Pa schedule rk 1 2025

Show details

4.2 out of 5

26 votes

The PA Schedule RK-1 is a document used by the Pennsylvania Department of Revenue for reporting pass-through income, loss, and credits for resident shareholders, partners, or beneficiaries of estates and trusts. It outlines the necessary information required from beneficiaries regarding their share of income from estates or trusts, including details on ownership percentages and types of income. The schedule must be provided to each Pennsylvania resident beneficiary and is essential for accurate tax reporting. Additionally, it includes instructions for amending the schedule and specific guidelines for completing it.

Here's how it works

01. Edit your pa schedule rk1 online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send pa schedule rk 1 via email, link, or fax. You can also download it, export it or print it out.

How to edit Pa schedule rk 1 in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Working on paperwork with our comprehensive and user-friendly PDF editor is straightforward. Adhere to the instructions below to fill out Pa schedule rk 1 online easily and quickly:

Log in to your account. Sign up with your credentials or create a free account to try the product prior to upgrading the subscription.
Upload a form. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit Pa schedule rk 1. Effortlessly add and highlight text, insert images, checkmarks, and symbols, drop new fillable fields, and rearrange or remove pages from your document.
Get the Pa schedule rk 1 completed. Download your adjusted document, export it to the cloud, print it from the editor, or share it with other participants using a Shareable link or as an email attachment.

Make the most of DocHub, the most straightforward editor to rapidly handle your documentation online!

See more pa schedule rk 1 versions

We've got more versions of the pa schedule rk 1 form. Select the right pa schedule rk 1 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2022	4.5 Satisfied (20 Votes)
2020	4.8 Satisfied (68 Votes)
2019	4.1 Satisfied (34 Votes)
2018	4.2 Satisfied (26 Votes)
2017	4.2 Satisfied (89 Votes)
2016	4.4 Satisfied (53 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How to avoid PA inheritance tax?

Property owned jointly between husband and wife is exempt from inheritance tax, while property inherited from a spouse, or from a child aged 21 or younger by a parent, is taxed a rate of 0%. Inheritance tax returns are due nine calendar months after a persons death.

Is 1099-R code 1 taxable in PA?

If the distribution code shows as a 1 or 2 for an early withdrawal, then the amount will transfer to the PA-40 and be included in gross income on the state return.

What is a PA Schedule rk1?

Partnerships and S corporations use the PA Schedule RK-1 to report income and losses by class of income to each of its resident owners. A PA Schedule RK-1 is prepared for each individual partner, member or shareholder showing the share of income (losses) by class and other items required to be reported.

How to avoid PA underpayment penalty?

Underpayment of Employer Withholding Tax Include the amount of the underpayment on Line 2, Total PA Withholding Tax, of the quarterly withholding return. Important: To avoid the 5 percent per month underpayment penalty, the amendment must be made on the quarterly return for the period of the under remittance.

Who is eligible for PA tax forgiveness credit?

Retired persons and individuals that have low income and did not have PA tax withheld may have their PA tax liabilities forgiven. For example, a family of four (couple with two dependent children) can earn up to $34,250 and qualify for Tax Forgiveness.

pa 41 schedule rk 1

pa schedule rk-1 instructions pa schedule rk-1 instructions 2021 pa schedule h-corp pa schedule nw pa-65 instructions pa-40 instructions pa schedule nrk-1 2021 pa-41

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

Who gets a PA NRK 1?

A PA-20S/PA-65 Schedule NRK-1 must be completed for every nonresident owner that has an ownership interest in a partnership, S corporation, estate, trust and/or entity formed as a limited liability company classified as a partnership or S corporation for federal income tax purposes.

Pa schedule rk 1 2025

Here's how it works

How to edit Pa schedule rk 1 in PDF format online

See more pa schedule rk 1 versions

Complete this form in 5 minutes or less

Got questions?

How to avoid PA inheritance tax?

Is 1099-R code 1 taxable in PA?

What is a PA Schedule rk1?

How to avoid PA underpayment penalty?

Who is eligible for PA tax forgiveness credit?

Complete this form in 5 minutes or less

People also ask

Who gets a PA NRK 1?

pa nrk 1 instructions

Try more PDF tools