Nebraska Beneficiary's Share of Income, Deductions, Modifications, and Credits

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Beneficiary's Share of Income, Deductions, Modifications, and Credits
Form 1041N-K-1NNebraska Schedule K-1N —

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Form 1041N
Schedule K-1N

Beneficiary’s Share of Income, Deductions, Modifications, and Credits
Estate’s or Trust’s Name and Mailing Address

2023

Beneficiary’s Name and Mailing Address

Name Doing Business As (dba)		

Name

Legal Name		
Street or Other Mailing Address		

Street or Other Mailing Address

City	

State	

Nebraska ID Number	

Federal ID Number	

ZIP Code	

Taxable Year of Organization		

City	

State	

ZIP Code

Nebraska ID Number	

Federal ID Number	

Social Security Number	

Spouse’s Social Security Number

	 Beginning _________________ , 20 _____ and Ending _________________ , 20 _____
	 If applicable, check the appropriate box:						
Final	

Amended

Check One:
Resident Individual	

Nonresident Individual	

Estate or Trust

Other (describe) ___________________________________________________

Part A- Beneficiary’s Share of Income and Deductions
1	 Ordinary business income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
	2	Net rental real estate income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	2
	3	Other rental income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 3
	4	Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	4
	5	Ordinary dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	5
	6	Net short-term capital gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	6
	7	Net long-term capital gain (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	7		
	8	 Other income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	8
	9	Estate tax deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	9
	10	 Other deductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	10
	11	 NE state and local income, sales and use taxes deducted under section 164 of the IRC
(from Schedules K-1N). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	11

Part B - Beneficiary’s Share of Modifications
	 12	 Qualified U.S. government interest deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	12
	13	 State and local bond interest and dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	13
Part C - Beneficiary’s Share of Credits
	 14	 Community Development Assistance Act credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 14
	15	 Form 3800N credits (see instructions)
		a	 Employment and Investment Growth Act. . . . . . . . . . . . . . . . . . . . . . . . . . 15 a	$____________
		b	 Nebraska Advantage Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 b	$____________
		c	 Nebraska Advantage Rural Development Act . . . . . . . . . . . . . . . . . . . . . . 15 c	$____________
		d	 Nebraska Advantage Research and Development Act . . . . . . . . . . . . . . . 15 d	$____________
		e	 New Markets Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 e	$____________
		f 	 Nebraska Historic Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 f	 $____________
		g ImagiNE Nebraska Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 g	$____________
		h Key Employer and Jobs Retention Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 h 	$____________
		i Urban Redevelopment Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 i	$____________
		j	 Renewable Chemical Production Tax Credit Act. . . . . . . . . . . . . . . . . . . . . 15 j	 $ ____________
		k Nebraska Higher Blend Tax Credit Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 k	$____________
l Affordable Housing Tax Credit.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 l	$____________
Total of 15a through 15l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	 15
	16	 Employer’s credit for expenses incurred for TANF (ADC) recipients (see instructions). . . . . . . . . .  	 16
	17	 NE employer tax credit for employing convicted felons.
Enter certificate number from Form ETC-A____________________ . . . . . . . . . . . . . . . . . . . . . .  	17
	18	 Nebraska income tax withholding (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  	18
	19	 Total PTET credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
		
a 2018 $_________________ b 2019 $_________________ c 2020 $_________________
		
d 2021 $_________________ 	e 2022 $_________________ 	f 2023 $_________________		 19
revenue.nebraska.gov, 800-742‑7474 (NE and IA), 402-471-5729
8-693-2023

Extracted from PDF file 2023-nebraska-form-1041n-k-1n.pdf, last modified January 2024

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More about the Nebraska Form 1041N-K-1N Corporate Income Tax Tax Credit TY 2023

We last updated the Beneficiary's Share of Income, Deductions, Modifications, and Credits in February 2024, so this is the latest version of Form 1041N-K-1N, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 1041N-K-1N directly from TaxFormFinder. You can print other Nebraska tax forms here.

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Other Nebraska Corporate Income Tax Forms:

TaxFormFinder has an additional 34 Nebraska income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form 1041N	Nebraska Fiduciary Income Tax Return, with Schedules I, II, and III Tax Return
Form 1120-SN Booklet	S Corporation Income Tax Booklet - Forms & Instructions Tax Return
Form 1041N-K-1N	Beneficiary's Share of Income, Deductions, Modifications, and Credits Tax Credit
Form 1065N	Nebraska Return of Partnership Income, with Schedule A - Partnership with other Income and Deductions - Adjustments to Ordinary Business Income
Form 1120-SN	Nebraska S Corporation Income Tax Return with Schedule A - Adjustments to Ordinary Business Income Tax Return

Download all NE tax forms View all 35 Nebraska Income Tax Forms

Form Sources:

Nebraska usually releases forms for the current tax year between January and April. We last updated Nebraska Form 1041N-K-1N from the Department of Revenue in February 2024.

Show Sources >

Form 1041N-K-1N is a Nebraska Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Nebraska Form 1041N-K-1N

We have a total of eleven past-year versions of Form 1041N-K-1N in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form 1041N-K-1N

2022 Form 1041N-K-1N

2021 Form 1041N-K-1N

2020 Form 1041N-K-1N

2019 Form 1041N-K-1N

2018 Form 1041N-K-1N

2017 Form 1041N-K-1N

2016 Form 1041N-K-1N

2015 Form 1041N-K-1N

Beneficiary's Share of Income, Deductions, Modifications, and Credits€(1/2015)

2014 Form 1041N-K-1N

Form 1041N-K-1N

Nebraska Schedule K-1N – Beneficiary's Share of Income, Deductions, Modifications, and Credits (1/2014)

2013 Form 1041N-K-1N

Form 1041N-K1N

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