63-009: IA 1041 Schedule K-1 63-009 (2025)
Iowa · Iowa DOR · Used for tax years 2025
The 2025 Iowa IA 1041 Schedule K-1 reports a beneficiary’s share of an estate or trust’s income, deductions, credits, and other information. It includes Iowa income adjustments, nonresident beneficiaries’ shares of Iowa-source income, withholding and credits allocated to benefici
Who files this form
The 2025 IA 1041 Schedule K-1 reports a beneficiary’s share of an estate or trust’s income, deductions, credits, and other information. It includes fields for resident and nonresident beneficiaries.
The form does not state who is required to file it.
What you'll need
The form asks for the following information, but does not list required supporting documents:
- Estate or trust name, entity type, and federal employer identification number (FEIN).
- Beneficiary name, address, Social Security number (SSN) or FEIN, beneficiary type, residency status, and beneficiary percentage.
- Iowa modifications to income and, for nonresident beneficiaries, their share of Iowa-source distributable net income.
- Iowa withholding passed through, allocated Iowa tax credits, and Iowa composite tax paid on the beneficiary’s behalf.
- Credit type, certificate number if applicable, and current-year credit amount.
- Retirement income included, if applicable.
Common mistakes
- Enter amounts in dollars and cents, as directed on the form.
- Mark all applicable beneficiary-type and entity-type boxes.
- Complete the fiscal or short-year date fields only if filing for a fiscal or short year.
Questions people ask
What does the 2025 IA 1041 Schedule K-1 report?
It reports a beneficiary’s share of income, deductions, credits, and other information from an estate or trust.
Where is a nonresident beneficiary’s Iowa-source income reported?
Part II is for the nonresident beneficiary’s share of Iowa-source distributable net income. It includes lines for interest, ordinary dividends, business income or loss, capital gain or loss, and other income categories.
Where are Iowa withholding and tax credits reported?
Part III includes Iowa withholding passed through to the beneficiary and Iowa tax credits allocated to the beneficiary. The credit fields ask for the credit type, certificate number if applicable, and current-year amount.
Where is Iowa composite tax reported?
Part IV includes Iowa composite tax paid on behalf of the beneficiary.
Can the form be marked as final or amended?
Yes. The form has separate boxes for “Final K-1” and “Amended K-1.”