This document contains official instructions for Schedule K-1 for Form IA1120S , Form 42-004 , and Form 42-008 . . These documents are released and collected by the Iowa Department of Revenue. An up-to-date fillable Form IA1120S (42-008) Schedule K-1 is available for download through this link.
Q: What is Form IA1120S?
A: Form IA1120S is an Iowa income tax return form for S corporations.
Q: What is Schedule K-1?
A: Schedule K-1 is a form that reports the shareholders' share of income, deductions, and credits from an S corporation.
Q: Who needs to file Form IA1120S?
A: S corporations operating in Iowa need to file Form IA1120S.
Q: What information is reported on Schedule K-1?
A: Schedule K-1 reports the shareholders' share of income, deductions, and credits from the S corporation.
Q: Do I need to include Schedule K-1 with Form IA1120S?
A: Yes, you need to include Schedule K-1 with Form IA1120S when filing your Iowa income tax return.
Q: Are there any specific instructions for filling out Form IA1120S and Schedule K-1?
A: Yes, there are specific instructions provided with the form that guide you on how to fill out Form IA1120S and Schedule K-1. It is recommended to carefully review the instructions before completing the forms.
Instruction Details:
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the Iowa Department of Revenue.