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2025›S Corporation Instructions for Schedules K-2 and K-3 (Form 1120-S)

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Instruction 1120-S (Schedule K-2 & K-3) — S Corporation Instructions for Schedules K-2 and K-3 (Form 1120-S), Shareholders' Pro Rata Share Items - International and Shareholder's Share of Income, Deductions, Credits, etc. - International · 2026-10-03 edition · updated 2026-10-04 · United States

Domestic filing exception. The domestic filing exception has been expanded to not require subsequent year filing unless specifically requested. See Domestic Filing Exception, later.

Small S corporation filing exception. S corporations with total receipts for the tax year of less than $250,000 and total assets at the end of the tax year of less than $250,000 are no longer required to file Schedules K-2 and K-3. See Small S Corporation Filing Exception , later.

Amended K-2. A check box indicator has been added on the Schedule K-2 if the S corporation is electronically filing an amended return for the Schedule K-2.

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▸Contents — Instruction 1120-S (Schedule K-2 & K-3) — S Corporation Instructions for Schedules K-2 and K-3 (Form 1120-S), Shareholders' Pro Rata Share Items - International and Shareholder's Share of Income, Deductions, Credits, etc. - International
Instruction 1120-S (Schedule K-2 & K-3) — S Corporation Instructions for Schedules K-2 and K-3 (Form 1120-S), Shareholders' Pro Rata Share Items - International and Shareholder's Share of Income, Deductions, Credits, etc. - International

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