81-132: Fiduciary Schedule K-1 (2025)

What you'll need

Have the following information available to complete the schedule:

• The estate’s or trust’s name and FEIN.
• The fiduciary’s name and full address.
• The beneficiary’s name, full address, and SSN or FEIN.
• The tax year’s beginning and ending dates.
• The beneficiary’s percentage of interest in the entity and estimated tax payments and/or amount paid with an extension.
• The beneficiary’s share of income, deductions, and credits.

For Mississippi tax credits in Part IV, the form directs you to use the credit codes and names from Form 80-401.

Questions people ask

What does the 2025 Mississippi Fiduciary Schedule K-1 report?

It reports information about the estate or trust and the beneficiary, along with the beneficiary’s share of current-year income, deductions, credits, and other items.

Does the form identify the beneficiary’s residency status?

Yes. It includes options for resident and non-resident beneficiaries, as well as domestic and foreign beneficiaries.

Are the income and loss amounts Mississippi amounts?

Yes. The form’s note states that the amounts shown reflect Mississippi income or loss and related expenses. It also states that Mississippi law conforms to the Internal Revenue Code for passive activity and rental real estate activity limitations.

Where are tax credits entered?

Part IV has fields for Mississippi tax credit amounts, names, and codes, using the names and codes from Form 80-401. Part V asks for the amount of electing pass-through entity credit being passed to the beneficiary on the beneficiary’s share of income.

Can the schedule be marked final or amended?

Yes. The form includes both “Final K-1” and “Amended K-1” options.

Official sources

• https://www.dor.ms.gov/forms