Enlarge image | IT-41 Indiana Department of Revenue 2024 Schedule IN K-1 Beneficiary’s Share of Indiana Adjusted Gross Income, State Form 55891 (R11 / 8-24) Deductions, Modifications, and Credits Tax Year Beginning and Ending Name of Trust or Estate Federal Employer Identification Number Amended IN K-1 Final IN K-1 Nonresident Beneficiary Part 1 – Identification and Distribution Information Provide a copy of this Schedule IN K-1 reflecting the beneficiary’s share of income, deductions, and credits to each beneficiary. Enclose a copy of each Schedule IN K-1 with the Form IT-41 return when filing. 1. Beneficiary’s Name 2. Beneficiary’s FEIN or Social Security Number 3. Beneficiary’s Address 4. Beneficiary’s City 5. Beneficiary’s State 6. Beneficiary’s ZIP Code 7. Beneficiary’s Federal Pro Rata Percentage 8. Indiana County of Principal Employment 2-digit code . % 9. Payer’s Name 10. Payer’s FEIN 11. Pass Through Entity Tax_________________________________________________________ 11 .00 12. IN State Tax Withheld ___________________________________________________________ 12 .00 13. IN County Tax Withheld _________________________________________________________ 13 .00 Part 2 – Pro Rata Share of Indiana Pass-through Tax Credits from Trust or Estate Column A Column B Column C Column D IT-41 Federal ID Number 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 Trusts and Estates with more than 9 IN K-1s must file electronically 4. .00 5. .00 *24100000000* 24100000000 |
Enlarge image | Part 3 – Distributive Share Amount (use the Indiana apportioned figures for the beneficiary) 1. Interest income ________________________________________________________________ 1 .00 2. Ordinary dividends _____________________________________________________________ 2 .00 3. Net short-term capital gains _____________________________________________________ 3 .00 4. Net long-term capital gains _______________________________________________________ 4 .00 5. Other portfolio and nonbusiness income ____________________________________________ 5 .00 6. Ordinary business income _______________________________________________________ 6 .00 7. Net rental real estate income _____________________________________________________ 7 .00 8. Other rental income ____________________________________________________________ 8 .00 9. Directly apportioned deductions ___________________________________________________ 9 .00 10. Final year deductions ___________________________________________________________ 10 .00 11. Total pro rata distributions (If lines 1-8 are positive, add them. If lines 1-8 are negative, see instructions. Also see instructions for reporting lines 9 and 10.) _______________ 11 .00 Part 4 – State Modifications Add or subtract the following. Enter the distributive share amount of each modification for Indiana adjusted gross income. 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. Add-back/Deduction _________________________________________Code No. 5 .00 6. Add-back/Deduction _________________________________________Code No. 6 .00 7. Add-back/Deduction _________________________________________Code No. 7 .00 8. Total distributive share of modifications (see instructions) ______________________________ 8 .00 9. Add Part 3, line 11, to Part 4, line 8. See instructions for reporting on Schedule PTET, Schedule Composite, and/or Schedule Composite-COR ___________ Adjusted Gross Income 9 .00 *24100000000* 24100000000 |