81-131: Fiduciary Beneficiaries Shares of Income (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 81-131, Fiduciary Schedule K, reports beneficiaries’ shares of estate or trust income for 2025. It lists each beneficiary’s identifying information, state of residence, ownership percentage, income taxable to Mississippi, and non-Mississippi income for nonresiden
Who files this form
Mississippi Form 81-131 is the 2025 Fiduciary Schedule K for reporting beneficiaries’ shares of income from an estate or trust.
Each beneficiary must report the amount taxable to them as Mississippi income:
- Resident beneficiaries must use Mississippi Resident Individual Income Tax Form 80-105.
- Nonresident beneficiaries must report their distributive share on Mississippi Nonresident or Part-year Individual Income Tax Form 80-205.
A Mississippi Fiduciary Schedule K-1, Form 81-132, should be prepared for each beneficiary.
What you'll need
Have the following information ready:
- The fiduciary’s name, address and FEIN.
- Each beneficiary’s name, address, SSN or FEIN, and state of residence.
- Each beneficiary’s ownership percentage.
- Income taxable to Mississippi for resident and nonresident beneficiaries.
- Non-Mississippi income for nonresident beneficiaries only.
- Totals from any supplemental pages.
Prepare Form 81-132, Mississippi Fiduciary Schedule K-1, for each beneficiary. Copies of all Mississippi Schedule K-1s should be attached to the fiduciary return.
Common mistakes
- Do not use duplex printing or photocopies. The form states that these are not acceptable.
- Enter ownership percentages in the printed format. For example, enter 25% as 25.00.
- Use the Non-Mississippi Income column only for nonresident beneficiaries.
- Do not overlook the reminder to prepare a Mississippi Schedule K-1 for each beneficiary and attach copies of all Mississippi Schedule K-1s to the fiduciary return.
Questions people ask
Does each beneficiary need a separate Schedule K-1?
Yes. The form says a Mississippi Fiduciary Schedule K-1, Form 81-132, should be prepared for each beneficiary.
Which income tax form does a beneficiary use?
Resident beneficiaries must report the income on Form 80-105. Nonresident beneficiaries must report their distributive share on Form 80-205.
Where do I list non-Mississippi income?
Column D is for non-Mississippi income of nonresident beneficiaries only. Column C is for income taxable to Mississippi for both resident and nonresident beneficiaries.
How is the total amount allocated to beneficiaries shown?
The form identifies the amount allocated to beneficiaries as the total of columns C and D.
How do I include supplemental-page totals?
Each supplemental page has a line for its total amounts. Page 1 has separate lines for supplemental-page totals, page 1 totals and grand totals for columns B, C and D.