This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for Schedule K-1-P, K-1-P(3) for the current year.
This document contains official instructions for Schedule K-1-P , and Schedule K-1-P(3) . Both forms are released and collected by the Illinois Department of Revenue.
Q: What is Schedule K-1-P?
A: Schedule K-1-P is a form used by partnerships and S corporations to report the income, deductions, and other tax information of each partner or shareholder.
Q: Who needs to file Schedule K-1-P?
A: Partnerships and S corporations in Illinois need to file Schedule K-1-P.
Q: What information is reported on Schedule K-1-P?
A: Schedule K-1-P reports the partner or shareholder's share of the partnership or S corporation's income, deductions, credits, and other tax information.
Q: When is the deadline to file Schedule K-1-P?
A: The deadline to file Schedule K-1-P is the same as the deadline for filing your Illinois partnership or S corporation tax return, which is generally the 15th day of the 4th month following the close of the tax year.
Instruction Details:
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