share of tax credits

(From Form CD-401S, Schedule K, Line 9)

Enter here and on Form D-400TC; see Form D-400 Instructions

Share of tax withheld from nonwage compensation paid for personal services

performed in N.C.

(From Form CD-401S, Schedule K, Line 10)

Enter here and on Form D-400, Page 2, Line 19

Nonresidents Only

Nonresident’s share of N.C. taxable income (loss)

(From Form CD-401S, Schedule K, Line 11)

Enter here and on Form D-400, Page 4, Line 54

Nonresident’s share of separately stated items of income

(From Form CD-401S, Schedule K, Line 12)

Line 7 should already be included in federal taxable income

8. Nonresident’s share of net tax paid by the S Corporation

(From Form CD-401S, Schedule K, Line 13)

Enter here and on Form D-400, Page 2, Line 20d

Attach additional NC K-1s if needed. Additional forms are available from the Department’s

website, , or by calling the Department’s toll free forms line at 1-877-252-3052.

Form Nc K-1 - Shareholder'S Share Of North Carolina Income, Adjustments, And Credits

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