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Pennsylvania Free Printable 2019 PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1) for 2020 Pennsylvania PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits

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PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits
2019 PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1)

PA SCHEDULE RK-1 1904510052 Resident Schedule of Shareholder/ Partner/Beneficiary Pass Through Income, Loss and Credits PA-41 RK-1 06-19 (FI) PA Department of Revenue 2019 Suffix First Name Last Name START MI ➜ SSN Spouse’s SSN If jointly held Phone Number Name of Owner Receiving RK-1 (if other than an individual) FEIN First Line of Address Amended Schedule Final Owner: Shareholder’s stock ownership: ________% SECTION I Second Line of Address Beneficiary’s year-end distribution: ________% State ZIP Code PA S Corp. All Other Corp. Partner’s percentage of: City or Post Office Individual Profit sharing: ________% Estate/Trust Loss sharing: ________% Ownership of capital: ________% Partnership LLC Exempt Name of Entity Issuing RK-1 Partner: City or Post Office FEIN State ZIP Code Revenue ID Entity: (Fill in one oval only) Estate/Trust PA S Corp Partnership LLC Fiscal Year Short Year MM/DD/YY SECTION SECTION V VI SECTION IV SECTION III SECTION II Begin MM/DD/YY NOTE: Amounts from this schedule must be reported on the appropriate PA Tax Return. 1 PA-Taxable Business Income (Loss) from Operations . . . . . . . . . . . If a loss, fill in the oval. SECTION VII General Partner or LLC Member - Manager End 2 3 Dividend Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Net Gain (Loss) from the Sale, Exchange or Disposition of Property . . . . . . If a loss, fill in the oval. 4 5 Net Income (Loss) from Rents, Royalties, Patents and Copyrights . . . . . . . . If a loss, fill in the oval. 5 6 Income of/from Estates or Trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Gambling and Lottery Winnings (Loss) 7 If a loss, fill in the oval. 8 Resident Credit. Submit statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Total Other Credits. Submit statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Distributions of Cash, Marketable Securities, and Property - not including guaranteed payments . . . 10 11 Guaranteed Payments for Capital or Other Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 All Other Guaranteed Payments for Services Rendered . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Guaranteed Payments to the Retired Partner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Distributions from PA Accumulated Adjustments Account . . . . If liquidating, fill in the oval. 14 15 Distributions of Cash, Marketable Securities, and Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Nontaxable income (loss) or nondeductible expenses required to . . . . If a loss, fill in the oval. calculate owner’s basis. Submit statement. 17 Owner’s Share of IRC Section 179 allowed according to PA rules . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 18 Owner’s Share of Straight-Line Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 19 Partner’s Share of Nonrecourse Liabilities at year-end . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Partner’s Share of Recourse Liabilities at year-end . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Reset Entire Form TOP OF PAGE Enter whole dollars only 1 2 Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1904510052 Limited Partner or Other LLC Member 1904510052 NEXT PAGE PRINT THIS PAGE DOES NOT PRINT Pennsylvania Department of Revenue 2019 Instructions for PA-41 Schedule RK-1 Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits PA-41 RK-1 IN 06-19 WHAT’S NEW Per Act 16 of 2019, Qualified Subchapter S Trusts (QSSTs) that receive Educational Improvement Tax Credits or Opportunity Scholarship Tax Credits from a pass-through entity may pass through unused Educational Improvement Tax Credits and/or Opportunity Scholarship Tax Credits to the beneficiary of the QSST. See the instructions for Line 9 for additional information. GENERAL INFORMATION PURPOSE OF SCHEDULE Estates and trusts use PA-41 Schedule RK-1 to report income of estates and trusts to each resident beneficiary. A PA-41 Schedule RK-1 is also used to report the income of the estate or trust for each beneficiary that is a nonresident estate or trust and each nonresident partnership, PA S corporation or entity formed as a limited liability company classified as a partnership or PA S corporation for federal income tax purposes. Resident estate and trust beneficiaries are subject to tax on their shares of the estate or trust’s distributed or distributable income, regardless of income source. Nonresident estate and trust beneficiaries are only subject to Pennsylvania personal income tax on their shares of the estate or trust’s distributed or distributable Pennsylvania-source income. RESIDENT BENEFICIARY RESIDENCY STATUS The fiduciary of an estate or trust must determine (through reasonable means) the residency status of each individual and/or estate or trust beneficiary. A fiduciary of an estate or trust that fails to keep an accurate list of beneficiaries may be subject to the tax, penalty and interest of any beneficiary who was provided a PA-41 Schedule NRK-1 when a PA-41 Schedule RK-1 should have been provided. WHO SHOULD RECEIVE A PA-41 SCHEDULE RK-1 A PA-41 Schedule RK-1 must be prepared and provided to every Pennsylvania resident beneficiary who is an individual. A copy of the PA-41 Schedule RK-1 for each resident beneficiary who is an individual must accompany the estate or trust’s PA-41, Fiduciary Income Tax Return. The estate or trust must prepare and provide both PA-41 Schedules RK-1 and NRK-1 to any beneficiary that was a/an: • Individual who was a part-year Pennsylvania resident; • Estate or trust; • PA S corporation; www.revenue.pa.gov PREVIOUS PAGE • Partnership; or • Entity formed as a limited liability company classified as a partnership or PA S corporation for federal income tax purposes. Both schedules for each such beneficiary must also be submitted with the PA-41, Fiduciary Income Tax Return. IMPORTANT: The department does not accept federal Form 1041 Schedule K-1 because the schedule does not properly reflect the classified Pennsylvania-taxable income amounts. PA-41 Schedules RK-1 submitted to resident and entity beneficiaries should reflect the taxable income to Pennsylvania residents even if the estate or trust is a nonresident. PA-41 Schedules NRK-1 issued to nonresident entity beneficiaries should reflect just the Pennsylvania-source income taxable to those beneficiaries. Additionally, PA-41 Schedules NRK-1 issued to nonresident estates or trusts should also reflect PA tax withheld for nonresident beneficiaries. See the instructions for PA-41 Schedule NRK-1. HOW TO AMEND PA-41 SCHEDULE RK-1 Where an amendment to the PA-41, Fiduciary Income Tax Return, results in a need to amend the PA-41 Schedule RK1, an amended PA-41 Schedule RK-1 must be forwarded to the PA Department of Revenue with the amended tax return, and a copy must be provided to each beneficiary. An amended PA-41, Fiduciary Income Tax Return, and an amended PA-41 Schedule RK-1 for each beneficiary must also be filed to correct any error on or reflect any change to the original PA-41, Fiduciary Income Tax Return, whether or not an amended federal Form 1041 was filed for that year. To amend an original PA-41 Schedule RK-1, use a blank schedule for the tax year to be amended and fill in the “Amended Schedule” oval at the top of the schedule. Do not send a copy of the original schedule. Complete the schedule by entering the corrected information and submit it with the amended PA-41, Fiduciary Income Tax Return. See “Where To File” in the PA-41 instructions. COMPLETING PA-41 SCHEDULE RK-1 FOREIGN ADDRESS INSTRUCTIONS (OTHER THAN CANADA) If the estate or trust is located outside the U.S., it is important to write the foreign address on the PA-41 Schedule RK-1 according to U.S. Postal Service standards. PA-41 RK-1 NEXT PAGE 1 Failure to use these standards may delay any refunds requested or correspondence necessary to complete the processing of the return. To comply with foreign address standards, use the following rules when completing the address portion of the PA-41 Schedule RK-1. • Eliminate apostrophes, commas, periods and hyphens. • Use all capital letters to write all lines. • Write the name of the estate or trust in the space provided. • Write the name and title of the fiduciary in the space provided. • Write the address in the space provided, including street and building name and number, apartment or suite numbers, city name and city or provincial codes. • Write only the name of the country in the space provided for the city or post office. • Write OC in the entry space for state to indicate out-ofcountry. • Leave the ZIP code spaces on the PA-41 Schedule RK1 blank. Providing the address in this format will better ensure that the department is able to send a refund on a timely basis or contact the estate or trust if additional information is required. Below is an example of a properly completed foreign address. Foreign Address Example. DIETRIC-FISCHER INGE TRUST PATRIK FISCHER TTEE WEIMARER STR 7 5300 BONN 1 GERMANY OC CANADA ONLY FOREIGN ADDRESS INSTRUCTIONS The same rules apply as for other foreign address instructions. However, when the Canada address contains a postal zone and two-character abbreviation for provinces and territories, there are special spacing rules for the address line for the PA-41 Schedule RK-1. On mail to Canada, there must be two spaces between the province abbreviation and the postal code. Below is an example of a properly completed Canada foreign address. SAUNDERS HELEN ESTATE OF JANET SAUNDERS EXECUTRIX 9 BOW ST OTTAWA ON K1A 0B1 CANADA OC If the estate or trust’s address does not fit in the available spaces on the PA-41 Schedule RK-1 using the above formats, please include a separate statement with the return showing the complete address. 2 PA-41 RK-1 PREVIOUS PAGE SECTION I GENERAL INFORMATION SSN Enter the nine-digit Social Security number (SSN) if the beneficiary of the estate or trust is an individual receiving the PA-41 Schedule RK-1. LAST NAME, SUFFIX, FIRST NAME, MIDDLE INITIAL Enter the last name; suffix such as Jr., Sr., etc; first name and middle initial of the individual beneficiary who is receiving the PA-41 Schedule RK-1. SPOUSE’S SSN Enter the nine-digit SSN of the spouse of the beneficiary (if jointly held) receiving the PA-41 Schedule RK-1. FEIN Enter the nine-digit federal employer identification number (FEIN) of the entity beneficiary receiving the PA-41 Schedule RK-1. NAME OF OWNER RECEIVING RK-1 (OTHER THAN AN INDIVIDUAL) If the beneficiary of the estate or trust is an estate, trust a partnership, PA S corporation or entity formed as a limited liability company classified as a partnership or PA S corporation for federal income tax purposes, enter the FEIN and name of the entity receiving the PA-41 Schedule RK-1. If the PA Schedule RK-1 is being issued to an individual beneficiary, leave this field blank. FIRST LINE OF ADDRESS Enter the street address of the individual or entity beneficiary receiving the PA-41 Schedule RK-1. If the address has an apartment number, suite or RR number, enter it after the street address. Eliminate all punctuation such as apostrophes, commas, periods and hyphens. The U.S. Postal Service preference is to put the actual delivery address on the line immediately above the city, state and ZIP Code. NOTE: If the street address along with the apartment number, suite or RR number does not fit on the first line of address, then enter the street address on the second line of address and the apartment number, suite or RR number on the first line of address. SECOND LINE OF ADDRESS Enter the post office box, if appropriate, of the individual or entity beneficiary receiving the PA-41 Schedule RK-1. If there is no post office box, leave the second line of the address blank. Eliminate all punctuation such as apostrophes, commas, periods and hyphens. For a foreign address, enter the city or municipal designation. See the Foreign Address Example. For a Canadian address, enter the city and postal delivery zone number. See the Canada Address Example. www.revenue.pa.gov NEXT PAGE IMPORTANT: If the address has only a post office box, enter on the first line of address. Enter month, day and year (MMDDYY) when the fiscal year begins and ends. CITY, STATE AND ZIP CODE Enter the appropriate information of the individual or entity beneficiary receiving the PA-41 Schedule RK-1 in each box. Eliminate all punctuation such as apostrophes, commas, periods and hyphens. SHORT YEAR A short year is an accounting period shorter than one year (and not a 52-53 week taxable year). NAME OF ENTITY ISSUING RK-1 Enter the name of the estate or trust issuing the PA-41 Schedule RK-1. A short-year return is required for the following reasons: • Changes in the annual accounting period. For example, the estate or trust changes from a fiscal to a calendar filer; or • An estate or trust is in existence during only part of the tax year. For example, the trust or estate is in its initial or final year. CITY, STATE AND ZIP CODE Enter the appropriate information of the estate or trust issuing the PA-41 Schedule RK-1 in each box. Eliminate all punctuation such as apostrophes, commas, periods and hyphens. See “How to File a Short-Year Return” in the PA-41, Fiduciary Income Tax Return instructions. FEIN Enter the nine-digit FEIN of the estate or trust issuing the PA-41 Schedule RK-1. SECTION II REVENUE ID This field is not applicable for estates and trusts. AMENDED SCHEDULE If the estate or trust is filing an amended PA-41, Fiduciary Tax Return, and the amount of income distributed to a resident beneficiary changes, fill in the amended schedule oval. FINAL If this is the final year of distributions to the beneficiary from the estate or trust, fill in the final oval. BENEFICIARY’S YEAR-END DISTRIBUTION Enter the beneficiary’s percentage of year-end distributions from the estate or trust for the ratio of the beneficiary’s taxable distribution as reported on PA-41 Schedule RK-1, Line 6 to the total distribution as reported on PA-41, Fiduciary Income Tax Return, Line 8. If a beneficiary who is an individual and part-year resident or an entity beneficiary, calculate and enter the percentage as if a resident taxpayer. Valid values for input on this line include the values of “00000” to “10000”. The decimal point is implied after the third character from the left. For example: • To indicate 100%, enter the value as “10000”; • To indicate 33.33%, enter the value as “03333”; or • To indicate 25%, enter the value as “02500”. OWNER Fill in the oval that designates what type of beneficiary received the PA-41 RK-1. Fill in one oval only. ENTITY Fill in the estate or trust oval only. FISCAL YEAR If the estate or trust does not file on a calendar-year basis, fill in the oval. www.revenue.pa.gov PREVIOUS PAGE LINE INSTRUCTIONS SHAREHOLDER/PARTNER/BENEFICIARY DISTRIBUTIVE SHARE OF PENNSYLVANIASOURCE INCOME (LOSS) LINES 1 THROUGH 5 Do not enter any amounts on Lines 1 through 5. Do not report the income of beneficiaries of estates and trusts on any lines of PA-41 Schedule RK-1 except Line 6. LINE 6 To calculate the beneficiary’s income of/from estates or trusts (Line 6) for entry on a PA-41 Schedule RK-1, use the following formula: A x B = Beneficiary Income Reported on Schedule RK-1 Line 6 Where: A = Total distributed or distributable income which is the lesser of Line 3a or Line 14a of PA-41 Schedule DD. B = Beneficiary’s year-end distribution percentage. The beneficiary’s year-end distribution percentage is obtained by taking the actual cash or property distributions made to the beneficiary and any amounts credited or payable or required to be currently distributed to the beneficiary and dividing that sum by the amount on Line 13a of PA-41 Schedule DD. CAUTION: When calculating beneficiary’s year-end distribution percentage, do not take into account: • Amounts properly paid out of corpus as a gift or bequest of a specific amount of money; • Amounts required to have been distributed in any prior taxable year; or • The market value of property distributed in kind as a gift or bequest of the specific property. PA-41 RK-1 3 RETURN TO FORM LINE 7 Do not enter any amount on Line 7. SECTION III LINE 8 Do not enter any amount on Line 8. LINE 9 If the trust is a Qualified Subchapter S Trust (QSST) that received an Educational Improvement Tax Credit (EITC) and/or an Opportunity Scholarship Tax Credit (OSTC) and the trust did not utilize all of the credit(s), enter the unused 4 PA-41 RK-1 PREVIOUS PAGE EITC and/or OSTC to be passed through to the beneficiary of the QSST. A separate statement must also be provided to the beneficiary that identifies the type(s) and amount(s) of the credit(s) included on Line 9 of PA-41 Schedule RK-1. CAUTION: No other types of restricted tax credits are permitted to be passed through to (a) beneficiary(ies) and no other types of trusts are permitted to pass restricted tax credits through to their beneficiary(ies). SECTIONS IV, V, VI AND VII LINES 10 THROUGH 20 Do not enter any amounts on Lines 10 through 20. www.revenue.pa.gov RETURN TO FORM
Extracted from PDF file 2019-pennsylvania-form-pa-41-rk-1.pdf, last modified September 2011

More about the Pennsylvania Form PA-41 RK-1 Corporate Income Tax Tax Credit TY 2019

We last updated the PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits in January 2020, so this is the latest version of Form PA-41 RK-1, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form PA-41 RK-1 directly from TaxFormFinder. You can print other Pennsylvania tax forms here.

Related Pennsylvania Corporate Income Tax Forms:

TaxFormFinder has an additional 174 Pennsylvania income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Pennsylvania Form PA-41 RK-1.

Form Code Form Name
Form PA-41 PA Fiduciary Income Tax Return
Form PA-41 PA-V PA-41 Payment Voucher
Form PA-41DD PA-41 Schedule DD - Distribution Deductions
Form PA-41 NRK-1 PA-41 Schedule NRK-1 - Nonresident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss, and Credits
Form PA-41D PA-41 Schedule D - Sale, Exchange or Dispostion of Property
Form PA-41N PA-41 Schedule N - PA-Source Income and Nonresident Tax Withheld
Form PA-41B PA-41 Schedule B - Dividend and Capital Gains Distributions Income
Form PA-41X Schedule PA-41X - Amended PA Fiduciary Income Tax Schedule
Form PA-41A PA-41 Schedule A - Interest Income and Gambling and Lottery Winnings
Form PA-41J PA-41 Schedule J - Income from Estates or Trusts

Download all PA tax forms View all 175 Pennsylvania Income Tax Forms


Form Sources:

Pennsylvania usually releases forms for the current tax year between January and April. We last updated Pennsylvania Form PA-41 RK-1 from the Department of Revenue in January 2020.

Show Sources >

Form PA-41 RK-1 is a Pennsylvania 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 Pennsylvania Form PA-41 RK-1

We have a total of nine past-year versions of Form PA-41 RK-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form PA-41 RK-1

2019 PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1)

2018 Form PA-41 RK-1

2018 PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1)

2017 Form PA-41 RK-1

2017 PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss, and Credits (PA-41 RK-1)

2016 Form PA-41 RK-1

2016 PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1)

Forms/Publications 2015 Form PA-41 RK-1

2015 PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1)

Forms/Publications 2014 Form PA-41 RK-1

2014 PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1)

2013 PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1) 2013 Form PA-41 RK-1

2013 PA-41 Schedule RK-1 - Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1)

2012 PA-41 Schedule RK-1 -Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1) 2012 Form PA-41 RK-1

2012 PA-41 Schedule RK-1 -Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1)

2011 PA-41 Schedule RK-1 -Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits  (PA-41 RK-1) 2011 Form PA-41 RK-1

2011 PA-41 Schedule RK-1 -Resident Schedule of Shareholder/Partner/Beneficiary Pass Through Income, Loss and Credits (PA-41 RK-1)


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