Schedule K-1 (Form 1120S)
9 articles
Articles in Schedule K-1 (Form 1120S)
IRS Form 7203 - Form lines and explanations
In the information below, use of the word entry in bold means the preparer must enter the amount that goes on this line if it's not pulled from the prior year's form.
Schedule K-1 (Form 1120-S) - Overview
Schedule K-1 (Form 1120-S) reports each shareholder’s share of an S corporation’s income, deductions, credits, and other tax items.
Schedule K-1 (Form 1120-S) - Heading Information
The last menu item, whether any Gain/Loss from the disposition of the corporation, can be toggled to be carried to Form 4797 or Schedule D of the 1040, See Line K below.
Schedule K-1 (Form 1120-S) - Income (Loss) Items
This article focuses solely on the entry of the Income (or Loss) items which are found on Lines 1 through 10 of the Schedule K-1 (Form 1120-S) Shareholder's Share of Current Year Income, Deductions, Credits, and Other Items.
Schedule K-1 (Form 1120-S) - Deductions
This article focuses solely on the entry of the Deduction items which are found on Boxes 11 and 12 of the Schedule K-1 (Form 1120-S) Shareholder's Share of Income, Deductions, Credits, etc.
Schedule K-1 (Form 1120-S) - Credits & Foreign Transactions Items
This article focuses solely on the entry of the Credit and Foreign Transaction items which are found on Boxes 13 and 14 of the Schedule K-1 (Form 1120-S) Shareholder's Share of Income, Deductions, Credits, etc.
Schedule K-1 (Form 1120S) - Alternative Minimum Tax (AMT) Items
This article focuses solely on the entry of the Alternative Minimum Tax items which are found on Box 15 of the Schedule K-1 (Form 1120-S) Shareholder's Share of Income, Deductions, Credits, etc.
Schedule K-1 (Form 1120-S) - Items Affecting Shareholder's Basis
This article focuses solely on the entry of the Items Affecting Shareholder Basis which are found on Box 16 of the Schedule K-1 (Form 1120-S) Shareholder's Share of Income, Deductions, Credits, etc.
Schedule K-1 (Form 1120S) - Other Information
This article focuses solely on the entry of the Other Information Items which are found on Box 17 of the Schedule K-1 (Form 1120S) Shareholder's Share of Income, Deductions, Credits, etc.