SCHEDULE K-1 - (Form PTE) - Owner’s Share of Income, Credits, Deductions, Etc. 2023

Sep 19, 2026

Schedule K-1 (Form PTE) for the Commonwealth of Kentucky (Department of Revenue) reports an owner’s share of income, credits, deductions, and related items for the 2023 tax year. It collects owner and pass-through entity identification details, entity type, and residency/nonresident reporting checks. The form itemizes pro rata share income and deductions, investment interest, nonrefundable tax credits, and—when applicable—refundable credits and additional sections such as LLET pass-through items and apportionment.

LanguageEnglish

CategoryForms

FormatPDF

Pages6

Reading Time2 min

AccessFree to download

Owner and Entity Identification

Pro Rata Share Items

Investment Interest

Tax Credits (Nonrefundable and Refundable)

LLET Pass-through Items (Required)

Apportionment Pass-through Items

SCHEDULE K-1 (Form PTE) Commonwealth of Kentucky Department of Revenue OWNER’S SHARE OF INCOME, CREDITS, DEDUCTIONS, ETC. 2023 | Owner’s identifying number | Pass-through Entity’s FEIN
– | | Kentucky Corporation/LLET Account Number | | --- | --- | --- | --- | | Owner’s name, address, and ZIP code | | Pass-through entity’s name, address, and ZIP code
Check if applicable: 􀂅 Qualified investment pass-through entity | | Type of Pass-through Entity Issuing the K-1 􀂅 Partnership 􀂅 S-corporation 􀂅 General Partnership | A (1) Partnerships Only: Partner’s share of liabilities Enter partner’s (i) Before change
percentage of: or termination
Nonrecourse .......................................$ Profit Sharing.................. % Qualified nonrecourse financing ......... $ Loss Sharing................... % Other...................................................$ Ownership of capital ....... %
(2) S-corporations Only: Owner’s percentage of stock ownership for tax year B (1) Resident owner's taxable percentage of pro rata share items B(1)
(2) Nonresident owner’s taxable percentage of pro rata share items
(see Schedule A instructions) B(2) C What type of entity is this owner?
􀂅 Individual 􀂅 Estate 􀂅 Trust 􀂅 Single Member LLC 􀂅 General Partnership 􀂅 Corporation
􀂅 S Corporation 􀂅 Other Pass-through Entity 􀂅 ESOP 􀂅 Tax Exempt D Check the box if nonresident owner’s income is reported on:
􀂅 Kentucky Nonresident Income Tax Withholding on Distributive Share Income Report
(Form 740NP-WH and Form PTE-WH)
E Check the box if applicable: (1) 􀂅 Final K-1 (2) 􀂅 Amended K-1 | | | (ii) End of Year
%
%
%
%
.
100%
%
. | | --- | --- | --- | --- | | IMPORTANT: Refer to Owner’s Instructions for Schedule K-1 before entering information from Schedule K-1 on your tax return. | | | | | SECTION A | Pro Rata Share Items | Total Amount | | Income (Loss) and Deductions 1 Kentucky ordinary income (loss) from trade or business activities 2 Net income (loss) from rental real estate activities 3 Net income (loss) from other rental activities 4 Portfolio income (loss): (a) Interest income (b) Dividend income (c) Royalty income (d) Net short-term capital gain (loss) (e) Net long-term capital gain (loss) (f) Other portfolio income (loss) (attach schedule) 􀁦1 􀁦2 􀁦3 􀁦4(a) 􀁦4(b) 􀁦4(c) 􀁦4(d) 􀁦4(e) 􀁦4(f) | | 0 0 | | --- | --- | | | 0 0 | | --- | --- | | | 0 0 | | --- | --- | | | 0 0 | | --- | --- | | | 0 0 | | --- | --- | | | 0 0 | | --- | --- | | | 0 0 | | --- | --- | | | 0 0 | | --- | --- | | | 0 0 | | --- | --- | 230392 41APTE(K-1)(10-23) Page 1 of 6 | | SCHEDULE K-1
(FORM PTE)
(2023) | |
Page 2 of 6 | | --- | --- | --- | --- | Income (Loss) and Deductions, continued 5 Partnerships only: Guaranteed payments to partners 6 IRC §1231 net gain (loss)(other than due to casualty or theft) 7 Other income (loss) (attach schedule) 8 Charitable contributions (attach schedule) 9 IRC §179 expense deduction (attach federal Form 4562 and Kentucky Form 4562) 10 Deductions related to portfolio income (loss) (attach schedule) 11 Other deductions (attach schedule) 􀁦5 􀁦6 􀁦 7 0 0 􀁦8 􀁦9 􀁦10 􀁦11 0 0 Investment Interest 12 (a) Interest expense on investment debts (b) (1) Investment income included on lines 4(a), 4(b), 4(c), and 4(f) (b) (2) Investment expenses included on line 10 􀁦12(a) 􀁦b(1) | | 0 0 | | --- | --- | 􀁦b(2) | | 0 0 | | --- | --- | Tax Credits—Nonrefundable (see instructions) 13 Enter the applicable tax credit (a) 􀃇 (b) 􀃇 (c) 􀃇 􀁦13(a) 􀁦13(b) 0 0 􀁦13(c) General Partnerships Only—Tax Credits—Refundable 14 Certified rehabilitation tax credit (attach certification(s)) 15 Kentucky Entertainment Incentive tax credit (attach certification(s)) 16 Decontamination tax credit (attach certification(s)) 􀁦14 􀁦15

FAQs

What does Schedule K-1 (Form PTE) report for an owner in Kentucky?

It reports the owner’s share of income (loss), credits, deductions, and related pass-through items for the 2023 tax year.

How does the form identify the owner and the pass-through entity?

It includes the owner’s identifying number and name/address details, plus the pass-through entity’s FEIN and the Kentucky Corporation/LLET account number.

Which sections describe pro rata share items and additional items for specific calculations?

Section A covers pro rata share items, Section B covers LLET pass-through items (required), and Section C covers apportionment pass-through items; later sections include additional continued information.

Sep 19, 2026

Upload by Chloe Bennett