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Federal Free Printable 2019 Schedule K-1 (Form 1120-S) for 2020 Federal Shareholder’s Share of Income, Deductions, Credits, etc.

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Shareholder’s Share of Income, Deductions, Credits, etc.
2019 Schedule K-1 (Form 1120-S)

671119 2019 Schedule K-1 (Form 1120-S) Department of the Treasury Internal Revenue Service beginning / / Part III Shareholder’s Share of Current Year Income, Deductions, Credits, and Other Items 1 Ordinary business income (loss) / 2 Net rental real estate income (loss) 3 Other net rental income (loss) 4 Interest income 2019 ending / Information About the Corporation A Corporation’s employer identification number 5a Ordinary dividends B Corporation’s name, address, city, state, and ZIP code 5b Qualified dividends C 6 Royalties 7 Net short-term capital gain (loss) Shareholder’s identifying number 8c Unrecaptured section 1250 gain E Shareholder’s name, address, city, state, and ZIP code 9 . 14 Foreign transactions . . Net section 1231 gain (loss) 10 Other income (loss) 15 Alternative minimum tax (AMT) items 11 Section 179 deduction 16 Items affecting shareholder basis 12 Other deductions 17 Other information % For IRS Use Only Shareholder’s percentage of stock ownership for tax year . . . . Credits 8b Collectibles (28%) gain (loss) Information About the Shareholder D F 13 8a Net long-term capital gain (loss) IRS Center where corporation filed return Part II OMB No. 1545-0123 Amended K-1 For calendar year 2019, or tax year Shareholder’s Share of Income, Deductions, ▶ See back of form and separate instructions. Credits, etc. Part I Final K-1 18 More than one activity for at-risk purposes* 19 More than one activity for passive activity purposes* * See attached statement for additional information. For Paperwork Reduction Act Notice, see the Instructions for Form 1120-S. www.irs.gov/Form1120S Cat. No. 11520D Schedule K-1 (Form 1120-S) 2019 Schedule K-1 (Form 1120-S) 2019 Page 2 This list identifies the codes used on Schedule K-1 for all shareholders and provides summarized reporting information for shareholders who file Form 1040 or 1040-SR. For detailed reporting and filing information, see the separate Shareholder’s Instructions for Schedule K-1 and the instructions for your income tax return. 1. Ordinary business income (loss). Determine whether the income (loss) is passive or nonpassive and enter on your return as follows: Report on Passive loss See the Shareholder’s Instructions Passive income Schedule E, line 28, column (h) Nonpassive loss See the Shareholder’s Instructions Nonpassive income Schedule E, line 28, column (k) 2. Net rental real estate income (loss) See the Shareholder’s Instructions 3. Other net rental income (loss) Net income Schedule E, line 28, column (h) Net loss See the Shareholder’s Instructions 4. Interest income Form 1040 or 1040-SR, line 2b 5a. Ordinary dividends Form 1040 or 1040-SR, line 3b 5b. Qualified dividends Form 1040 or 1040-SR, line 3a 6. Royalties Schedule E, line 4 7. Net short-term capital gain (loss) Schedule D, line 5 8a. Net long-term capital gain (loss) Schedule D, line 12 8b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4 (Schedule D instructions) 8c. Unrecaptured section 1250 gain See the Shareholder’s Instructions 9. Net section 1231 gain (loss) See the Shareholder’s Instructions 10. Other income (loss) Code A Other portfolio income (loss) See the Shareholder’s Instructions B Involuntary conversions See the Shareholder’s Instructions C Sec. 1256 contracts & straddles Form 6781, line 1 D Mining exploration costs recapture See Pub. 535 E Reserved for future use F Section 965(a) inclusion G Income under subpart F (other than inclusions under sections See the Shareholder’s Instructions 951A and 965) H Other income (loss) 11. Section 179 deduction See the Shareholder’s Instructions 12. Other deductions A Cash contributions (60%) B Cash contributions (30%) C Noncash contributions (50%) D Noncash contributions (30%) See the Shareholder’s Instructions E Capital gain property to a 50% organization (30%) F Capital gain property (20%) G Contributions (100%) H Investment interest expense Form 4952, line 1 I Deductions—royalty income Schedule E, line 19 J Section 59(e)(2) expenditures See the Shareholder’s Instructions K Section 965(c) deduction See the Shareholder’s Instructions L Deductions—portfolio (other) Schedule A, line 16 M Preproductive period expenses See the Shareholder’s Instructions N Commercial revitalization deduction from rental real estate activities See Form 8582 instructions O Reforestation expense deduction See the Shareholder’s Instructions P through R Reserved for future use S Other deductions See the Shareholder’s Instructions 13. Credits A Low-income housing credit (section 42(j)(5)) from pre-2008 buildings B Low-income housing credit (other) from pre-2008 buildings C Low-income housing credit (section 42(j)(5)) from post-2007 buildings See the Shareholder’s D Low-income housing credit (other) Instructions from post-2007 buildings E Qualified rehabilitation expenditures (rental real estate) F Other rental real estate credits G Other rental credits Schedule 3 (Form 1040 or 1040-SR), line H Undistributed capital gains credit 13, box a I Biofuel producer credit J Work opportunity credit See the Shareholder’s K Disabled access credit Instructions L Empowerment zone employment credit M Credit for increasing research activities } } } } Code N Credit for employer social security and Medicare taxes O Backup withholding P Other credits 14. } Report on See the Shareholder’s Instructions } Foreign transactions A Name of country or U.S. possession Form 1116, Part I B Gross income from all sources C Gross income sourced at shareholder level Foreign gross income sourced at corporate level D Reserved for future use E Foreign branch category F Passive category Form 1116, Part I G General category H Other Deductions allocated and apportioned at shareholder level I Interest expense Form 1116, Part I J Other Form 1116, Part I Deductions allocated and apportioned at corporate level to foreign source income K Reserved for future use L Foreign branch category M Passive category Form 1116, Part I N General category } } O Other Other information P Total foreign taxes paid Q Total foreign taxes accrued R Reduction in taxes available for credit S Foreign trading gross receipts T Extraterritorial income exclusion U Section 965 information V Other foreign transactions 15. Alternative minimum tax (AMT) items A Post-1986 depreciation adjustment B Adjusted gain or loss C Depletion (other than oil & gas) D Oil, gas, & geothermal—gross income E Oil, gas, & geothermal—deductions F Other AMT items 16. Items affecting shareholder basis A Tax-exempt interest income B Other tax-exempt income C Nondeductible expenses D Distributions E Repayment of loans from shareholders 17. Other information A Investment income B Investment expenses C Qualified rehabilitation expenditures (other than rental real estate) D Basis of energy property E Recapture of low-income housing credit (section 42(j)(5)) F Recapture of low-income housing credit (other) G Recapture of investment credit H Recapture of other credits I Look-back interest—completed long-term contracts J Look-back interest—income forecast method K Dispositions of property with section 179 deductions L Recapture of section 179 deduction M through U V Section 199A information W through Z AA Excess taxable income AB Excess business interest income AC Other information } } } } Form 1116, Part II Form 1116, Part II Form 1116, line 12 Form 8873 Form 8873 See the Shareholder’s Instructions See the Shareholder’s Instructions See the Shareholder’s Instructions and the Instructions for Form 6251 Form 1040 or 1040-SR, line 2a See the Shareholder’s Instructions Form 4952, line 4a Form 4952, line 5 See the Shareholder’s Instructions See the Shareholder’s Instructions Form 8611, line 8 Form 8611, line 8 See Form 4255 See the Shareholder’s Instructions See Form 8697 See Form 8866 See the Shareholder’s Instructions Reserved for future use See the Shareholder’s Instructions
Extracted from PDF file 2019-federal-1120-s-schedule-k-1.pdf, last modified November 2019

More about the Federal 1120-S (Schedule K-1) Corporate Income Tax Tax Credit TY 2019

We last updated the Shareholder’s Share of Income, Deductions, Credits, etc. in February 2020, so this is the latest version of 1120-S (Schedule K-1), fully updated for tax year 2019. You can download or print current or past-year PDFs of 1120-S (Schedule K-1) directly from TaxFormFinder. You can print other Federal tax forms here.

Related Federal Corporate Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Federal 1120-S (Schedule K-1).

Form Code Form Name
Form 1120-S U.S. Income Tax Return for an S Corporation
1120-S (Schedule B-1) Information on Certain Shareholders of an S Corporation
1120 (Schedule G) Information on Certain Persons Owning the Corporation's Voting Stock
1120 (Schedule H) U.S. Income Tax Return for Homeowners Associations
1120 (Schedule N) Foreign Operations of U.S. Corporations
1120 (Schedule B) Additional Information for Schedule M-3 Filers
1120 (Schedule D) Capital Gains and Losses
1120 (Schedule M-3) Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million or More
1120 (Schedule O) Consent Plan and Apportionment Schedule for a Controlled Group
1120 (Schedule PH) U.S. Personal Holding Company (PHC) Tax

Download all  tax forms View all 775 Federal Income Tax Forms


Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal 1120-S (Schedule K-1) from the Internal Revenue Service in February 2020.

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1120-S (Schedule K-1) is a Federal 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 Federal 1120-S (Schedule K-1)

We have a total of nine past-year versions of 1120-S (Schedule K-1) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 1120-S (Schedule K-1)

2019 Schedule K-1 (Form 1120-S)

2018 1120-S (Schedule K-1)

2018 Form 1120 S (Schedule K-1)

2017 1120-S (Schedule K-1)

2017 Form 1120 S (Schedule K-1)

2016 1120-S (Schedule K-1)

2016 Form 1120 S (Schedule K-1)

Shareholder’s Share of Income, Deductions, Credits, etc. 2015 1120-S (Schedule K-1)

2015 Form 1120 S (Schedule K-1)

Shareholder’s Share of Income, Deductions, Credits, etc. 2014 1120-S (Schedule K-1)

2014 Form 1120 S (Schedule K-1)

Shareholder's Share of Income, Deductions, Credits, etc. 2013 1120-S (Schedule K-1)

2013 Form 1120 S (Schedule K-1)

Shareholder's Share of Income, Deductions, Credits, etc. 2012 1120-S (Schedule K-1)

2012 Form 1120 S (Schedule K-1)

Shareholder's Share of Income, Deductions, Credits, etc. 2011 1120-S (Schedule K-1)

2011 Form 1120 S (Schedule K-1)


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