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Partnership- FAQ - SC Department of Revenue

Partnership- FAQ - SC Department of Revenue 2026

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The document is a Composite Return Affidavit (I-338) from the South Carolina Department of Revenue, intended for nonresident partners, shareholders, or members of Partnerships, S Corporations, or LLCs. It certifies that the individual has no other taxable income in South Carolina apart from that received from the entity named. The affidavit outlines the process for filing a composite return on behalf of multiple nonresident participants and details methods for determining tax due. It emphasizes the importance of accurate information under penalty of perjury and includes privacy disclosures regarding Social Security numbers.

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Click ‘Get Form’ to open the Partnership- FAQ - SC Department of Revenue in the editor.
Begin by entering your name and address in the designated fields. Ensure accuracy as this information is crucial for identification.
Provide your Social Security Number (SSN) or Federal Identification Number (FEIN) in the appropriate section.
Indicate the type of income applicable to this affidavit by selecting from the options provided, such as income from a Partnership or S Corporation.
Fill in the entity's name and address, including city, state, and ZIP code. This identifies the source of your income.
Confirm that you have no other taxable income from South Carolina apart from what is stated above.
Specify the tax year for which this affidavit applies, ensuring it aligns with your financial records.
Finally, sign and date the form at the bottom to validate your submission before submitting it to your entity.

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Versions	Form popularity	Fillable & printable
2023	4.6 Satisfied (49 Votes)
2019	4.8 Satisfied (128 Votes)
2010	4.4 Satisfied (177 Votes)

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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.

Is South Carolina an automatic extension?

Your payment on MyDORWAY automatically submits your filing extension request. No additional form or paperwork is required. OR Mailing a completed SC4868 with your payment for any balance due to the SCDOR on or before the due date.

Does federal extension apply to state?

Most states allow you an extension to file your state return without needing to file anything other than the federal extension. Check your state to see what they require.

Where do you report partnership income?

The partnership files a copy of Schedule K-1 (Form 1065) with the IRS to report your share of the partnerships income, deductions, credits, etc.

Is the tax deadline extended in South Carolina?

Taxpayers now have until May 1, 2025, to file various individual and business tax returns and make tax payments. The IRS is offering the relief to those in areas designated by the Federal Emergency Management Agency, currently including Taxpayers residing or having a business in South Carolina.

Does SC accept federal partnership extension?

Partnership - The due date can be extended by filing an SC8736 Request for Extension of Time to File South Carolina Return for Fiduciary and Partnership. The SCDOR will also accept a federal Form 7004 marked for South Carolina purposes.

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What is the partnership withholding rate in South Carolina?

Partnership Income Tax Taxable income (loss) of a partnership flows through and is taxable to the partners in the same manner as for federal partnership income. South Carolina income taxable to nonresident partners is subject to withholding by the partnership at a 5% rate.

What are the tax rules for partnerships?

A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax. Instead, it passes through profits or losses to its partners.

Does South Carolina follow the federal extension for partnerships?

* South Carolina grants your business an automatic 6-month extension provided you have obtained an approved IRS extension. * Be sure to attach a copy of the federal extension to the return when your South Carolina return is filed. * The extension is NOT an extension to pay any taxes you may have due.

Partnership- FAQ - SC Department of Revenue 2026

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