Schedule IN K-1 is used to report income, deductions, credits, and other tax information passed through to a taxpayer from a partnership, S corporation, limited liability company (LLC), trust, or estate. Information from Schedule IN K-1 is used to properly report Indiana-source income and credits on the Indiana return.
When completing the Indiana Schedule IN K-1, you will be asked the following:
Name of S Corporation/Partnership
The name of the entity that issued the Schedule IN K-1.
Federal Identification Number
The federal employer identification number (FEIN) assigned to the entity.
Foreign Address Indicator
Indicates whether the entity's address is outside the United States.
Entity Address
The mailing address of the entity issuing the Schedule IN K-1.
Income, Deductions, Credits, and Withholding
Information reported on the Indiana Schedule IN K-1, including any Indiana-source income, deductions, credits, and withholding attributable to the taxpayer.
Program Entry
Indiana Return → Miscellaneous Forms → Schedule IN K-1
Notes
- Information entered in this section should match the Indiana Schedule IN K-1 provided by the entity.
- A separate Schedule IN K-1 entry is required for each entity issuing a Schedule IN K-1.
- Taxpayers should retain a copy of each Schedule IN K-1 with their tax records.
- Income, deductions, credits, and withholding reported on Schedule IN K-1 may affect both the Indiana return and county tax calculations.