IT-20S/IT-65 Indiana Department of Revenue
2024 Schedule IN K-1 Shareholder’s/Partner’s Share of Indiana Adjusted Gross 
State Form 49181 
(R24 / 8-24) Income, Deductions, Modifications, and Credits

 Tax Year Beginning 2024 and Ending

Name of S Corporation/Partnership Federal Employer Identification Number

Distributions – Provide Schedule IN K-1 to each shareholder/partner. Enclose Schedule IN K-1 with Form IT-20S/IT-65 return.

Part 1 – Shareholder/Partner’s Identification Section
1. Shareholder/Partner Name

Check if amended
2.  Shareholder/Partner FEIN or Social Security Number 3.  Shareholder/Partner Federal Pro Rata Percentage

. %
4. If the partner is a disregarded entity (DE), enter the partner’s:
a. Name b. FEIN

5. What type of entity is the partner?

6.  Shareholder/Partner State of Residence or Commercial Domicile 7.   Indiana County of Principal Employment 2-digit code

8. Payer’s Name 9. Payer’s FEIN

10. Pass Through Entity Tax_________________________________________________________ 10 .00

11. IN State Tax Withheld ___________________________________________________________ 11 .00

12. IN County Tax Withheld  _________________________________________________________ 12 .00

Part 2 - Pro Rata Share of Indiana Pass-through Tax Credits from S Corporation/Partnership

Column A Column B Column C Column D 
IT-20S/IT-65 FEIN  Certification  Certification/Project/PIN  Tax Credit  Column E 
if Credit is from IN K-1 Year Number Code Amount Claimed

1. .00

2. .00

3. .00

4. .00
Pass-through entities with more than 24 IN K-1s must file electronically

*24100000000*
24100000000

Part 3 - Distributive Share Amount (use apportioned figures for nonresident shareholders/partners)

1.  Ordinary business income (loss) __________________________________________________                1     .00

2.  Net rental real estate income (loss) ________________________________________________             2     .00

3.  Other net rental income (loss) ____________________________________________________               3     .00

4.  Guaranteed payments (for IT-65 filers only; if filing IT-20S, skip to line 5) ________________    4     .00

5.  Interest income ________________________________________________________________                  5     .00

6.  Ordinary dividends _____________________________________________________________                  6     .00

7.  Royalties _____________________________________________________________________                   7     .00

8.  Net short-term capital gain (loss) __________________________________________________             8     .00

9.  Net long-term capital gain (loss)  __________________________________________________             9     .00

10.  Net IRC Section 1231 gain (loss) __________________________________________________              10    .00

11.  Other income (loss) ____________________________________________________________                 11    .00

12.  IRC Section 179 expense deduction _______________________________________________                12    .00

13.  a. Portion of expenses related to investment portfolio income, including investment interest 
      expense and other (federal nonitemized) deductions (see instructions) __________________   13a        .00

13. b. Other information from line 20 of federal K-1 related to investment interest and expenses not  
      listed elsewhere (see instructions) _______________________________________________               13b .00
14.  Total pro rata distributions. Add all positive amounts on lines 1 through 11. See instructions  
    for lines 12, 13a, 13b, and if you reported negative amounts on lines 1 through 11. ___________   14    .00

Part 4 - State Modifications  Add or subtract the following. Designate the distributive share amount of each modification for Indiana 
adjusted gross income from line 2 on the front of Form IT-20S/IT-65. For nonresidents, apply apportioned figures. (Use a minus sign to 
denote negative amounts.)
1.  State income taxes deducted _____________________________________________________                 1     .00

2.  Net bonus depreciation allowance _________________________________________________                2     .00

3.  Excess IRC Section 179 deduction  ________________________________________________                3     .00

4.  Interest on U.S. obligations  ______________________________________________________              4     .00

5.  Addback/Deduction  __________________________________________Code No.              5                    .00

6.  Addback/Deduction  __________________________________________Code No.              6                    .00

7.  Addback/Deduction  __________________________________________          Code No.                   7     .00

8.  Total distributive share of modifications (see instructions) _______________________________      8     .00

9.  Add Part 3, line 14, to Part 4, line 8. See instructions for reporting on Schedule PTET,  
    Schedule Composite, and/or Schedule Composite-COR.  ___________  Adjusted Gross Income            9     .00

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