North Carolina Partner's Share of North Carolina Income, Adjustments, and Credits
Extracted from PDF file 2017-north-carolina-form-nc-k-1-d403.pdf, last modified October 2017
Partner's Share of North Carolina Income, Adjustments, and CreditsD-403 NC K-1 2017 Partner’s Share of North Carolina Income, Adjustments, and Credits Web 10-17 For calendar year 2017, or fiscal year beginning (MM-DD) 17 and ending (MM-DD-YY) Federal Employer ID Number Partner’s Identifying Number Partnership’s Name, Address, and Zip Code Partner’s Name, Address, and Zip Code Partner’s Pro Rata Share Items Amount Individuals Filing Form D-400 Enter Amount on: All Partners 1. Share of partnership income (loss) (Add Lines 1 through 11 of Schedule K-1, Federal Form 1065) 2. Additions to income (loss) (From Form D-403, Part 4, Line 6) (This amount should already be included in federal adjusted gross income) D-400, Schedule S, Line 5 3. Deductions from income (loss) (From Form D-403, Part 4, Line 7) a. Deduction for bonus depreciation D-400, Schedule S, Line 11f b. Other deductions from income (loss) D-400, Schedule S, Line 13 4. Share of tax credits (From Form D-403, Part 4, Line 8) 5. Share of tax withheld from nonwage compensation paid for personal services performed in N.C. (Not included on Form D-403, Part 1, LIne 16) Form D-400TC (See Form D-400 instructions) D-400, Page 2, Line 20 (For N.C. residents only) Nonresidents Only 6. Nonresident’s share of N.C. taxable income (loss) (From Form D-403, Part 4, Line 17) 7. Nonresident’s share of net tax paid by the manager of the partnership (From Form D-403, Part 4, Line 20) D-400, Schedule PN, Line 22 D-400, Page 2, Line 21c
Form NC K-1-D403
More about the North Carolina Form NC K-1-D403 Corporate Income Tax Tax Credit
(For Form D-403)
We last updated the Partner's Share of North Carolina Income, Adjustments, and Credits in February 2018, and the latest form we have available is for tax year 2017. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the North Carolina Department of Revenue. You can print other North Carolina tax forms here.
Related North Carolina Corporate Income Tax Forms:
TaxFormFinder has an additional 44 North Carolina income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the North Carolina Form NC K-1-D403.
|Form Code||Form Name|
|Form NC K-1-D407||Beneficiary's Share of North Carolina Income, Adjustments, and Credits|
|Form NC K-1 401S||Shareholder's Share of North Carolina Income, Adjustments, and Credits|
North Carolina usually releases forms for the current tax year between January and April. We last updated North Carolina Form NC K-1-D403 from the Department of Revenue in February 2018.
Form NC K-1-D403 is a North Carolina 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 North Carolina Form NC K-1-D403
We have a total of seven past-year versions of Form NC K-1-D403 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of North Carolina Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.