1120-S Schedule K- Shareholder's Share of Income, Deductions, Credits, etc

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671117

2018

Schedule K-1
(Form 1120S)
Department of the Treasury
Internal Revenue Service
beginning

/

/

Part III Shareholder’s Share of Current Year Income,
Deductions, Credits, and Other Items

For calendar year 2018, or tax year

Ordinary business income (loss)

/

2

Net rental real estate income (loss)

2018

ending

/

Other net rental income (loss)

4

Interest income

Corporation’s employer identification number

5a Ordinary dividends

B

Corporation’s name, address, city, state, and ZIP code

5b Qualified dividends
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

.

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 . . . .

14

8b Collectibles (28%) gain (loss)

Information About the Shareholder

D

F

Credits

8a Net long-term capital gain (loss)

IRS Center where corporation filed return

Part II

13

DRAFT AS OF
August 20, 2018
DO NOT FILE
Information About the Corporation

3

A

C

OMB No. 1545-0123

Amended K-1

1

Shareholder’s Share of Income, Deductions,
▶ See back of form and separate instructions.
Credits, etc.
Part I

Final K-1

* See attached statement for additional information.
For Paperwork Reduction Act Notice, see the Instructions for Form 1120S.

www.irs.gov/Form1120S

Cat. No. 11520D

Schedule K-1 (Form 1120S) 2018

Schedule K-1 (Form 1120S) 2018

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.
For detailed reporting and filing information, see the separate Shareholder’s Instructions for Schedule K-1 and the instructions for your income tax return.
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, line 2b
5a. Ordinary dividends
Form 1040, line 3b
5b. Qualified dividends
Form 1040, 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 Section 951A income
F Section 965(a) inclusion
See the Shareholder’s Instructions
G Subpart F income other than
sections 951A and 965 inclusion
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
See the Shareholder’s
42(j)(5)) from post-2007 buildings
Instructions
D Low-income housing credit (other)
from post-2007 buildings
E Qualified rehabilitation expenditures
(rental real estate)
F Other rental real estate credits
G Other rental credits
H Undistributed capital gains credit
Schedule 5 (Form 1040), line 74, box a
I Biofuel producer credit
J Work opportunity credit
K Disabled access credit
See the Shareholder’s
L Empowerment zone employment credit
Instructions
M Credit for increasing research
activities
N Credit for employer social security
and Medicare taxes
1.

Report on

Code

14.

See the Shareholder’s Instructions
O Backup withholding
See the Shareholder’s Instructions
P Other credits
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 Section 951A category
E Foreign branch category
Form 1116, Part I
F Passive category
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 Section 951A category
L Foreign branch category
Form 1116, Part I
M Passive category
N General category
O Other
Other information
P Total foreign taxes paid
Form 1116, Part II
Q Total foreign taxes accrued
Form 1116, Part II
R Reduction in taxes available for
credit
Form 1116, line 12
S Foreign trading gross receipts
Form 8873
T Extraterritorial income exclusion
Form 8873
U Section 965 information
See the Shareholder’s Instructions
V Other foreign transactions
See the Shareholder’s Instructions
Alternative minimum tax (AMT) items
A Post-1986 depreciation adjustment
B Adjusted gain or loss
See the Shareholder’s Instructions
C Depletion (other than oil & gas)
and the Instructions for Form 6251
D Oil, gas, & geothermal—gross income
E Oil, gas, & geothermal—deductions
F Other AMT items
Items affecting shareholder basis
Form 1040, line 2a
A Tax-exempt interest income
B Other tax-exempt income
C Nondeductible expenses
See the Shareholder’s Instructions
D Distributions
E Repayment of loans from
shareholders
Other information
A Investment income
Form 4952, line 4a
B Investment expenses
Form 4952, line 5
C Qualified rehabilitation expenditures
(other than rental real estate)
See the Shareholder’s Instructions
D Basis of energy property
See the Shareholder’s Instructions
E Recapture of low-income housing
credit (section 42(j)(5))
Form 8611, line 8
F Recapture of low-income housing
credit (other)
Form 8611, line 8
G Recapture of investment credit
See Form 4255
H Recapture of other credits
See the Shareholder’s Instructions
I Look-back interest—completed
long-term contracts
See Form 8697
J Look-back interest—income
forecast method
See Form 8866
K Dispositions of property with
section 179 deductions
L Recapture of section 179 deduction
M through U
V Section 199A income
W Section 199A W-2 wages
See the Shareholder’s Instructions
X Section 199A unadjusted basis
Y Section 199A REIT dividends
Z Section 199A PTP income
AA Excess taxable income
AB Excess business interest income
AC Other information

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