Form Preview Example

	Schedule VK-1	Virginia Modiications And Credits VA0VK1109888
	2009 Virginia	Owner’s Share of Income And
	(Form 502)
	Check If -
	Final	Check Here if Owner is Participating in an Individual Uniied Nonresident Return W
	Amended Return W
	Amended Return W

Owner Information

Name	Federal Employer ID Number or SSN

Pass-Through Entity (PTE) Information

Name	Federal Employer ID Number

Address

Tax Year End Date

Address

City or Town, State And ZIP Code

Additional Owner Information

a.	Date Owner Acquired Interest In The Pass-Through Entity (MM/DD/YYYY)				/	/	W
b.	.........................................................................................................Owner’s Entity Type (Enter code; see instructions)						W
c.	..............................................................................................Owner’s Participation Type (Enter code; see instructions)						W
d.	Owner’s Participation Percentage (Example: 47.35% - see instructions.)					% W
e.	..............................................................................................................................Amount Withheld by PTE for Owner						W
f.	.............................................If Owner or Entity is exempt from withholding enter exemption code (see instructions)						W
Distributive or Pro Rata Income and Deductions
See instructions.
1.	Total of Taxable Income Amounts				. 1.	.00 W
2.	Total of Deductions				. 2.	.00	W
3.	Tax-exempt Interest Income				. 3.	.00 W
Allocation and Apportionment
4.	Income Allocated To Virginia (Owner’s Share From PTE’s Schedule 502A, Part A, Line 2)				. 4.	.00 W

5.	Income Allocated Outside Of Virginia (Owner’s Share From PTE’s Schedule 502A, Part A, Line 3e)				. 5.	.00 W

6.	Apportionable Income (Owner’s Share From PTE’s Schedule 502A, Part A, Line 4)				. 6.	.00 W

7.	Virginia Apportionment Percentage (From PTE’s Schedule 502A, Part B or Part C or 100%)				. 7.	% W
Virginia Additions - Owner’s Share
8.	Fixed-date Conformity - Depreciation				. 8.	.00
9.	Fixed-date Conformity - Other				. 9.	.00
10.	Net Income Tax Or Other Tax Used As A Deduction In Determining Taxable Income (See Instructions)				10.	.00
11.	Interest On Municipal Or State Obligations Other Than From Virginia				11.	.00
12.	Other additions	(see instructions for addition codes)
	Code	Amount	Code	Amount

12A

12C

.00 12B

.00 12D

.00

13. Total additions (add lines 8-11 and 12a-12d)	13.	.00 W

Virginia Subtractions - Owner’s Share

14.

15.

16.

17.

17a

17c

Fixed-date Conformity - Depreciation	14.	.00
Fixed-date Conformity - Other	15.	.00
Income From Obligations Of The United States	16.	.00

Other subtractions (see instructions for subtraction codes)
	Code	Amount		Code	Amount
		.00	17b		.00
			17b

		.00	17d		.00
			17d

18. Total Subtractions (Add lines 14-16 and 17a-17d)	18.	.00 W

Va. Dept. Of Taxation 2601024 VK-1 (Rev 10/09)

2009 Virginia			VA0VK1209888
Page 2
Schedule VK-1
Owner Federal Employer ID Number or SSN
PTE Federal Employer ID Number
SECTION C - Virginia Tax Credits

Nonrefundable Credits

1.	State Income Tax Paid (See instructions)	. . . . . . . . . . . . . . . . . . . . . . . . .		. . . 1	.00
2.	Neighborhood Assistance Act Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 2	.00
3.	Enterprise Zone Act General Tax Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 3	.00
4.	Enterprise Zone Act Zone Investment Tax Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 4	.00
5.	Reserved for future use	. . . .	. . . . . . . . . . . . . . . . . . .	. . 5	.00
6.	Conservation Tillage Equipment Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 6	.00
7.	Bio-Diesel Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 7	.00
8.	Fertilizer & Pesticide Application Equipment Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 8	.00
9.	Recyclable Materials Processing Equipment Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 9	.00
10.	Rent Reduction Program Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.				.00
11.	Vehicle Emissions Testing Equipment Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 11	.00
12.	Major Business Facility Job Tax Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 12	.00
13.	Clean Fuel Vehicle Job Creation Tax Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 13	.00
14.	Day-care Facility Investment Tax Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 14	.00
15.	Low-income Housing Tax Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 15	.00
16.	Agricultural Best Management Practices Tax Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 16	.00
17.	Worker Retraining Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 17	.00
18.	Waste Motor Oil Burning Equipment Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 18	.00
19.	Riparian Forest Buffer Protection For Waterways	. . . .	. . . . . . . . . . . . . . . . . . .	. . 19	.00
	. . . . .20. Virginia Coal And Production Incentive Tax Credit	.20.		.00
	21. Enter the amount of credit assigned to another party	.21.		.00

22.	Virginia Coal and Production Incentive Tax Credit available for use by owner (Subtract line 21 from line 20) . . . 22.				.00
23.	Historic Rehabilitation Tax Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 23	.00
24.	Land Preservation Tax Credit	. . . .	. . . . . . . . . . . . . . . . . . .	. . 24	.00
25.	. . . . .Qualiied Equity & Subordinated Debt Investments Tax Credit . .	. . . .	. . . . . . . . . . . . . . . . . . .	. . 25	.00
26.	Total Nonrefundable credits (Total lines 1-19 and 22-25)	. . . .	. . . . . . . . . . . . . . . . . . .	. . 26		.00 W
Refundable Credits
27.	100% Coalield Employment Enhancement and/or Virginia Coal Employment and Production Incentive Tax
	Credits from Line 1 of your 2009 Schedule 306B	. . . . . . . . . . . . . . . . . . . . . . . . . .		. . . 27		.00
28.	Full credit: Enter amount from 2009 Form 306, Line 12a	. . . .	. . . . . . . . . . . . . . . . . . .	. . 28		.00
29.	Full credit: Enter amount from your 2009 Form 306, line 12b	. . . .	. . . . . . . . . . . . . . . . . . .	. . 29		.00
30.	85% Credit: Enter amount from 2009 Form 306, line 13a	. . . .	. . . . . . . . . . . . . . . . . . .	. . 30		.00
31.	90% Credit: Enter amount from your 2009 Form 306, line 13b	. . . .	. . . . . . . . . . . . . . . . . . .	. . 31	.00
32.	Total Coal Related Tax Credits allowable this year: Add Lines 28,
	29, 30 and 31	. . . .	. . . . . . . . . . . . . . . . . . .	. . 32	.00
33.	2009 Coalield Employment Enhancement Tax Credit earned to be used when completing your 2012 return.
	Enter amount from your 2009 Form 306, Line 11	. . . .	. . . . . . . . . . . . . . . . . . .	. . 33	.00

Notice

You have received this Schedule VK-1 because the above named Pass-Through Entity (PTE) earned income from Virginia sources and has

passed through to you a portion of that Virginia source income based on your ownership of the PTE. A copy of this schedule has been iled with the Virginia Department of Taxation. Everyone who receives Virginia source income is subject to taxation by Virginia regardless of state of residency or domicile. You may be required to ile a Virginia tax return even though you may be a nonresident individual or a business domiciled outside of Virginia. To determine if you are required to ile a Virginia income tax return, consult your

tax professional. Information and forms may be obtained at www.tax.virginia.gov, or call the Virginia Department of Taxation at 804-367-8031 (individuals) or 804-367-8037 (businesses).

Question	Answer
Form Name	Form 502 Schedule Vk 1
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	schedule vk 1 instructions 2020, Subtractions, vk 1, 502A

Form 502 Schedule Vk 1 – Fill Out and Use This PDF

Form 502 Schedule Vk 1 PDF Details

Form Preview Example

Form 502 Schedule Vk 1 isn’t the one you’re looking for?

Form 502 Schedule Vk 1 – Fill Out and Use This PDF

Form 502 Schedule Vk 1 PDF Details

Form Preview Example

Form 502 Schedule Vk 1 isn’t the one you’re looking for?

Related Documents