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.
Program Entry
Indiana Return → Miscellaneous Forms → Schedule IN K-1
The Following Information Can Be Added
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.
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.