EFTA01222005.pdf

Schedule K-1 Shareholder's Share of Income, Credits, 2018 (Form 1120S) Deductions, etc. 0.• Keep for your records Shareholders Name Social Security Number Part I Information About the Corporation A Corporation's Employer Identification Number B Corporation's Name Address City State ZIP Code C IRS Center where corporation filed return Part II Information About the Shareholder Shareholder is Taxpayer . ..n Spouse. . . Joint . . . D Shareholder's Identifying Number E Shareholder's Name Address City State ZIP Code F Shareholder's percentage of stock ownership for tax year At-Risk Status (check one): All investment in corporation is at-risk Some investment in corporation not at-risk Final / Amended Final K-1 and Amended K-1 Checkboxes Final K-1 n Amended K-1 . Part III Shareholder's Share of Current Year Income, Deductions, Credits, Other Items Check Type of Activity Reported on this Schedule K-1: Business Rental Real Estate ► Other Rental Activities ► Other (investment club. etc.) ► 1 Ordinary business income (loss) Check if "materially" participated in the business activities ►n 2 Net rental real estate income (loss) Check if "materially" participated in rental real estate activities ► Check if "actively" participated in rental real estate activities ► Check if rental of property is a type subject to recharacterization rules . . ► Check if rental real estate activity is a trade or business. ► 3 Other net rental income (loss) Check if rental of property is a type subject to recharacterization rules . . . . ► Check if rental activity is a trade or business ► 4 Interest income Interest income from U.S. obligations included in box 4 5 a Ordinary dividends 5 b Qualified dividends Interest income from U.S. obligations included in box 5 6 Royalties Double-click to link royalties to Schedule E Worksheet ► EFTA01222005  Page 2 Corporation Name: Part III Shareholder's Share of Current Year Income, Deductions, Other Items (continued) 7 Net short-term capital gain (loss) 8 a Net long-term capital gain (loss) 8 b Collectibles (28%) gain (loss) 8 c Unrecaptured section 1250 gain 9 Net section 1231 gain (loss) 10 Other income (loss) Code Description Amount 11 Section 179 deduction 12 Other deductions Code Description Amount 13 Credits & credit recapture Code Description Amount 14 Foreign transactions A Name of country or U.S. possession. . . . Code Description Amount 15 Alternative minimum tax (AMT) items Code Description Amount 16 Items affecting shareholder basis Code Description Amount 17 Other information Code Description Amount EFTA01222006  Page 3 Corporation name: Section Al Passive Activity Adjustment to Income or Loss — For Regular Tax Purposes Passive status (a) (b) (c) (d) Passive Activity Gain (Loss) Suspended Net Loss Income (Loss) Limited by Loss Income Suspended Description Form 6198 Carryover (Loss) for if Applicable From Allowed Current Prior Year Year Enter as Negative Regular Tax 1 Ordinary Income (loss) for Schedule E: a Ordinary income (loss) pass through. . . b Section 179 expense c Section 59(e)(2) expense d Unreimbursed expenses e Depletion expense f Interest expense g Total 2 Ordinary income (loss) for Form 1040: a Recoveries (bad debt, etc.) b Cancellation of debt income c Total 3 Total ordinary income (loss) Add 1g, 2c 4 Commercial revitalization deduction: a Commercial revitalization deduction . . . . b Memo: Net to Sch E. Line lg less 4a. . . 5 Short-term capital gain (loss) for Sch D: a Non-portfolio capital gain (loss) b Installment sale c Sale of assets d Sale of S corporation interest e Total 6 Long-term capital gain (loss) for Sch D: a Non-portfolio capital gain (loss) b Installment sales c Sale of assets d Sale of S corporation interest e Total 7 Section 1231 gain (loss) for Form 4797: a Section 1231 gain (loss) pass through . . b Installment sales c Sale of assets d Total 8 Ordinary gain (loss) for Form 4797: a Ordinary gain (loss) pass-through b Installment sales c Sale of assets d Sale of S corporation interest e Total 9 Total Combine lines 3,4a.5e,6e,7d,8e. . EFTA01222007  Page 4 Corporation name: Section Passive Activity Adjustment to Income or Loss — Alternative Minimum Tax Purposes (a) (b) (c) (d) Passive Activity Gain (Loss) Suspended Net Loss Income (Loss) Limited by Loss Income Suspended Description Form 6198 Carryover (Loss) for if Applicable From Allowed Current Prior Year Year Enter as Negative 1 Ordinary Income (loss) for Schedule E: a Ordinary income (loss) pass through. . . b Section 179 expense c Section 59(e)(2) expense d Unreimbursed expenses e Depletion expense f Interest expense g Total 2 Ordinary Income (loss) for Form 1040: a Recoveries (bad debt, etc.) b Cancellation of debt income c Total 3 Total ordinary Income (loss) Add 1g, 2c 4 Commercial revitalization deduction: a Commercial revitalization deduction . . . . b Memo: Net to Sch E. Line 1g less 4a . 5 Short-term capital gain (loss) for Sch D: a Non-portfolio capital gain (loss) b Installment sale c Sale of assets d Sale of S corporation interest e Total 6 Long-term capital gain (loss) for Sch D: a Non-portfolio capital gain (loss) b Installment sales c Sale of assets d Sale of S corporation interest e Total 7 Section 1231 gain (loss) for Form 4797: a Section 1231 gain (loss) pass through . . b Installment sales c Sale of assets d Total 13 Ordinary gain (loss) for Form 4797: a Ordinary gain (loss) pass-through b Installment sales c Sale of assets d Sale of S corporation interest e Total 9 Total Combine lines 3,4a,Se,6e,7d,13e. . EFTA01222008  Page 5 Corporation Name Section Cl Income and Loss Reported on Schedule E, Supplemental Income or Loss Passive Income and Loss Nonpassive Income and Loss Description (1) (g) (h) (I) (9 Loss K-1 Income K-1 Loss K-1 Section 179 Income K-1 EFTA01222009  Page 6 Corporation Name Section D Qualified Business Income Deduction Info A Does this K-1 include a Section 199A business? Yes No B Trade or Business Name C Trade or Business ID Number D 1 Specified Service Trade or Business (SSTB)? . . Yes No 2 If No. is income attributable to SSTB9 Yes No 3 If income is attributable to SSTB. select OBI worksheet of associated SSTB 4 Percentage of qualified income attributable to SSTB E 1 Starting business income 2 Adjustments a Total section 179 expenses b Sec 179 expenses from QBI and not included in 199A income . c Allowable QBI sec 179 expenses after 179 limits d Other non-qualified items to subtract from business income . . Total allowable QBI sec 179 expenses and other adjustments 3 Qualified business income 4 Allowable QBI after passive/at-risk limits 5 Allowable QBI allocated to SSTB 6 Allowable QBI from this business F 1 Short term gain (loss) from business assets 2 Short term gain (loss) not part of QBI or already included in Box 17 199A income. . . 3 Qualified short term gain (loss) not already included in Box 17 199A income 4 Allowable short term qualified gain (loss) after passive/at-risk limits 5 Allowable short term gain (loss) allocated to SSTB 6 Allowable short term gain (loss) from this business G 1 Section 1231 gain (loss) from business assets 2 Section 1231 gain (loss) not related to qualified business income 3 Section 1231 gain (loss) from qualified business 4 Allowable ordinary 1231 qualified gain (loss) after passive/at-risk limits 5 Allowable ordinary 1231 gain (loss) allocated to SSTB 6 Allowable ordinary 1231 gain (loss) from this business H 1 Allowable qualified business income (line E6 plus F6 plus G6) 2 Qualified business income allocated to SSTB I 1 Tentative wages 2 Adjustments 3 Qualified wages 4 Qualified wages allocated to SSTB J 1 Tentative Unadjusted Basis Immediately after Acquisition (UBIA) 3 Adjustments 4 Qualified UBIA 5 Qualified UBIA allocated to SSTB K QBI worksheet to report. double click to link L 1 Net income allocable to qualified payments from agricultural or horticultural coop . . . 2 Wages allocable to qualified payments from coop 3 Form 1099PATR line 6 (DPAD) from coop(s) with tax year starting before 1/1/2018 4 Form 1099PATR line 6 (DPAD) from coop(s) with tax year starting after 12(3112017 EFTA01222010  Page 7 Corporation Name M 1 Tentative REIT dividends 2 Adjustments 3 Net REIT dividends N 1 Tentative publicly traded partnership income 2 Adjustments 3 PTP income allowed after passive/at-risk limits 4 PTP is an SSTB? No 0 Yes 0 Qualified Business Income Carryovers Carryovers Carryforward to 2018 to 2019 A OBI suspended loss - at-risk B OBI suspended loss - passive C Form 4797 short term suspended loss - at-risk D Form 4797 short term suspended loss - passive E Form 4797 long term (sec 1231) suspended loss - at-risk F Form 4797 long term (sec 1231) suspended loss - passive G Suspended Section 179 expenses H PTP income suspended loss EFTA01222011