EFTA01221971.pdf

Schedule K-1 Schedule K-1 S Corporation 2018 (Form 1120S) Additional Information For Boxes 8c and 10 through 17 1.• Keep for your records Name(s) Shown on Return Social Security Number S Corporation Name Box 8c : Unrecaptured section 1250 gain 1 Included in net section 1231 gain 2 Included in long-term gain — passed through from estate, trust. REIT or mutual fund 3 Included in long-term gain — from disposition of interest in a partnership Box 10 : Other income (loss) Code A : Other portfolio income (loss) 1 Income or loss from REMIC — residual holder 2 Excess inclusion from REMIC 3 Section 212 expense from REMIC 4 Other (enter description): 5 Total box 10, code A Code B : Involuntary conversions 1 Loss from casualty or theft of trade. business, rental, or royalty property 2 Loss from casualty or theft of income-producing and employee property 3 Gain from casualty or theft 4 Total box 10. code B Code H : Other income 1 Recoveries (bad debt, prior tax, etc. reported on Schedule 1, line 21) 2 Ordinary gain (loss) (reported on Form 4797. Part II) 3 Net short-term capital gain (loss) not portfolio income 4 Net long-term capital gain (loss) not portfolio income 5 Other nonpassive income (loss) to be reported on Schedule E, page 2 (enter description): 6 Other (enter description): 7 Total box 10. code E Box 11: Section 179 deduction 1 Section 179 carryover from prior year Form 4562 2 Section 179 deduction allowed per current year Form 4562 (see Help) 3 Reserved for future use 4 State section 179 expense information: State . . . State 179 deduction 8. Reserved. . . State . . . State 179 deduction 8. Reserved. . . State . . . State 179 deduction r. Reserved. . . State . . . State 179 deduction r. Reserved. . . EFTA01221971  Page 2 Corporation Name: Box 12 : Other deductions Code S : Other deductions 1 Other taxes 2 Other miscellaneous itemized deductions (2% floor) 3 State income tax withheld State name . 4 Penalty on early withdrawal of savings 5 Other nonpassive deduction to be reported on Schedule E, page 2 (enter description): 6 Other * (enter description): 7 Total box 12, code S • Manually enter item here and on appropriate tax form or schedule. Box 13 : Credits Code E : Qualified rehabilitation expenditures (Additional information) 1 Select qualified rehabilitation expenditures property type . . . ► Codes F, G, M, and P : Other credits (Enter breakdown) Rental Other Form Description Real Estate Rental Other 5884 Work opportunity credit 5884-A Employee retention credit 6478 Alcohol and cellulosic biofuel fuel credit 6765 Credit for increasing research (GBC) 6765 Credit for increasing research (ESBC) 8820 Orphan drug credit 8826 Disabled access credit 8830 Enhanced Oil Recovery credit 8834 Qualified plug-in electric vehicle credit 8835 Renewable electricity production (Part I) 8835 Renewable electricity production (Part II) 8844 Empowerment zone and renewal community . . 8845 Indian employment credit 8846 Credit for employer social security and Medicare 8864 Biodiesel and renewable diesel fuels credit . . . 8874 New markets credit 8881 Small employer pension startup 8882 Credit for employer provided child care facilities 8896 Low sulfur diesel fuel credit 8900 Qualified railroad track maintenance credit . . . 8904 OiVgas production from marginal wells credit . . 8906 Distilled spirits credit 8908 Energy efficient home credit 8910 Alternative motor vehicle credit 8911 Alternative fuel vehicle refueling property credit 8923 Mine rescue team training credit 8932 Employer differential wage payments 8933 Carbon dioxide sequestration 8936 Qualified plug-in electric drive vehicle credit . 8941 Small employer health insurance premiums. . . 8994 Employer cr for paid family & medical leave . . General credits from electing large partnerships Total of above credits for codes F, 6, and P Amounts from box 13, codes F, G, and P EFTA01221972  Page 3 Corporation Name: Box 14 : Foreign transactions Code H : Foreign gross Income from other categories 1 Select category Codes C, I, and J : Shareholder level foreign income and expense Enter U.S. and foreign source (see help) Total U.S. Source Foreign 1 Gross income sourced at shareholder level 2 Interest expense allocated at shareholder level 3 Other expenses allocated at shareholder level Codes P, O : Foreign taxes paid, Foreign taxes accrued 1 Date paid (if code P) or date accrued (if code O) (mmddyyyy) 2 To claim a credit for foreign taxes paid (if code P) or foreign taxes accrued (if code Q): a Double click to link to a copy of Form 1116. Foreign Tax Credit ► b Select country column for Form 1116: AI I BI I CI c If also filing Form 2555. Foreign Earned Income Exclusion, check if earned income from this activity is already entered on Form 2555 ► 3 To claim a deduction for foreign taxes paid (if code P) or foreign taxes accrued (if code Q): a Check here to deduct foreign taxes (Schedule A. line 6) if there is NO foreign earned income from this activity reported on Form 2555 ► Box 15 : Alternative minimum tax (AMT) items Code B : Adjusted gain or loss 1 Adjustment to Section 1231 gain 2 Adjustment to unrecaptured Section 1250 gain 3 Total box 15, code B Code F : Other Alternative Minimum Tax (AMT) items 1 Incentive stock options 2 Tax-exempt interest from private activity bonds State name ► 3 Excess intangible drilling costs (IDCs) 4 Excess depletion. oil and gas 5 Accelerated depreciation of real property (before 1987) 6 Accelerated depreciation of leased property (before 1987) 7 Other (enter description): 8 Total box 15. code F Box 16 : Items affecting shareholder basis Code A : Tax-exempt interest income 1 Tax-exempt interest income. Enter state(s) and amount(s). State Amount 2 Total box 16. code A EFTA01221973  Page 4 Corporation name: Box 17 : Other information Code D : Basis of Energy Property Capacity Capacity Basis (kW / MW) (Horsepower) 1 Geothermal property 2 Solar property 3 Qualified fuel cell properly: a Pre-10/4/08 b Post-10/3/08 4 Qualified microturbine property 5 Combined heat and power system property 6 Qualified small wind energy property a 10/4/08 - 12/31/08 b Post-12/31/08 7 Geothermal heat pump systems 8 Qualified investment credit facility property Wind facility property (construction began during 9 2017) 10 Wind facility property (construction began during 2018) 11 Wind facility property (construction began during 2019) 12 Total box 17. code D Code R : Oil and Gas Depletion NOTE: Depletion expense related to Royalty Income should not be entered here. Enter the depletion expense directly on the Schedule E Worksheet that is linked to the royalty income. 1 Cost depletion 2 Percentage depletion Code AC: Other Information 1 Gross farming and fishing income 2 Qualifying advanced coal project credit (3468): a Basis of gasification combined cycle property b Basis of advanced coal property (Section 48A(d)(3)(B)(ii)) c Basis of advanced coal property (Section 48A(d)(3)(8)(iii)) 3 Qualifying gasification project credit (3468): a Basis of qualifying gasification property that separates at least 75% of emissions b Basis of qualifying gasification property other than above 4 Qualifying advanced energy project credit (3468) 5 Other (enter description): 6 Total box 17. code AC Outside Expenses Self-employed health insurance for more-than-2% S corporation shareholders 1 Health insurance premiums paid or reimbursed by the S corporation that were not reported on Form 1095-A 2 Medicare wages (Form W-2, box 5) from this corporation Interest paid 1 Interest expense from debt used to finance acquisition of S Corporation shares ' Manually enter item here and on appropriate tax form or schedule. EFTA01221974