Alabama Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S)

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Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S)
Schedule K-1 (Form 20S)SCHEDULE

K-1

Reset Form

(Form 20S)

*2300062S*

AlAbAmA DepArtment of revenue
Income tAx ADmInIstrAtIon DIvIsIon

shareholder’s share of
Income, Deductions, credits, etc.

•  Electing Pass-Through Entity

2023
•  Final K-1

SEE INSTRUCTIONS

Tax year beginning _________________, 2023 and ending _________________, 20_____

PART I

PART III

Information About the Corporation

A

Corporation’s Employer Identification Number

B

Corporation’s name, address, city, state, and zip code

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

Distributive share allocated and
apportioned to Alabama
G

Ordinary income (loss)

Distributive share to be reported by
Alabama Residents
G2

•
H

Net rental real estate income (loss)

C

Information About the Shareholder

Shareholder’s identifying number

I2

RESERVED FOR FUTURE USE

J

Portfolio income

J2

Portfolio income

K

•
L

•

•
K2

Other income (loss)

City

State

Zip

•

•

•

1. What type of entity is this shareholder?

M

• Nominee

N

4. Check if owner/shareholder is nonresident •  Nonresident
If a nonresident, provide state of legal residence: •
Credits from Schedule PC
Code
Maximum Allowable
1. •
•
2. •
•
3. •
•

Section 179 Deduction

Contributions
Investment interest expense

O2

Other deductions
Oil and gas depletion
Casualty losses
Tax-exempt income
Nondeductible expenses
Distributions
Investment income
Investment expenses
Other items and amounts

•
Z

Investment income

•
X2

•
Y

Distributions

•
W2

•
X

Nondeductible expenses

•
V2

•
W

Tax-exempt income

•
U2

•
V

Casualty losses

•
T2

•
U

Oil and gas depletion

•
S2

•
T

Other deductions

•
R2

•
S

Investment interest expense

•
Q2

•
R

Contributions

•
P2

•
Q

Section 179 Deduction

•
•  Nondeductible

•
P

Nonbusiness items

•
N2

•
•  Nondeductible
O

Other income (loss)

•
M2

•

2. Shareholder’s percentage of stock ownership for tax year

•
%
3. •  Schedule NRA filed

Nonbusiness items

Net capital gain (loss)

•
L2

•

•

F

Net capital gain (loss)

•

Street

E

•

RESERVED FOR FUTURE USE

•

Name

Net rental real estate income (loss)

I

•
D

Ordinary income (loss)

•
H2

•

PART II

•  Amended K-1

Investment expenses

•
Y2

Other items and amounts

•

Composite Payment/Electing PassThrough Entity Credit

•
AA

US taxes paid

•
AB

Repayment of loans from shareholders

•
AC

Dividend Distributions from AE&P

•

AA2 US taxes paid

•
AB2 Repayment of loans from shareholders

•
AC2 Dividend Distributions from AE&P

•
ADOR

Extracted from PDF file 2023-alabama-schedule-k-1-form-20s.pdf, last modified August 2019

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More about the Alabama Schedule K-1 (Form 20S) Corporate Income Tax TY 2023

We last updated the Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S) in January 2024, so this is the latest version of Schedule K-1 (Form 20S), fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule K-1 (Form 20S) directly from TaxFormFinder. You can print other Alabama tax forms here.

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Related Alabama Corporate Income Tax Forms:

TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Alabama Schedule K-1 (Form 20S).

Form Code	Form Name
Schedule K1 (Form 65)	Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1)
Schedule K-1 (Form 41)	Fiduciary Income Tax Beneficiary Information (K-1)
Schedule KRCC	Project/Distributing Entity Share Of Capital Credit Tax Credit
Schedule KRCC-B	Recipient’s Share Of Capital Credit For Business Entities, Including Trusts
Schedule KRCC-I	Recipient’s Share Of Capital Credit For Individual Taxpayers

Download all AL tax forms View all 48 Alabama Income Tax Forms

Form Sources:

Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Schedule K-1 (Form 20S) from the Department of Revenue in January 2024.

Show Sources >

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 Alabama Schedule K-1 (Form 20S)

We have a total of three past-year versions of Schedule K-1 (Form 20S) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Schedule K-1 (Form 20S)

2022 Schedule K-1 (Form 20S)

2021 Schedule K-1 (Form 20S)

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