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Virginia Free Printable 2019 Schedule VK-1 - Pass-Through Entity Owner's Share of Income and Virginia Modifications and Credits for 2020 Virginia Owner's Share of Income and Virginia Modifications and Credits

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Owner's Share of Income and Virginia Modifications and Credits
2019 Schedule VK-1 - Pass-Through Entity Owner's Share of Income and Virginia Modifications and Credits

2019 Form 502 Schedule VK-1 CHECK IF— Virginia Pass-Through Entity Owner’s Share of Income and Virginia Modifications and Credits *VA0VK1119888*   Final If SHORT Period Return: Beginning Date ______________________, 2019;  Ending Date______________________ , 20________   Amended Return   Owner is Participating in a Unified Nonresident Individual Income Tax Return Owner Information Name Pass-Through Entity (PTE) Information FEIN or SSN Name FEIN Address Address Taxable Year End Date Address Continued Address Continued City or Town, State, and ZIP Code City or Town, State, and ZIP Code Additional Owner Information (see instructions) a. Date owner acquired interest in the PTE (MM/DD/YYYY)............................................................................ a. b. Owner’s entity type (Enter code)............................................................................................................... b. / / c. Owner’s participation type (Enter code)..................................................................................................... c. d. Owner’s participation percentage (Example: 47.35%).................................................................................. d. e. Amount withheld by PTE for the owner...................................................................................................... e. f. If owner or entity is exempt from withholding, enter an exemption code......................................................... Distributive or Pro Rata Income and Deductions (see instructions) f. 1. Total taxable income amounts.................................................................................................................. 1. .00 2. Total deductions..................................................................................................................................... 2. .00 3. Tax-exempt interest income..................................................................................................................... Allocation and Apportionment 3. .00 4. Income allocated to Virginia (owner’s share from PTE’s Schedule 502A, Section C, Line 2)............................. 4. .00 5. Income allocated outside of Virginia (owner’s share from PTE’s Schedule 502A, Section C, Line 3(e))................ 5. .00 6. Apportionable income (owner’s share from PTE’s Schedule 502A, Section C, Line 4)..................................... 6. .00 7. Virginia apportionment percentage (from PTE’s Schedule 502A, Section B – percent from Line 1 or Line 2(f), or 100%).... Virginia Additions – Owner’s Share 7. % 8. Fixed date conformity – depreciation........................................................................................................... 8. .00 9. Fixed date conformity – other..................................................................................................................... % 9. .00 10. Net income tax or other tax used as a deduction in determining taxable income (see instructions).................... 10. .00 11. Interest on municipal or state obligations other than from Virginia.................................................................. 11. .00 12. Other additions (see Form 502 instructions for addition codes.) Code Amount Code Amount 12a. .00 12b. .00 12c. .00 12d. .00 13. Total Additions (add Lines 8-11 and 12a-12d)............................................................................................. 13. Virginia Subtractions – Owner’s Share .00 14. Fixed date conformity – depreciation........................................................................................................... 14. .00 15. Fixed date conformity – other..................................................................................................................... 15. .00 16. Income from obligations of the United States............................................................................................... 16. .00 17. Other subtractions (see Form 502 instructions for subtraction codes.) Certification Number (if applicable) Code Amount 17a. .00 17b. .00 17c. .00 17d. .00 18. Total Subtractions. (add Lines 14-16 and 17a-17d)..................................................................................... 18. Use Schedule SVK-1 if you are claiming more additions or subtractions than the Schedule VK-1 allows. Refer to the Form 502 Instructions for addition and subtraction codes. Check this box and enclose Schedule SVK-1.  Va. Dept. of Taxation  2601024-W  Rev. 07/19 .00 2019 Virginia Schedule VK-1 Page 2 Owner FEIN or SSN PTE FEIN *VA0VK1219888* Virginia Tax Credits. See the Schedule CR Instructions (individuals) or Schedule 500CR Instructions (corporations) Nonrefundable Credits 1. State Income Tax Paid (see Form 502 Instructions)................................................................................................. 1. .00 2. Neighborhood Assistance Act Tax Credit.................................................................................................................. 2. .00 3. Enterprise Zone Act – General Tax Credit................................................................................................................ 3. .00 4. Enterprise Zone Act – Zone Investment Tax Credit.................................................................................................. 4. .00 5. Conservation Tillage Equipment Tax Credit.............................................................................................................. 5. .00 6. Biodiesel and Green Diesel Fuels Tax Credit........................................................................................................... 6. .00 7. Precision Fertilizer and Pesticide Application Equipment Tax Credit........................................................................ 7. .00 8. Recyclable Materials Processing Equipment Tax Credit.......................................................................................... 8. .00 9a. Clean-Fuel Vehicle Tax Credit (only carryover credit allowed)................................................................................. 9a. .00 9b. Vehicle Emissions Testing Equipment Tax Credit..................................................................................................... 9b. .00 10. Major Business Facility Job Tax Credit..................................................................................................................... 10. .00 11. Clean-Fuel Vehicle Job Creation Tax Credit (only carryover credit allowed)............................................................ 11. .00 12. Worker Retraining Tax Credit (only carryover credit allowed).................................................................................. 12. .00 13. Waste Motor Oil Burning Equipment Tax Credit....................................................................................................... 13. .00 14. Riparian Forest Buffer Protection for Waterways Tax Credit.................................................................................... 14. .00 15. Virginia Coal Employment and Production Incentive Tax Credit.............................................................................. 15. .00 16. Enter the amount of credit assigned to another party.............................................................................................. 16. 17. Virginia Coal Employment and Production Incentive Tax Credit available for use by owner (Subtract Line 16 from Line 15)........................................................................................................................................................................................ 17. .00 18. Historic Rehabilitation Tax Credit............................................................................................................................. 18. .00 19. Land Preservation Tax Credit.................................................................................................................................. 19. .00 20. Qualified Equity and Subordinated Debt Investments Tax Credit............................................................................ 20. .00 21. Communities of Opportunity Tax Credit................................................................................................................... 21. .00 22. Green Jobs Creation Tax Credit.............................................................................................................................. 22. .00 23. Farm Wineries and Vineyards Tax Credit................................................................................................................ 23. .00 24. International Trade Facility Tax Credit..................................................................................................................... 24. .00 25. Port Volume Increase Tax Credit............................................................................................................................. 25. .00 26. Barge and Rail Usage Tax Credit............................................................................................................................ 26. .00 27. Livable Home Tax Credit......................................................................................................................................... 27. 28. Research and Development Expenses Tax Credit (Use this line if the taxpayer does not qualify for a refundable credit.)............................................................................................................................................................................................. 28. .00 29. Education Improvement Scholarships Tax Credit.................................................................................................... 29. .00 30. Major Research and Development Expenses Tax Credit........................................................................................ 30. .00 31. Food Crop Donation Tax Credit............................................................................................................................... 31. .00 32. Worker Training Tax Credit...................................................................................................................................... 32. .00 33. Total Nonrefundable Credits. (Total Lines 1-14 and 17-32)................................................................................. 33. .00 34. Agricultural Best Management Practices Tax Credit............................................................................................... 34. .00 35. 100% Coalfield Employment Enhancement Tax Credit from 2019 Form 306B, Line 1(b)....................................... .00 .00 Refundable Credits 35. .00 36a. Full Credit: Enter amount from 2019 Form 306B, Line 13....................................................................................... 36a. .00 36b. 85% Credit: Enter amount from 2019 Form 306B, Line 15..................................................................................... 36b. .00 37. Total Coalfield Employment Enhancement Tax Credit allowable this year (Add Lines 36a and 36b)...................... 38. 2019 Coalfield Employment Enhancement Tax Credit earned to be used when completing your 2022 return. Enter amount from your 2019 Form 306, Line 11........................................................................................ 37. .00 38. .00 39. Motion Picture Production Tax Credit........................................................................................................................ 39. .00 40. Research and Development Expenses Tax Credit................................................................................................... 40. .00 41. Total Refundable Credits. (Add Lines 34, 37, 39, and 40)..................................................................................... 41. .00 NOTICE: You have received this Schedule VK-1 because the above-named PTE earned income from Virginia sources and has passed through to you a portion of that Virginia source income based on your ownership of the PTE. A copy of this schedule has been filed with the Department. Everyone who receives Virginia source income is subject to taxation by Virginia regardless of state of residency or domicile. You may be required to file a Virginia tax return even though you may be a nonresident individual or a business domiciled outside of Virginia. To determine if you are required to file a Virginia income tax return, consult a tax professional. Information and forms may be obtained at www.tax.virginia.gov, or by calling the Department at (804) 367-8031 (individuals) or (804) 367‑8037 (businesses).
Extracted from PDF file 2019-virginia-form-502-vk-1.pdf, last modified September 2019

More about the Virginia Form 502 VK-1 Corporate Income Tax TY 2019

We last updated the Owner's Share of Income and Virginia Modifications and Credits in January 2020, so this is the latest version of Form 502 VK-1, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 502 VK-1 directly from TaxFormFinder. You can print other Virginia tax forms here.

Other Virginia Corporate Income Tax Forms:

TaxFormFinder has an additional 135 Virginia income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 502 Pass-Through Entity Return of Income
Form 770 770 - VA Fiduciary Income Tax Return
Form 502W 502W - Pass-Through Entity Withholding Tax Payment Voucher and Instructions
Form 500 Corporate Income Tax Return
Form 770IP Virginia Fiduciary and Unified Nonresident Automatic Extension Payment

Download all VA tax forms View all 136 Virginia Income Tax Forms


Form Sources:

Virginia usually releases forms for the current tax year between January and April. We last updated Virginia Form 502 VK-1 from the Department of Taxation in January 2020.

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 Virginia Form 502 VK-1

We have a total of eight past-year versions of Form 502 VK-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 502 VK-1

2019 Schedule VK-1 - Pass-Through Entity Owner's Share of Income and Virginia Modifications and Credits

2018 Form 502 VK-1

2018 Schedule VK-1 - Pass-Through Entity Owner's Share of Income and Virginia Modifications and Credits

2017 Form 502 VK-1

2017 Schedule VK-1 - Owner's Share of Income and Virginia Modifications and Credits

2016 Form 502 VK-1

Schedule VK-1 - 2016 Owner's Share of Income and Virginia Modifications and Credits

502 VK-1 - Owner's Share of Income and Virginia Modifications and Credits 2015 Form 502 VK-1

VK-1 15 ER Final 06 23 15.indd

502 VK-1 - Owner's Share of Income and Virginia Modifications and Credits 2014 Form 502 VK-1

VK-1 14 Web Final 12 18 14.indd

502 VK-1 - Owner's Share of Income and Virginia Modifications and Credits 2013 Form 502 VK-1

VK-1 13 Web Final 11 25 13.indd

2012 Form 502 VK-1

VK-1 12 Web 01 07 13 ER UA.indd


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