IA 1041 K-1 - 2024 Iowa Nonresident Beneficiary Share

Sep 19, 2026

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2024 IA 1041 K-1, Page 2, is used to report an Iowa resident or nonresident beneficiary’s share of Iowa-source trust or estate income and required adjustments. It includes sections for Iowa modifications to income, beneficiary share of Iowa source distributable net income (interest, dividends, business income, capital gains, rents, farm income, and other items), and Iowa source amounts tied to modifications. Supplemental and composite information covers withholding passed through, allocated Iowa tax credits, and Iowa composite tax paid on the beneficiary’s behalf, using dollars-and-cents entries.

LanguageEnglish

CategoryForms

FormatPDF

Pages2

Reading Time1 min

AccessFree to download

Iowa Modifications to Income

Nonresident Beneficiary Share of Iowa Source

Distributable Net Income

Supplemental Information

Iowa Composite

􀁘 􀁘 Name Address Social Security Number (SSN) or FEIN Address 2 􀁘 City State ZIP 􀁘 􀁘 | | | | --- | --- | 􀁘 | | | | | | | --- | --- | --- | --- | --- | Resident Beneficiary Nonresident Beneficiary 􀁘 􀁘 Corporation Individual Partnership S-Corporation Trust/Estate Other Beneficiary Type (Mark all that apply): 􀁘 􀁘 􀁘 􀁘 􀁘 􀁘 Estate Grantor Trust Simple Trust Complex Trust Bankruptcy Estate Burial Trust Fund Entity Type 􀁘 (Mark all that apply): 􀁘 􀁘 􀁘 􀁘 􀁘 Beneficiary Percentage: 􀁘 % Part I: IOWA ADJUSTMENTS 1. Iowa Modifications to Income Enter Dollars and Cents 􀁘 1 00 ........................................................................................................... Part II: NONRESIDENTS BENEFICIARY SHARE OF IOWA SOURCE DISTRIBUTABLE NET INCOME: 1. Interest income ................................................................................................................................. 􀁘 1 00 2. 3. 􀁘 􀁘 2 3 Ordinary dividends ........................................................................................................................... Business income or (loss) ................................................................................................................ 63-009a (07/03/2024) 2024 IA 1041 K-1, Page 2 Enter Dollars and Cents 􀁘 􀁘 􀁘 􀁘 4 5 6 7 􀁘 8 4. Capital gain or (loss) ........................................................................................................................ 5. Rents, royalties, partnerships, other estates and trusts, etc. ........................................................... 6. Farm income or (loss) ...................................................................................................................... 7. Ordinary gain or (loss) ...................................................................................................................... 8. Other income. List type ............................................................... | 00 | | --- | | 00 | | 00 | | 00 | | 00 | 9. Iowa source amount to the Iowa modifications ................................................................................ 􀁘 9 00 􀁘 􀁘 1 2 Part III: SUPPLEMENTAL INFORMATION: 1. Iowa withholding passed through to the beneficiary......................................................................... 2. Iowa tax credits allocated to the beneficiary..................................................................................... Type of Iowa Credit Certificate number (if applicable) Current Year Amount | | | --- | | | | | | --- | | | | | 00 | | --- | --- | | | 00 | 􀁘 3 3. Other information. List type: .................................... 00 Part IV: IOWA COMPOSITE 1. Iowa Composite tax paid on behalf of the beneficiary 􀁘 1 00 ...................................................................... 63-009b (07/03/2024)

FAQs

What information is collected in Part I (Iowa Adjustments)?

Part I records Iowa modifications to income, with entries made in dollars and cents.

What is reported in Part II (Nonresidents Beneficiary Share of Iowa Source)?

Part II reports the beneficiary’s share of Iowa-source distributable net income, including interest income, dividends, business income, capital gain or loss, rents/royalties, farm income, ordinary gain or loss, and other income types.

How are Iowa withholding and tax credits handled in Part III (Supplemental Information)?

Part III lists Iowa withholding passed through to the beneficiary and Iowa tax credits allocated to the beneficiary, including the Iowa credit certificate number when applicable and the current year amount.

Sep 19, 2026

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