1350                                                            STATE OF SOUTH CAROLINASTATE OF SOUTH CAROLINA
                                                                                            DEPARTMENT OF REVENUEDEPARTMENT OF REVENUE
                                                                                                                                                               SC1065 K-1 
                                                     PARTNER'S SHARE OF SOUTH CAROLINA                                                                         (Rev. 9/29/21) 
                            dor.sc.gov
                                                    INCOME, DEDUCTIONS, CREDITS,  ETC.                                                                                3515
                                     For calendar year                                 or tax year beginning                               and ending
Partner's Identification Number                                                                         Partnership's FEIN
Partner's name, address, and ZIP                                                                        Partnership's name, address, and ZIP 

                            Partnership - Check for Active Trade or Business election 
If partner is a disregarded entity, name and SSN or FEIN of owner:
Check if:        Final K-1          Amended K-1          Nonresident

Check if partner is exempt from nonresident withholding because the: 
        partner filed an I-309 affidavit with the Partnership          partner is included in a composite return         partner is a tax exempt entity 
                                                                                                A           B                                     C                       D 
Partner's Share of Current Year Income,                                                         Federal     Plus or                               Amounts Not            Amounts 
Deductions, Credits, etc.                                                                       K-1         Minus                                 Allocated or           Allocated or 
                                                                                                Amounts SC Adjustments                        Apportioned to SC       Apportioned to SC
                              1 Ordinary business income (loss)..............                 1           1                                     1                       1

                              2 Net rental real estate income (loss).........                 2           2                                     2                       2

                              3 Other net rental income (loss).................               3           3                                     3                       3

                              4 Guaranteed payments ............................              4           4                                     4                       4

                              5 Interest income.........................................      5           5                                     5                       5

                              6 Dividends.................................................  6           6                                     6                       6

              Income (Loss)   7 Royalties..................................................   7           7                                     7                       7

                              8 Net short-term capital gain (loss).............               8           8                                     8                       8

                              9 Net long-term capital gain (loss)..............             9           9                                     9                       9

                            10  Net Section 1231 gain (loss)....................            10          10                                    10                      10

                            11  Other income (loss)..................................       11          11                                    11                      11

                            12  Section 179 deduction..............................         12          12                                    12                      12

                            13  Other deductions                                            13          13                                    13                      13
              Deductions

                            14  Active Trade or Business Income taxed by the Partnership .............................................................                14

                            15  Net taxable income (add line 1 through line 11 then subtract line 12, line 13, and line 14                    )...................... 15

                            16  Withholding Tax for nonresident partner (see SC1065 K-1 Instructions).............................................   16
                                List applicable South Carolina tax credits. (Attach an additional sheet if needed.)
                            17                                                                                                                                        17

              Credits       18                                                                                                                                        18

                            19  Total South Carolina tax credits.................................................................................................   19

                            35151018

                                              INSTRUCTIONS  
                                               
General purpose: The partnership prepares the SC1065 K-1 to show each partner's share of the entity's income. Each 
item of income is adjusted as required by South Carolina law and allocated or apportioned to South Carolina or to states 
other than South Carolina. 
 
Checkboxes: 
 • Check the Partnership - Check for Active Trade or Business election box if the partnership is electing to pay 
   tax on active trade or business income at the entity level. This election is made at the partnership level and 
   applies to all partners. 
 • Check the Nonresident box if the partner is not a South Carolina resident.  
 • If the nonresident is not subject to withholding, check the appropriate box to indicate if the nonresident partner 
   filed an I-309 affidavit, is included in a composite return, or is a tax exempt entity.  
 
Column A, line 1 through line 13: Enter amounts from the federal Schedule K-1. 
 
Column B, line 1 through line 13: Enter the partner's share of South Carolina adjustments to federal taxable income 
(loss) from SC-K Worksheet, column B. Show additions as a positive number and subtractions in brackets      to signify a 
negative number. 
 
Column C, line 1 through line 13: Enter the partner's share of income (loss) or deductions allocated or apportioned to 
states other than South Carolina. 
 
Column D, line 1 through line 13: Enter the partner's share of income (loss) or deductions allocated or apportioned to 
South Carolina. 
 
Line 14: Enter the partner's share of Active Trade or Business Income taxed by the Partnership. 
 
Line 15: Add Column D, line 1 through line 11 and subtract the amounts from line 12, line 13, and line 14.  
 
Line 16: Partnerships are required to withhold 5% of the South Carolina taxable income of nonresident partners. 
Partnerships must provide nonresident partners a federal 1099 MISC with South Carolina Only written at the top showing 
respective amounts of income and tax withheld. Enter the Withholding Tax amount on line 16. 
 
Line 17 and line 18: List the partner's share of South Carolina tax credits. 
 
Instructions for Partnership: Include all SC1065 K-1s with your SC1065, Partnership Return. Provide a SC1065 K-1 to 
each partner. 
 
Instructions for Partner: If filing a paper return, attach to your Income Tax Return. If filing electronically, keep with your 
records.

Social Security Privacy Act Disclosure 
It is mandatory that you provide your Social Security Number on this tax form if you are an individual taxpayer. 42 U.S.C. 405(c)(2)(C)(i) 
permits a state to use an individual's Social Security Number as means of identification in administration of any tax. SC Regulation 
117-201 mandates that any person required to make a return to the SCDOR must provide identifying numbers, as prescribed, for 
securing proper identification. Your Social Security Number is used for identification purposes. 

The Family Privacy Protection Act 
Under the Family Privacy Protection Act, the collection of personal information from citizens by the SCDOR is limited to the information 
necessary for the SCDOR to fulfill its statutory duties. In most instances, once this information is collected by the SCDOR, it is protected 
by law from public disclosure. In those situations where public disclosure is not prohibited, the Family Privacy Protection Act prevents 
such information from being used by third parties for commercial solicitation purposes.