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Nebraska Free Printable  for 2020 Nebraska Nebraska S Corporation Income Tax Return with Schedule A - Adjustments to Ordinary Business Income

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Nebraska S Corporation Income Tax Return with Schedule A - Adjustments to Ordinary Business Income
Form 1120-SN

PRINT RESET Nebraska S Corporation Income Tax Return FORM 1120-SN 2019 for the calendar year January 1, 2019 through December 31, 2019 or other taxable year beginning                     ,        and ending                      ,   Name Doing Business As (dba) Please Type or Print PLEASE DO NOT WRITE IN THIS SPACE Legal Name Street or Other Mailing Address City State Zip Code Principal Business Activity in Nebraska Federal ID Number Nebraska ID Number Business Classification Code Date Business Began in Nebraska Does the S corporation have nonresident individual shareholders? YES (Complete Schedule II.) NO Check if: (1) (2) Initial Return (3) Address Change (5) Amended Return (7) Form 3800N, 775N, or 312N Attached Final Return (Example, dissolved. See instr.) (4) Name Change (6) Form 7004 Attached (8) Distributed Form 3800N Credit 1 Ordinary business income (line 21, Federal Form 1120S). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 00 2 Nebraska adjustments increasing ordinary business income (line 7, Schedule A). . . . . . . . . . . . 2 00 3 Nebraska adjustments decreasing ordinary business income (line 17, Schedule A). . . . . . . . . . . 3 00 4 Nebraska adjusted income (line 1 plus line 2 minus line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Income reported to Nebraska (enter line 4 above or line 3, Schedule I, if applicable) If less than zero, do not complete columns (E), (F), or (G) on Schedule II. . . . . . . . . . . . . . . . . . . . 5 00 00 If line 5 shows a loss, skip lines 6 and 7 and go to line 8. 6 Income reported to Nebraska subject to withholding. Enter the Column (F), Schedule II total. . . 6 7 Nebraska income tax withheld for nonresident individual shareholders. Enter the Column (G), Schedule II total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Form 3800N credit and recapture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Tax deposited with Form 7004N and 2019 estimated income tax payments. . . . . . . . . . . . . . . . . 9 10 TAX DUE if line 7 plus line 8 minus line 9 is greater than zero.    Check this box if your payment is being made electronically . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Overpayment if line 7 plus line 8 minus line 9 is less than zero. . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Amount on line 11 you want credited to 2020 estimated income tax. . . . . . . . . . . . . . . . . . . . . . . 12 13 Overpayment to be REFUNDED (line 11 minus line 12). Complete lines 14a, 14b, and 14c to receive your refund electronically. Complete line 14d if appropriate (see instructions). . . . . . . 13 14a Routing Number 14b Type of Account 1 = Checking 00 00 00 00 00 00 00 00 2 = Savings 14c Account Number (Can be up to 17 characters. Omit hyphens, spaces, and special symbols. Enter from left to right and leave any unused boxes blank.) 14d  Check this box if this refund will go to a bank account outside the United States (see instructions). sign here paid preparer’s use only Under penalties of perjury, I declare that as taxpayer or preparer I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is correct and complete. Signature of Officer Date Title ( ) Phone Number Preparer’s Signature Date Email Address Preparer’s PTIN (   ) Firm’s Name (or yours if self-employed), Address, and Zip Code EIN Daytime Phone Paper filers must attach a copy of the federal return and supporting schedules to this return. All filers are encouraged to e-file their return including schedules K-1N. Mail this return and payment to: Nebraska Department of Revenue, PO Box 94818, Lincoln, NE 68509-4818. 8-287-2019 S Corporation With Other Income And Deductions Nebraska Schedule A — Adjustments to Ordinary Business Income FORM 1120-SN Schedule A 2019 • Enter amounts for lines 1 through 4 from Schedule K, Federal Form 1120S. Name on Form 1120-SN Nebraska ID Number Adjustments Increasing Ordinary Business Income Totals 1 Net income from rental real estate activities......................................................................................... 1 00 2 Net income from other rental activities.................................................................................................. 2 3 Portfolio income: a Interest income............................................................................................... 3 a ____________ b Dividend income............................................................................................. 3 b ____________ c Royalty income............................................................................................... 3 c ____________ d Net short-term capital gain.............................................................................. 3 d ____________ e Net long-term capital gain............................................................................... 3 e ____________ f Other portfolio income.................................................................................... 3 f ____________ Total portfolio income (total of lines 3a through 3f)........................................................................... 3 00 00 4 Net gain under Section 1231 (other than casualty or theft).................................................................. 4 00 5 State and local government interest and dividend income (see instructions)....................................... 6 Other income (list below or attach schedule) a List type:_______________________________________________ b Amount: $___________ Total other income. Enter total of lines 6b......................................................................................... 7 Total adjustments increasing ordinary business income (total of lines 1 through 6). Enter here and on line 2, Form 1120-SN................................................................................................................ 5 00 6 00 7 00 Adjustments Decreasing Ordinary Business Income Totals • Enter amounts for lines 9 through 15 from Schedule K, Federal Form 1120S. 8 Qualified U.S. government interest deduction (see instructions).......................................................... 8 00 9 Net loss from rental real estate activities.............................................................................................. 9 00 10 Net loss from other rental activities....................................................................................................... 10 11 Portfolio loss: a Net short-term capital loss.............................................................................. 11 a ____________ b Net long-term capital loss............................................................................... 11 b ____________ c Other portfolio loss.......................................................................................... 11 c ____________ Total portfolio loss (total of lines 11a through 11c)........................................................................... 11 00 12 Net loss under Section 1231................................................................................................................. 12 00 13 Other loss not included in lines 9 through 12........................................................................................ 13 00 14 Charitable contributions........................................................................................................................ 14 00 15 Section 179 expense deduction............................................................................................................ 15 16 Other deductions (list below or attach schedule) a List type:_______________________________________________ b Amount: $___________ Total other deductions. Enter total of lines 16b................................................................................. 16 17 Total adjustments decreasing ordinary business income (total of lines 8 through 16). Enter here and on line 3, Form 1120-SN................................................................................................................ 17 00 RESET revenue.nebraska.gov, 800-742-7474 (NE and IA), 402-471-5729 00 00 00 PRINT
Extracted from PDF file 2019-nebraska-form-1120-sn.pdf, last modified January 2020

More about the Nebraska Form 1120-SN Corporate Income Tax Tax Return TY 2019

We last updated the Nebraska S Corporation Income Tax Return with Schedule A - Adjustments to Ordinary Business Income in March 2020, so this is the latest version of Form 1120-SN, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 1120-SN directly from TaxFormFinder. You can print other Nebraska tax forms here.

Related Nebraska Corporate Income Tax Forms:

TaxFormFinder has an additional 34 Nebraska income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Nebraska Form 1120-SN.

Form Code Form Name
Form 1120-SN Booklet S Corporation Income Tax Booklet - Forms & Instructions
Form 1120-SN-K-1N Shareholder's Share of Income, Deductions, Modifications, and Credits
Form 1120-SN-Schd-I S Corporation With Income Derived From Sources Both Within and Without Nebraska Nebraska Schedule I - Apportionment for Multistate Business

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 1120-SN from the Department of Revenue in March 2020.

Show Sources >

Form 1120-SN is a Nebraska Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.

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 1120-SN

We have a total of nine past-year versions of Form 1120-SN in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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