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2022 Schedule K-1 Instructions for Shareholder
SFN 28738 (12-2022), Page 2
Purpose of form Amended Schedule K-1 (Form 60). Line 4a Sch. RZ, Part 4, line 7
North Dakota Schedule K-1 (Form 60) If you receive an amended North Dakota Line 4b Sch. RZ, Part 5, line 4
is a supplemental schedule provided by Schedule K-1 from the corporation, you Line 4c Sch. RZ, Part 6, line 6
an S corporation to its shareholders. It generally must file an amended North Line 5 Sch. 38-TC, line 3
provides information the shareholders Dakota income tax return to report the Line 6 Sch. 38-TC, line 2
may need to complete their North Dakota revised information. Attach a copy of the Line 7 Sch. 38-TC, line 4
income tax returns. amended Schedule K-1 to your amended Line 8 Sch. 38-TC, line 5
North Dakota income tax return. If you Line 9 Sch. 38-TC, line 6a
Resident individual, estate, and previously elected to be included in a Line 10 Sch. 38-TC, line 7a
trust. If you are a North Dakota resident composite filing, and you are not changing Line 11a Sch. 38-TC, line 12c
individual, estate, or trust, your entire that election, no action is required and you Line 11b Form 38, page 2,
distributive share of income from the should retain the amended Schedule K-1 Part 1, line 2
corporation is subject to North Dakota for your tax records. Line 11c Sch. 38-TC, line 12c
income tax. You received this schedule Line 11d Form 38, page 2,
only to show your distributive share of Part 1, line 2
the corporation’s North Dakota statutory Specific instructions
Line 12 Sch. 38-TC, line 9a
adjustments and tax credits (see Part 3). Line 13 Sch. 38-TC, line 11
Nonresident individual, estate, or Part 3 Line 14 Sch. 38-TC, line 15
trust. If you are a nonresident individual, All shareholders–North Dakota Line 15 Sch. 38-TC, line 16
Line 16 Sch. 38-TC, line 17
estate, or trust, you are subject to North adjustments and tax credits Line 17 Not applicable
Dakota income tax on your distributive Line 18 Sch. 38-TC, line 18
share of the corporation’s income that is The following lists show where to enter
apportioned and allocated to North Dakota. an amount from Part 3 of Schedule K-1 Line 19 Sch. 38-TC, line 19
You received this schedule to show your (Form 60) on the North Dakota income tax
distributive share of North Dakota income, return. Use the list corresponding to your Part 4
gains, losses, and deductions (see Part 4); return. “Not applicable” in the right-hand Nonresident individual, estate,
North Dakota statutory adjustments and column means that the item does not apply
tax credits (see Part 3); and North Dakota and must not be entered on your return. or trust shareholders only–
income tax withheld or paid on your North North Dakota income (loss)
Dakota distributive share of income (see Lines 1–19
Part 5). Form ND-1 filer: Line 20
Include the This is for the North Dakota Office of State
General instructions amount from Tax Commissioner’s information only.
The instructions for Parts 3 through 5 of this schedule On:
this schedule show where to report the Line 1 Form ND-1, line 6 Lines 21-33
information from Schedule K-1 (Form 60) Line 2 Sch. RZ, Part 1, line 18 If you are a nonresident individual, estate,
on your North Dakota income tax return. Line 3 Form ND-1SA, line 2 or trust, lines 21 through 33 of Part 4
Line 4a Sch. RZ, Part 4, line 7 show your share of the corporation’s
Tax year. References to a North Dakota Line 4b Sch. RZ, Part 5, line 4 North Dakota income, gains, losses, and
form and line number contained in these Line 4c Sch. RZ, Part 6, line 6 deductions that you must report on your
instructions are references to the form in Line 5 Sch. ND-1TC, line 4 North Dakota income tax return. Transfer
use for the 2022 calendar year. However, Line 6 Sch. ND-1TC, line 3 these amounts to your North Dakota
if you file your return on a calendar year Line 7 Sch. ND-1TC, line 6 income tax return as instructed below
basis, but the corporation files its return Line 8 Sch. ND-1TC, line 7 based on the type of return you are filing.
on a fiscal year basis, report the amounts Line 9 Sch. ND-1TC, line 8a If the full amount of any item is not
on your return for the year in which the Line 10 Sch. ND-1TC, line 9a included in your adjusted gross income on
corporation’s fiscal year ends. For example, Line 11a Sch. ND-1TC, line 15b your federal income tax return because of
if the corporation has a fiscal year ending Line 11b See instructions to limitations on the deductibility of a passive
in February 2023, report the amounts from Form ND-1, line 4 activity loss, capital loss, section 179
the 2022 Schedule K-1 (Form 60) on your Line 11c Sch. ND-1TC, line 15b deduction, or for any other reason, enter
2023 tax return. The corporation’s tax year Line 11d See instructions to on your North Dakota return only that
is shown at the top of the schedule. Form ND-1, line 4 portion of the item included in your federal
Composite filing election. If you elected Line 12 Sch. ND-1TC, line 11a adjusted gross income.
to include your North Dakota distributive Line 13 Sch. ND-1TC, line 13
share of income in a composite filing Line 14 Sch. ND-1PSC, line 4 Attach a statement to your North
by the corporation, the information Line 15 Sch. ND-1PSC, line 13 Dakota income tax return explaining
provided on the schedule is only for your Line 16 Sch. ND-1PSC, line 22 any difference between an amount
information. Retain the schedule for your Line 17 Sch. ND-1TC, line 21 shown on North Dakota Schedule K-1
tax records. The composite income tax Line 18 Sch. ND-1TC, line 22 (Form 60) and the amount reported on
paid by the corporation satisfies your North Line 19 Sch. ND-1TC, line 23 your North Dakota income tax return.
Dakota income tax filing and payment Form ND-1 filer (nonresident only):
obligations with respect to your North Form 38 filer:
Dakota distributive income from the Include the Include the
corporation. If you later choose to revoke amount from amount from On Schedule ND-1NR,
your composite filing election and file your this schedule On: this schedule: Column B:
own North Dakota income tax return, Line 1 Form 38, page 2, Lines 21-23 Line 6
follow the instructions to Parts 3 through 5 Part 1, line 4a Lines 24-25 Line 2
to transfer the amounts from the schedule Line 2 Sch. RZ, Part 1, line 18 Line 26 Line 6
to your return. Line 3 Form 38, page 2, Lines 27-29 Line 4
Part 1, line 4d Line 30 Line 8
Lines 31-32 Line 6
Line 33 Line 4
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