Form N 20 – Fill Out and Use This PDF

Partner’s Social Security No. or Federal Employer I.D. No. 

Partnership’s Federal Employer Identification No. 

Partner’s name, address, and Postal/ZIP Code

Partnership’s name, address, and Postal/ZIP Code

A

This partner is a  general partner  limited partner

D Partner’s share of liabilities:

 LLC member-manager  other LLC member

Nonrecourse

$

.............................Qualified nonrecourse financing

$

B

What type of entity is this partner? 

Other

$

FEIN __________ __________ Name __________ __________

E

Check here if this partnership is a publicly traded partnership

(i) Before

as defined in IRC section 469(k)(2)



change

(ii) End of

C Enter partner’s percentage of:

or termination

year

F

Check applicable boxes:

(1)  Final K-1 (2)  Amended K-1

Profit sharing

__________%

__%

Loss sharing

__________%

__%

Ownership of capital

__________%

__%

G Reconciliation of partner’s capital account:

(c) Income included in

(d) Deductions included

(f) Capital account

(a) Capital account at

(b) Capital contributed

column (c) below, plus

in col. (c) below, plus

(e) Withdrawals and

at end of year (combine

beginning of year

during year

nontaxable income

unallowable deductions

distributions

columns (a) through (e))

(

)

(

)

CAUTION: Refer to Partner’s Instructions for Schedule K-1 (Form N-20) before entering information from this schedule on your tax return.

(a) Distributive share items

(b) Attributable to

(c) Attributable

(d) Form N-11 & N-15 filers

Hawaii

Everywhere

enter the amount in column (b)

and /or column (c) on:

1

Ordinary income (loss) from trade or business activities

}

See Partner’s Instructions for

2

Net income (loss) from rental real estate activities

Schedule K-1

3

Net income (loss) from other rental activities

(Form N-20)

(Loss)

4

..................................................................Guaranteed payments to partner

5

Interest

Interest Worksheet

}

See Partner’s Instructions for

Income

6

Ordinary Dividends

7

Royalties

Schedule K-1 (Form N-20).

8

Net short-term capital gain (loss)

Capital Gain/Loss Worksheet

9

...................................................................Net long-term capital gain (loss)

Capital Gain/Loss Worksheet

10

................................Net IRC section 1231 gain (loss) (attach Schedule D-1)

See Partner’s Instr. for Sch. K-1 (Form N-20).

11

..........................................................Other income (loss) (attach schedule)

Enter on applicable line of your return.

Deductions

12

Charitable contributions (attach schedule)

}

See Partner’s Instructions

13

Expense deduction for recovery property (IRC section 179) (attach schedule)

for Schedule K-1 (Form N-20).

14

.............................Deductions related to portfolio income (attach schedule)

15

..............................................................Other deductions (attach schedule)

Enter on applicable line of your return.

16

Total cost of qualifying property for the Capital Goods Excise Tax Credit

Form N-312

17

........................................................Fuel Tax Credit for Commercial Fishers

Form N-163

Credits

18

Amounts needed to claim the Enterprise Zone Tax Credit

See attached Form N-756A

Form N-756

19

Hawaii Low-Income Housing Tax Credit

.......................................................

Form N-586

20

Credit for Employment of Vocational Rehabilitation Referrals

Form N-884

21

Total qualified production costs for the Motion Picture, Digital Media, and

Film Production Income Tax Credit

Form N-340

N20SCHK1_I 2020A 01 VID01

ID NO 01

SCHEDULE K-1 FORM N-20

Schedule K-1 (Form N-20) (REV. 2020)

Page 2