PA SCHEDULE RK-1
Resident Schedule of Shareholder/
Partner/Beneficiary Pass Through
Income, Loss and Credits
2018
PA-41 RK-1 04-18
PA Department of Revenue
Amended Schedule
Limited Partner
or Other LLC
Member
General Partner
or LLC Member
- Manager
14 Distributions from PA Accumulated Adjustments Account . . . .
15 Distributions of Cash, Marketable Securities, and Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If liquidating, fill in the oval.
FEIN
FEIN
SSN
Revenue ID
1 PA-Taxable Business Income (Loss) from Operations . . . . . . . . . . .
2 Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Dividend Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Net Gain (Loss) from the Sale, Exchange or Disposition of Property . . . . . .
5 Net Income (Loss) from Rents, Royalties, Patents and Copyrights . . . . . . . .
6 Income of/from Estates or Trusts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Gambling and Lottery Winnings (Loss)
8 Resident Credit. Submit statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Total Other Credits. Submit statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10 Distributions of Cash, Marketable Securities, and Property - not including guaranteed payments . . .
11 Guaranteed Payments for Capital or Other Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 All Other Guaranteed Payments for Services Rendered . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13 Guaranteed Payments to the Retired Partner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 Nontaxable income (loss) or nondeductible expenses required to . . . .
calculate owners basis. Submit statement.
If a loss, fill in the oval.
If a loss, fill in the oval.
If a loss, fill in the oval.
If a loss, fill in the oval.
1
8
9
10
11
12
13
14
15
16
2
3
4
5
6
7
Spouse’s SSN
If jointly held
Last Name
Name of Entity Issuing RK-1
First Line of Address
Second Line of Address
City or Post Office
State
ZIP Code
State
ZIP Code
Suffix First Name
M I
City or Post Office
17 Owners Share of IRC Section 179 allowed according to PA rules . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 Owners Share of Straight-Line Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19 Partners Share of Nonrecourse Liabilities at year-end . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20 Partners Share of Recourse Liabilities at year-end . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Partnership
LLC
Estate/Trust
Entity: (Fill in one oval only)
Final Owner:
PA S Corp.
All Other Corp.
Estate/Trust
Partnership
LLC
Exempt
Fiscal Year
Short Year
Individual
Shareholders stock ownership: ________%
Beneficiary’s year-end distribution: ________%
Partners percentage of:
Profit sharing: ________%
Loss sharing: ________%
Ownership of capital: ________%
Part I. General Information
Phone Number
Name of Owner Receiving RK-1 (if other than an individual)
Part IIPart III
Part IVPart V
Part VI
Part VII
PA S Corp
Partner:
17
18
19
20
Enter whole dollars only
If a loss, fill in the oval.
NOTE: Amounts from this schedule must be reported on the appropriate PA Tax Return.
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Pennsylvania Department of Revenue 2018
Instructions for PA-41 Schedule RK-1
Resident Schedule of Shareholder/Partner/Beneficiary
Pass Through Income, Loss and Credits
PA-41 RK-1 IN 04-18
PURPOSE OF SCHEDULE
Estates and trusts use PA-41 Schedule
RK-1 to report income of estates and
trusts to each resident beneficiary. A
PA-41 Schedule RK-1 is also used to
report the income of the estate or trust
for each beneficiary that is a nonresident
estate or trust and each nonresident
partnership, PA S corporation or entity
formed as a limited liability company
classified as a partnership or PA S cor-
poration for federal income tax purposes.
Resident estate and trust beneficiaries
are subject to tax on their shares of the
estate or trust’s distributed or distributable
income, regardless of income source.
Nonresident estate and trust beneficiaries
are only subject to Pennsylvania personal
income tax on their shares of the estate
or trust’s distributed or distributable
Pennsylvania-source income.
Resident Beneficiary Residency
Status
The fiduciary of an estate or trust must
determine (through reasonable means)
the residency status of each individual
and/or estate or trust beneficiary. A fidu-
ciary of an estate or trust that fails to
keep an accurate list of beneficiaries
may be subject to the tax, penalty and
interest of any beneficiary who was
provided a PA-41 Schedule NRK-1
when a PA-41 Schedule RK-1 should
have been provided.
Who Should Receive a PA-41
Schedule RK-1
A PA-41 Schedule RK-1 must be prepared
and provided to every Pennsylvania
resident beneficiary who is an individual.
A copy of the PA-41 Schedule RK-1 for
each resident beneficiary who is an
individual must accompany the estate or
trust’s PA-41, Fiduciary Income Tax
Return.
The estate or trust must prepare and
provide both PA-41 Schedules RK-1 and
NRK-1 to any beneficiary that was a/an:
Individual who was a part-year
Pennsylvania resident;
Estate or trust;
PA S corporation;
Partnership; or
Entity formed as a limited liability
company classified as a partnership
or PA S corporation for federal
income tax purposes.
Both schedules for each such benefici-
ary must also be submitted with the
PA-41, Fiduciary Income Tax Return.
IMPORTANT: The department
does not accept federal Form
1041 Schedule K-1 because the sched-
ule does not properly reflect the classified
Pennsylvania-taxable income amounts.
PA-41 Schedules RK-1 submitted to
resident and entity beneficiaries should
reflect the taxable income to
Pennsylvania residents even if the
estate or trust is a nonresident.
PA-41 Schedules NRK-1 issued to
nonresident entity beneficiaries should
reflect just the Pennsylvania-source
income taxable to those beneficiaries.
Additionally, PA-41 Schedules NRK-1
issued to nonresident estates or trusts
should also reflect PA tax withheld for
nonresident beneficiaries. See the
instructions for PA-41 Schedule NRK-1.
How To Amend
PA-41 Schedule RK-1
Where an amendment to the PA-41,
Fiduciary Income Tax Return, results in
a need to amend the PA-41 Schedule
RK-1, an amended PA-41 Schedule RK-1
must be forwarded to the PA Department
of Revenue with the amended tax return,
and a copy must be provided to each
beneficiary.
An amended PA-41, Fiduciary Income
Tax Return, and an amended PA-41
Schedule RK-1 for each beneficiary
must also be filed to correct any error
on or reflect any change to the original
PA-41, Fiduciary Income Tax Return,
whether or not an amended federal
Form 1041 was filed for that year.
To amend an original PA-41 Schedule
RK-1, use a blank schedule for the tax
year to be amended and fill in the
“Amended Schedule” oval at the top of
the schedule. Do not send a copy of the
original schedule. Complete the sched-
ule by entering the corrected information
and submit it with the amended PA-41,
Fiduciary Income Tax Return. See
“Where To File” in the PA-41 instructions.
Foreign Address Instructions
(other than Canada)
If the estate or trust is located outside
the U.S., it is important to write the
foreign address on the PA-41 Schedule
RK-1 according to U.S. Postal Service
standards.
Failure to use these standards may
delay any refunds requested or corre-
spondence necessary to complete the
processing of the return.
To comply with foreign address stan-
dards, use the following rules when
completing the address portion of the
PA-41 Schedule RK-1.
Eliminate apostrophes, commas,
periods and hyphens.
Use all capital letters to write all lines.
Write the name of the estate or trust
in the space provided.
Write the name and title of the
fiduciary in the space provided.
Write the address in the space
provided, including street and build-
ing name and number, apartment or
suite numbers, city name and city or
provincial codes.
Write only the name of the country
in the space provided for the city or
post office.
Write OC in the entry space for state
to indicate out-of-country.
Leave the ZIP code spaces on the
PA-41 Schedule RK-1 blank.
GENERAL INFORMATION
COMPLETING
PA-41 SCHEDULE RK-1
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2 www.revenue.pa.gov
Providing the address in this format will
better ensure that the department is able
to send a refund on a timely basis or
contact the estate or trust if additional
information is required.
Below is an example of a properly
completed foreign address.
Foreign Address Example.
DIETRIC-FISCHER INGE TRUST
PATRIK FISCHER TTEE
WEIMARER STR 7 5300 BONN 1
GERMANY OC
Canada Only Foreign Address
Instructions
The same rules apply as for other for-
eign address instructions. However,
when the Canada address contains a
postal zone and two-character abbrevi-
ation for provinces and territories, there
are special spacing rules for the address
line for the PA-41 Schedule RK-1. On
mail to Canada, there must be two
spaces between the province abbrevia-
tion and the postal code. Below is an
example of a properly completed
Canada foreign address.
SAUNDERS HELEN ESTATE OF
JANET SAUNDERS EXECUTRIX
9 BOW ST OTTAWA ON K1A 0B1
CANADA OC
If the estate or trust’s address does not
fit in the available spaces on the PA-41
Schedule RK-1 using the above formats,
please include a separate statement
with the return showing the complete
address.
SSN
Enter the nine-digit Social Security
number (SSN) if the beneficiary of the
estate or trust is an individual receiving
the PA-41 Schedule RK-1.
Last Name, Suffix, First Name,
Middle Initial
Enter the last name; suffix such as Jr.,
Sr., etc; first name and middle initial of
the individual beneficiary who is receiving
the PA-41 Schedule RK-1.
Spouse’s SSN
Enter the nine-digit SSN of the spouse
of the beneficiary (if jointly held) receiving
the PA-41 Schedule RK-1.
FEIN
Enter the nine-digit federal employer
identification number (FEIN) of the entity
beneficiary receiving the PA-41 Schedule
RK-1.
Name of Owner Receiving
RK-1 (Other Than an Individual)
If the beneficiary of the estate or trust is
an estate, trust a partnership, PA S
corporation or entity formed as a limited
liability company classified as a partner-
ship or PA S corporation for federal
income tax purposes, enter the FEIN
and name of the entity receiving the
PA-41 Schedule RK-1. If the PA Schedule
RK-1 is being issued to an individual
beneficiary, leave this field blank.
First Line of Address
Enter the street address of the individual
or entity beneficiary receiving the PA-41
Schedule RK-1. If the address has an
apartment number, suite or RR number,
enter it after the street address. Eliminate
all punctuation such as apostrophes,
commas, periods and hyphens.
The U.S. Postal Service preference is to
put the actual delivery address on the
line immediately above the city, state
and ZIP Code.
NOTE: If the street address along
with the apartment number, suite
or RR number does not fit on the first
line of address, then enter the street
address on the second line of address
and the apartment number, suite or RR
number on the first line of address.
Second Line of Address
Enter the post office box, if appropriate,
of the individual or entity beneficiary
receiving the PA-41 Schedule RK-1. If
there is no post office box, leave the sec-
ond line of the address blank. Eliminate
all punctuation such as apostrophes,
commas, periods and hyphens.
For a foreign address, enter the city or
municipal designation. See the Foreign
Address Example.
For a Canadian address, enter the city
and postal delivery zone number. See
the Canada Address Example.
IMPORTANT: If the address has
only a post office box, enter on the
first line of address.
City, State and ZIP Code
Enter the appropriate information of the
individual or entity beneficiary receiving
the PA-41 Schedule RK-1 in each box.
Eliminate all punctuation such as apos-
trophes, commas, periods and hyphens.
Name of Entity Issuing RK-1
Enter the name of the estate or trust
issuing the PA-41 Schedule RK-1.
City, State and ZIP Code
Enter the appropriate information of the
estate or trust issuing the PA-41 Schedule
RK-1 in each box. Eliminate all punctu-
ation such as apostrophes, commas,
periods and hyphens.
FEIN
Enter the nine-digit FEIN of the estate or
trust issuing the PA-41 Schedule RK-1.
Revenue ID
This field is not applicable for estates
and trusts.
Amended Schedule
If the estate or trust is filing an amended
PA-41, Fiduciary Tax Return, and the
amount of income distributed to a resident
beneficiary changes, fill in the amended
schedule oval.
Final
If this is the final year of distributions to
the beneficiary from the estate or trust,
fill in the final oval.
Beneficiary’s Year-End
Distribution
Enter the beneficiary’s percentage of
year-end distributions from the estate
or trust for the ratio of the beneficiary’s
taxable distribution as reported on PA-41
Schedule RK-1, Line 6 to the total distri-
bution as reported on PA-41, Fiduciary
Income Tax Return, Line 8.
If a beneficiary who is an individual and
part-year resident or an entity benefici-
ary, calculate and enter the percentage
as if a resident taxpayer.
Owner
Fill in the oval that designates what type
of beneficiary received the PA-41 RK-1.
Fill in one oval only.
Entity
Fill in the estate or trust oval only.
Fiscal Year
If the estate or trust does not file on a
calendar-year basis, fill in the oval.
Enter month, day and year (MMDDYY)
when the fiscal year begins and ends.
Short Year
A short year is an accounting period
GENERAL INFORMATION
PART I
Valid values are: “00000” to
“10000”, where 10000 = 100%
Decimal point is implied after 3rd
character from the left
e.g. to indicate 33.33%, the value
should be “03333”
e.g. to indicate 25%, the values
should be “02500”
PA-41 RK-1
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shorter than one year (and not a 52-53
week taxable year).
A short-year return is required for the
following reasons:
Changes in the annual accounting
period. For example, the estate or
trust changes from a fiscal to a cal-
endar filer; or
An estate or trust is in existence
during only part of the tax year. For
example, the trust or estate is in its
initial or final year.
See “How to File a Short-Year Return” in
the PA-41, Fiduciary Income Tax Return
instructions.
SHAREHOLDER/PARTNER/
BENEFICIARY DISTRIBUTIVE
SHARE OF PENNSYLVANIA-
SOURCE INCOME (LOSS)
Do not enter any amounts on Lines 1
through 5 and Lines 7 through 20.
Do not report the income of
beneficiaries of estates and trusts
on any lines of PA-41 Schedule RK-1
except Line 6.
To calculate the beneficiary’s income
of/from estates or trusts (Line 6) for entry
on a PA-41 Schedule RK-1, use the
following formula:
A x B = Beneficiary Income Reported on
Schedule RK-1 Line 6
Where:
A = Total distributed or distributable
income which is the lesser of Line
3a or Line 14a of PA-41 Schedule
DD.
B = Beneficiary’s year-end distribution
percentage. The beneficiary’s
year-end distribution percentage
is obtained by taking the actual
cash or property distributions
made to the beneficiary and any
amounts credited or payable or
required to be currently distributed
to the beneficiary and dividing that
sum by the amount on Line 13a of
PA-41 Schedule DD.
CAUTION: When calculating ben-
eficiary’s year-end distribution
percentage, do not take into account:
Amounts properly paid out of corpus
as a gift or bequest of a specific
amount of money;
Amounts required to have been dis-
tributed in any prior taxable year; or
The market value of property distrib-
uted in kind as a gift or bequest of
the specific property.
Do not enter any amounts on Lines 7
through 20.
LINES 1 THROUGH 5
LINE 6
LINES 7 THROUGH 20
LINE INSTRUCTIONS
PART II
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