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Owner

Line 2h. The entity must report the

Important.

See PA-20S/PA-

owner’s share of income (loss)

Fill in the oval that designates what

65 Schedule OC instructions

whether distributed or not. If

type of owner received the PA-20S/

for which credits must be applied to

reporting a loss fill in the oval.

PA-65 Schedule NRK-1. Fill in one

corporate tax liability prior to being

oval only.

passed through to the entity’s

Guaranteed payments should

owners.

not be included on Line 1 of

Partner

PA-20S/PA-65 Schedule

Fill in the oval that designates what

NRK-1.

Part IV

type of partner received the PA-20S/

PA-65 Schedule NRK-1. Fill in one

Distributions from

Line 2

oval only.

Partnerships

Net Gain (Loss) from the

Noncorporate shareholders and

Entity

Sale, Exchange or

partners should use the amounts

Fill in the oval that designates what

Disposition of Property

from PA-20S/PA-65 Schedule NRK-1,

type of entity issued the PA-20S/PA-

This figure will flow from PA-20S/PA-

Part IV through Part VII, (other than

65 Schedule NRK-1. Fill in one oval

65 Schedule D, Part I, Line 18. If

Line 10 and Line 15) to determine or

only.

reporting a loss fill in the oval.

calculate their Pennsylvania

economic investment in the entity.

Fiscal Year

Lines 3 through 5

Partners include Line 10 in net

If the PA S corporation, partnership

classified income on their

Enter the owner’s pro rata

or limited liability company filing as a

Pennsylvania tax returns.

distributive share of the separately

partnership or PA S corporation for

stated items of other Pennsylvania-

federal income tax purposes does not

Line 8

taxable income (loss) from the PA-

file on a calendar-year basis, fill in

20S/PA-65 Information Return. If

fiscal-year oval. Enter the month,

Distribution of Cash,

reporting a loss on Line 3 and/or Line

day and year (MMDDYY) when the

Marketable Securities and

5, fill in the oval.

fiscal year begins and ends.

Property Not Including

Guaranteed Payments

Short Year

Part III

Enter the partner’s share of such

A short year is an accounting period

distributions of cash, marketable

shorter than one year and not a 52-

Owner’s Share of

securities and property other than

53 week taxable year.

Pennsylvania Credits

guaranteed payments. Nontaxable

A short-year return is required for

Enter the owner’s pro rata

distributions reduce the nonresident’s

the following reasons:

distributive share of the separately

economic investment.

● Changes in the annual accounting

stated credits that the PA S

period. For example, the entity

Line 9

corporation or partnership passes

changes from a fiscal-year filer to a

through to the owners from the PA-

calendar-year filer; or

Guaranteed Payments for

20S/PA-65 Information Return.

● An entity is in existence during only

Capital or Other Services

part of the tax year. For example, if

Enter the partner’s share of

Line 6

the year is the initial year or the

guaranteed payments for capital or

entity sells or exchanges 50 percent

Pennsylvania Nonresident

other services. Guaranteed payments

or more of ownership interest.

Tax Withheld

are apportioned the same as

See the PA-20S/PA-65

Enter the Pennsylvania nonresident

business income. For example if the

instructions on how to file a short-

tax withheld from nonresident

guaranteed payment is $100 and the

year return.

owners of Pennsylvania that was

Pennsylvania apportionment is 50

submitted to the Pennsylvania

percent, then only $50 is included in

Line Instructions

Department of Revenue.

the business income.

Pennsylvania personal income tax

Include the excess withholding

paid on behalf of nonresidents of

rules classify distributions of

Part II

guaranteed payments for capital or

Pennsylvania if the owner will receive

Owner’s Distributive

a refund or credit of the excess.

other services as follows:

●

A withdrawal proportionately from

Share of Pennsylvania-

Line 7

the capital of all partners;

Source Income (Loss)

●

A gain from the disposition of the

Total Other Credits

recipient’s partnership interest and a

Enter the owner’s pro rata share

Line 1

loss from the disposition of the other

from PA-20S/PA-65 Information

partners’ partnership interests, to the

Pennsylvania Taxable

Return, Line 13a. The entity must

extent derived from the capital of the

Business Income (Loss)

provide the owner with a statement

other partners; and

from Operations

listing which credit(s) have been

●

A return of capital by the recipients

passed through to them.

Enter the owner’s pro-rata

to the extent derived from their own

distributive share from the PA-

capital. The distributions that the

20S/PA-65 Information Return,

- 4 -

Instructions for PA-20S/PA-65 Schedule NRK-1

Instructions For Form Pa-20s/pa-65 - Schedule Nrk-1 - Nonresident Schedule Of Shareholder/partner/beneficiary Pass Through Income, Loss And Credits - 2012 Page 4

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