2020 IA 1120S Schedule K-1 
                                       Shareholder’s Share of Iowa Income, Deductions, Modifications 
                                                                                                                                     tax.iowa.gov 
Part I: General Information
Corporation Information:                                                                   Amended K-1   ☐
Name: _________________________________________                                            Shareholder’s Entity Type: 
Federal Employer Identification Number (FEIN):                                             Individual ..........  ☐  Estate .............  ☐
  ______________________________________________                                                          ☐          Bank ...............  ☐
                                                                                           Trust .................   
Shareholder Information:                                                                                                             ☐
                                                                                           Exempt Organization ..............................   
Name: _________________________________________ 
                                                                                           Shareholder’s Ownership Percentage .......  _____________ % 
Social Security Number/FEIN:  ______________________ 
                                                                                           S Corp Iowa Receipts ............................. $ _____________  .00 
Address: _______________________________________ 
                                                                                           S Corp Total Receipts ............................. $ _____________ .00 
  ______________________________________________ 
                                                                                           S Corp Business Activity Ratio from 
City: _________________ State: ______ ZIP: ___________                                     page 1, Part IV, line 13 of IA1120S ...........  _____________ % 
Resident Shareholder   ☐        Nonresident Shareholder ☐
Is the S Corporation including additional attachments with this K-1?                       Yes ☐   No ☐ 
Part II: Shareholder’s Pro Rata Share Items 
Completed Iowa Schedule K-1s (including additional attachments) for all shareholders must be included with the IA 1120S Return. 
                                                                                                                     (b) Nonresident            (c) Nonresident
                                                                                           (a) Federal K-1
                 Income/Adjustments                                                                                Business Activity            Apportionable to
                                                                                           Amount
                                                                                                                     Ratio                      Iowa (a) x (b) 
1. Ordinary business income/(loss) ........................................  
2. Net rental real estate income/(loss) ....................................  
3. Other net rental income/(loss) ............................................  
4. Interest income ..................................................................  
5. Dividends line 5a, federal K-1 ............................................  
6. Royalties ............................................................................  
7. Net short-term capital gain/(loss) .......................................  
8. Net long-term capital gain/(loss) line 9a, federal K-1 ..........  
9. Net section 1231 gain/(loss) ...............................................  
10. Other income/(loss) ...........................................................  
Total Income. Add lines 1 through 10 
11. Section 179 deduction .......................................................  
12. Other deductions ...............................................................  
Total deductions. Add lines 11 and 12 
Balance. Subtract total deductions from total income 
13. Credits from the credit section of federal K-1 .....................  
14. a)  Post-1986 depreciation adjustment ...............................  
    b) Adjusted gain/(loss) ......................................................  
    c) Depletion other than oil and gas....................................  
    d) Gross income from oil, gas, and geothermal properties
    e) Deductions allocable to oil, gas, and geothermal
        properties ......................................................................  
    f) Other adjustments and tax preference items. Include
        schedule .......................................................................  
15. Modifications Schedule
    a) All Source Modifications: ________________________
    b) Business Activity Ratio: _________________________
    c) Apportionable to Iowa (a) x (b): ___________________
Part III: Shareholders Portion of IA Credits/Withholding 
        Type of Iowa Credit                            Certificate Number                                             Current Year Amount 
IA Income Tax Withheld 

To The Shareholder: You may have a filing requirement with the State of Iowa, even if you are not a resident. The corporation may file a 
composite return on behalf of its nonresident shareholders and should notify you if they have done so. To claim any withholding or tax credits, a 
return must be filed. Filing information for individuals, corporations, and other entities are provided on our        website (tax.iowa.gov) or by calling 
515-281-3114 or 800-367-3388.

        42-008 (10/09/2020)