Instructions For Pa-41 Schedule Rk-1 - 2013 printable pdf download

2013

Pennsylvania Department of Revenue

Instructions for PA-41 Schedule RK-1

Resident Schedule of Shareholder/Partner/Beneficiary

Pass Through Income, Loss and Credits

or trust includes a copy of the PA-41

year to be amended and fill in the

GENERAL INFORMATION

Schedule RK-1.

“Amended Schedule” oval at the top of

the schedule. Do not send a copy of the

Part-Year Resident and

PURPOSE OF SCHEDULE

original schedule. Complete the sched-

Entity Beneficiaries

Trusts and estates use PA-41 Sched-

ule by entering the corrected informa-

The estate or trust must provide both

ule RK-1 to report income and losses

tion and submit it with the amended

PA-41 Schedules RK-1 and NRK-1 to

PA-41, Fiduciary Income Tax Return.

by class of income to each of its resi-

any beneficiary that was a/an:

See “Where To File” in the PA-41 in-

dent beneficiaries. A PA-41 Schedule

•

structions.

individual who was a part-year

RK-1 is prepared for each individual

Pennsylvania resident;

resident beneficiary or entity benefici-

•

estate or trust;

COMPLETING

ary showing the share of income

•

PA S corporation;

(losses) by class and other items re-

PA-41 SCHEDULE RK-1

•

Partnership; or

quired to be reported.

Foreign Address Standards

•

entity formed as a limited liability

Trust and estate beneficiaries are sub-

If the estate or trust is located outside

company classified as a partner-

ject to Pennsylvania personal income

the U.S., it is important to write the for-

ship or PA S corporation for federal

tax on their shares of the trust’s/es-

eign address on the PA-41 Schedule

income tax purposes.

tate’s distributed or distributable in-

RK-1 according to U.S. Postal Service

Both schedules for each such benefici-

standards.

come. Trust and estate beneficiaries

ary must also be submitted with the

who reside in Pennsylvania are taxed

PA-41 Fiduciary Income Tax Return.

Failure to use these standards may

on their share of trust or estate in-

delay any refunds requested or corre-

IMPORTANT: The department

come, regardless of income source.

spondence necessary to complete the

does not accept federal Form

processing of the return.

1041 Schedule K-1 because the sched-

The PA-41 Schedule RK-1 provides

ule does not properly reflect the classi-

To comply with foreign address stan-

each beneficiary their share of Penn-

fied

Pennsylvania-taxable

income

dards, use the following rules when

sylvania-taxable income from the es-

amounts.

completing the address portion of the

tate or trust. Pennsylvania resident

PA-41 Schedule RK-1.

PA-41 Schedules RK-1 submitted to

beneficiaries receive PA-41 Schedules

resident and entity beneficiaries should

RK-1.

•

Eliminate apostrophes, commas,

reflect the taxable income to Pennsyl-

periods and hyphens.

Who Should Receive a PA-41

vania residents even if the estate or

•

Write the name of the estate or

Schedule RK-1

trust is a nonresident.

trust in the space provided.

How To Amend

A PA-41 Schedule RK-1 must be com-

•

Write the name and title of the fidu-

PA-41 Schedule RK-1

pleted for every Pennsylvania resident

ciary in the space provided.

Where an amendment to the PA-41, Fi-

beneficiary who is an individual. A copy

•

Write the address in the space pro-

duciary Income Tax Return, results in a

vided, including street and building

of the PA-41 Schedule RK-1 for each

need to amend the PA-41 Schedule

name and number, apartment or

resident beneficiary who is an individual

RK-1, an amended PA-41 Schedule

suite numbers, city name, and city

must accompany the estate’s or trust’s

RK-1 must be forwarded to the PA

or provincial codes.

PA-41 Fiduciary Income Tax Return.

Department of Revenue with the

•

Write only the name of the country

Estates and trusts are required to pre-

amended tax return, and a copy must

in the space provided for the city or

pare both PA-41 Schedules RK-1 and

be provided to each beneficiary.

post office.

NRK-1 for entity beneficiaries that are

•

Do not include any entries in the

An amended PA-41, Fiduciary Income

estates or trusts, PA S corporations;

state or ZIP code spaces on the

Tax Return, and an amended PA-41

partnerships; entities formed as limited

PA-41 Schedule RK-1.

Schedule RK-1 for each beneficiary

liability companies classified as partner-

Providing the address in this format will

must also be filed to correct any error

ships or PA S corporations for federal

better ensure that the department is

on or reflect any change to the original

income tax purposes.

PA- PA-41, Fiduciary Income Tax Re-

able to send a refund on a timely basis

turn, whether or not an amended fed-

or contact the estate or trust if additional

Resident Beneficiary (Individual)

eral Form 1041 was filed for that year.

information is required.

If the beneficiary’s last known address

indicates they were a resident benefi-

To amend an original PA-41 Schedule

Below are examples of properly com-

ciary for an entire tax year, the estate

RK-1, use a blank schedule for the tax

pleted foreign addresses.

PA-41 Schedule RK-1

Instructions For Pa-41 Schedule Rk-1 - 2013

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