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2025›Shareholder’s Instructions for Schedule K-1 (Form 1120-S)›Specific Instructions

Part III. Shareholder’s Share of Current Year Income, Deductions, Credits, and Other Items

Instruction 1120-S (Schedule K-1) — Shareholder's Instructions for Schedule K-1 (Form 1120-S), Shareholder's Share of Income, Deductions, Credits, etc. · 2026-10-03 edition · updated 2026-10-04 · United States

The amounts shown in boxes 1 through 17 reflect your share of income, loss, deductions, credits, and other items from corporate business or rental activities without reference to limitations on losses, credits, or other items that may have to be adjusted because of:

Codes. In boxes 10, 12, 13, and 15 through 17, the corporation will identify each item by entering a code in the column to the left of the dollar amount entry space. See List of Codes , later.

Attached statements. The corporation will enter an asterisk (*) after the code, if any, in the column to the left of the dollar amount entry space for each item for which it has attached a statement providing additional information. For those informational items that can’t be reported as a single dollar amount, the corporation will enter an asterisk in the left column and enter “STMT” in the dollar amount entry space to indicate the information is provided on an attached statement.

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▸Contents — Instruction 1120-S (Schedule K-1) — Shareholder's Instructions for Schedule K-1 (Form 1120-S), Shareholder's Share of Income, Deductions, Credits, etc.
Instruction 1120-S (Schedule K-1) — Shareholder's Instructions for Schedule K-1 (Form 1120-S), Shareholder's Share of Income, Deductions, Credits, etc.

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