Free 2008 Form 1120S (Schedule K-1) - Federal


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Pages: 2
Date: December 24, 2008
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State: Federal
Category: Tax Forms
Author: SE:W:CAR:MP
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http://www.irs.gov/pub/irs-pdf/f1120ssk.pdf

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Preview 2008 Form 1120S (Schedule K-1)
671108
Final K-1 Amended K-1 OMB No. 1545-0130

Schedule K-1 (Form 1120S)
Department of the Treasury Internal Revenue Service year beginning ending

2008
For calendar year 2008, or tax , 2008 , 20

Part III
1

Shareholder's Share of Current Year Income, Deductions, Credits, and Other Items
13 Credits

Ordinary business income (loss)

2

Net rental real estate income (loss)

Shareholder's Share of Income, Deductions, Credits, etc. See back of form and separate instructions.
Part I
A

3

Other net rental income (loss) Interest income

Information About the Corporation

4

Corporation's employer identification number

5a

Ordinary dividends 14 Foreign transactions

B

Corporation's name, address, city, state, and ZIP code

5b

Qualified dividends

6

Royalties

7 C IRS Center where corporation filed return 8a

Net short-term capital gain (loss) Net long-term capital gain (loss)

Part II
D

Information About the Shareholder

8b

Collectibles (28%) gain (loss)

Shareholder's identifying number

8c

Unrecaptured section 1250 gain

E

Shareholder's name, address, city, state, and ZIP code

9

Net section 1231 gain (loss)

10

Other income (loss)

15

Alternative minimum tax (AMT) items

F

Shareholder's percentage of stock ownership for tax year

%

11

Section 179 deduction

16

Items affecting shareholder basis

12

Other deductions

For IRS Use Only

17

Other information

* See attached statement for additional information.
For Paperwork Reduction Act Notice, see Instructions for Form 1120S. Cat. No. 11520D Schedule K-1 (Form 1120S) 2008

Schedule K-1 (Form 1120S) 2008

Page

2

This list identifies the codes used on Schedule K-1 for all shareholders and provides summarized reporting information for shareholders who file Form 1040. For detailed reporting and filing information, see the separate Shareholder's Instructions for Schedule K-1 and the instructions for your income tax return. Code Report on
1. Ordinary business income (loss). Determine whether the income (loss) is passive or nonpassive and enter on your return as follows: Report on Passive loss See the Shareholder's Instructions Passive income Schedule E, line 28, column (g) Nonpassive loss Schedule E, line 28, column (h) Nonpassive income Schedule E, line 28, column (j) 2. Net rental real estate income (loss) 3. Other net rental income (loss) Net income Net loss 4. Interest income 5a. Ordinary dividends 5b. Qualified dividends 6. Royalties 7. Net short-term capital gain (loss) 8a. Net long-term capital gain (loss) 8b. Collectibles (28%) gain (loss) 8c. Unrecaptured section 1250 gain 9. Net section 1231 gain (loss) 10. Other income (loss) Code A Other portfolio income (loss) B Involuntary conversions C Sec. 1256 contracts & straddles D Mining exploration costs recapture E Other income (loss) 11. Section 179 deduction 12. Other deductions A Cash contributions (50%) B Cash contributions (30%) C Noncash contributions (50%) D Noncash contributions (30%) E Capital gain property to a 50% organization (30%) F Capital gain property (20%) G Contributions (100%) H Investment interest expense I Deductions--royalty income J Section 59(e)(2) expenditures K Deductions--portfolio (2% floor) L Deductions--portfolio (other) M Preproductive period expenses N Commercial revitalization deduction from rental real estate activities O Reforestation expense deduction P Domestic production activities information Q Qualified production activities income R Employer's Form W-2 wages S Other deductions 13. Credits A Low-income housing credit (section 42(j)(5)) from pre-2008 buildings B Low-income housing credit (other) from pre-2008 buildings C Low-income housing credit (section 42(j)(5)) from post-2007 buildings D Low-income housing credit (other) from post-2007 buildings E Qualified rehabilitation expenditures (rental real estate) F Other rental real estate credits G Other rental credits H Undistributed capital gains credit I Alcohol and cellulosic biofuel fuels credit J Work opportunity credit K Disabled access credit L Empowerment zone and renewal communtiy employment credit See the Shareholder's Instructions See the Shareholder's Instructions Form 6781, line 1 See Pub. 535 See the Shareholder's Instructions See the Shareholder's Instructions See the Shareholder's Instructions Schedule E, line 28, column (g) See the Shareholder's Instructions Form 1040, line 8a Form 1040, line 9a Form 1040, line 9b Schedule E, line 4 Schedule D, line 5, column (f) Schedule D, line 12, column (f) 28% Rate Gain Worksheet, line 4 (Schedule D instructions) See the Shareholder's Instructions See the Shareholder's Instructions M Credit for increasing research activities N Credit for employer social security and Medicare taxes O Backup withholding P Other credits See the Shareholder's Instructions Form 8846, line 5 Form 1040, line 62 See the Shareholder's Instructions

14. Foreign transactions A Name of country or U.S. possession B Gross income from all sources Form 1116, Part I C Gross income sourced at shareholder level Foreign gross income sourced at corporate level D Passive category E General category Form 1116, Part I F Other Deductions allocated and apportioned at shareholder level G Interest expense Form 1116, Part I H Other Form 1116, Part I Deductions allocated and apportioned at corporate level to foreign source income I Passive category J General category Form 1116, Part I K Other Other information L Total foreign taxes paid Form 1116, Part II M Total foreign taxes accrued Form 1116, Part II N Reduction in taxes available for credit Form 1116, line 12 O Foreign trading gross receipts Form 8873 P Extraterritorial income exclusion Form 8873 Q Other foreign transactions See the Shareholder's Instructions 15. Alternative minimum tax (AMT) items A Post-1986 depreciation adjustment B Adjusted gain or loss C Depletion (other than oil & gas) D Oil, gas, & geothermal--gross income E Oil, gas, & geothermal--deductions F Other AMT items 16. Items affecting shareholder basis A Tax-exempt interest income B Other tax-exempt income C Nondeductible expenses D Property distributions E Repayment of loans from shareholders 17. Other information A Investment income B Investment expenses C Qualified rehabilitation expenditures (other than rental real estate) D Basis of energy property E Recapture of low-income housing credit (section 42(j)(5)) F Recapture of low-income housing credit (other) G Recapture of investment credit H Recapture of other credits I Look-back interest--completed long-term contracts J Look-back interest--income forecast method K Dispositions of property with section 179 deductions L Recapture of section 179 deduction M Section 453(l)(3) information N Section 453A(c) information O Section 1260(b) information P Interest allocable to production expenditures Q CCF nonqualified withdrawals R Depletion information--oil and gas S Amortization of reforestation costs T Other information

See the Shareholder's Instructions

See the Shareholder's Instructions and the Instructions for Form 6251 Form 1040, line 8b See the Shareholder's Instructions

Form 4952, line 1 Schedule E, line 18 See the Shareholder's Instructions Schedule A, line 23 Schedule A, line 28 See the Shareholder's Instructions See Form 8582 instructions See the Shareholder's Instructions See Form 8903 instructions Form 8903, line 7 Form 8903, line 15 See the Shareholder's Instructions

Form 4952, line 4a Form 4952, line 5 See the Shareholder's Instructions See the Shareholder's Instructions Form 8611, line 8 Form 8611, line 8 See Form 4255 See the Shareholder's Instructions See Form 8697 See Form 8866

See the Shareholder's Instructions See the Shareholder's Instructions Form 8586, line 11 Form 8586, line 11 See the Shareholder's Instructions Form 1040, line 68, box a Form 6478, line 9 Form 5884, line 3 See the Shareholder's Instructions Form 8844, line 3

See the Shareholder's Instructions