Form 58 - Partnership Income Tax - 2013 (Page 12 of 35) in pdf

Part 1

Part 3

North Dakota Schedule K-1 (Form 58)

Partnership information

All partners—

must be used by a partnership to provide

information that partners will need to

North Dakota adjustments

Items A and B

complete a North Dakota income tax return.

and tax credits

The information to be included in the

Enter the name, address, and federal

If there are any North Dakota adjustments or

schedule will depend on the type of partner.

employer identiﬁ cation number (FEIN) of the

tax credits on Form 58, Schedule K, lines 1

partnership shown on the partner’s Federal

North Dakota Schedule K-1 (Form 58) must

through 22, complete this part for all partners.

Schedule K-1.

be completed and given to:

Lines 1 and 2

Part 2

• Each nonresident individual, estate, or

Multiply each amount shown on Form 58,

Partner information

trust partner.

Schedule K, lines 1 and 2, by the same

percentage used to determine the partner’s

• Each partner to which a share of a North

Item C

distributive share of income (loss) from the

Dakota adjustment or tax credit (from

Enter the social security number or federal

partnership.

Form 58, Schedule K, lines 1 through 22)

employer identiﬁ cation number (FEIN) of

is distributed.

Lines 3 through 5

the partner shown on the partner’s Federal

• A partnership or corporation partner

Schedule K-1. If the partner is a single

Enter the partner’s share of each amount

to which a share of the apportionment

member limited liability company and is

shown on Form 58, Schedule K, lines 3

factors from Form 58, Schedule FACT

treated as a disregarded entity for federal

through 5, on the corresponding lines of

(as reportable in Part 6 of North Dakota

income tax purposes, enter the owner’s

Part 3, lines 3 through 5.

Schedule K) is distributed.

identifying number.

Line 6

• A tax-exempt organization partner.

Item D

Multiply the amount on Form 58, Schedule K,

Enter the name and address of the partner

A North Dakota Schedule K-1 (Form 58)

line 6, by the same percentage used to

shown on the partner’s Federal Schedule

does not have to be given to a North Dakota

determine the partner’s distributive share of

K-1. If the partner is a single member

resident individual, estate, or trust if there are

income (loss) from the partnership.

limited liability company and is treated

no North Dakota adjustments or tax credits on

as a disregarded entity for federal income

Schedule K. All income of a North Dakota

Lines 7 through 22

tax purposes, enter the owner’s name and

resident individual, estate, or trust is subject

Enter the partner’s share of each amount

address.

to North Dakota income tax, regardless of its

shown on Form 58, Schedule K, lines 7

source.

through 22, on the corresponding lines of

Item E

Part 3, lines 7 through 22.

In addition to the North Dakota Schedule K-1

Enter the same code letter shown in Column 3

(Form 58), the partnership must provide

of Schedule KP of Form 58.

Part 4

the partner with a copy of the Partner’s

Nonresident individual,

Item F

Instructions for North Dakota Schedule K-1

estate, or trust partner

If the partner is an individual, estate, or trust,

(Form 58).

mark the applicable circle to indicate the

only— North Dakota income

A copy of all North Dakota Schedule K-1

legal residency status of the partner for North

(loss)

forms must be enclosed with Form 58 along

Dakota income tax purposes. If an individual

with any required supporting statements.

Complete Part 4 for only a nonresident

partner changed his or her legal residency to

individual, estate, or trust partner.

or from North Dakota during the tax year,

Amended schedule. If a partnership ﬁ les an

mark the part-year resident status. In the case

amended Federal Form 1065 (or 1065-B),

Line 23

of an estate or trust partner, only the full-year

Partnership’s apportionment factor

or if the IRS makes any changes to the

resident or full-year nonresident status will

partnership’s federal return, the partnership

Enter the partnership’s apportionment factor

apply.

must ﬁ le an amended Form 58 for the same

from Schedule FACT, line 14.

tax year, and must issue amended North

Item G

Lines 24 through 37

Dakota Schedule K-1 forms to its partners.

Income and loss items

For only a nonresident individual partner,

Mark the “Amended” circle at the top of the

indicate whether the partner is included in a

Except as provided under Exceptions 1

North Dakota Schedule K-1 (Form 58).

composite return ﬁ led by the partnership by

through 3 below, multiply the corresponding

Final schedule. Mark the “Final” circle at

marking the applicable circle.

amount from the partner’s Federal

the top of the North Dakota Schedule K-1

Schedule K-1, Part III, boxes 1 through 13,

Item H

(Form 58) if it is the last one to be issued by

and any I.R.C. § 179 property disposition

Enter the partner’s proﬁ t and loss percentages

the partnership to the partner.

gain (loss) included in box 20 by the

shown on the partner’s Federal Schedule K-1.

partnership’s apportionment factor from

Schedule FACT, line 14, and enter the result

Item I

on the corresponding line of Part 4, lines 24

Enter the partner’s ownership percentage as

through 37.

provided in the partnership agreement.

Form 58 - Partnership Income Tax - 2013 Page 12

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