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.
Q: What is Form IA1120S?
A: Form IA1120S is the Iowa Income Tax Return for S Corporation.
Q: What are the schedules included in Form IA1120S?
A: The schedules included in Form IA1120S are 42-004 and 42-008.
Q: What is Schedule K-1?
A: Schedule K-1 is a schedule that reports the income, deductions, and credits for each individual shareholder of the S Corporation.
Q: Who needs to file Form IA1120S?
A: S Corporations operating in Iowa need to file Form IA1120S.
Q: What information is required for Form IA1120S?
A: Form IA1120S requires information about the S Corporation's income, deductions, credits, and shareholders.
Instruction Details:
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