84-131: Schedule K (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 84-131, Schedule K, is a 2025 schedule for partnerships, LLCs, LLPs, and S corporations. It lists partners’ or shareholders’ identifying information, state of residence, ownership percentage, Mississippi taxable income or loss, tax credits, and tax paid by an ele
Who files this form
The 2025 Mississippi Schedule K lists partnerships, LLCs and LLPs associated with Federal Form 1065, and S corporations associated with Federal Form 1120-S. It reports information about partners or shareholders.
The form does not state who is required to file it.
What you'll need
Have the information requested on the form ready:
- The entity’s name and FEIN.
- Each partner’s or shareholder’s name and FEIN or SSN.
- Each owner’s state of residence and composite status.
- Ownership percentages to the fourth decimal place.
- Mississippi taxable income or loss.
- Credit codes and credit amounts.
- Tax paid by an electing pass-through entity.
The form also provides a supplemental page for additional entries.
Common mistakes
Follow these reminders printed on the form:
- Report ownership percentages to the fourth decimal place.
- Check the composite box when applicable.
- Carry the supplemental-page totals to page 1, line 3.
Questions people ask
What goes in column C?
Column C contains Mississippi taxable income or loss in part a, the credit code in part b, and the credit amount in part c.
Where do I report tax paid by an electing pass-through entity?
Report it in column D. Line 5 totals the column D amounts from line 2 plus line 3.
How precise should ownership percentages be?
The form requests ownership percentages to the fourth decimal place.
What if I need more space for partners or shareholders?
Page 2 is a supplemental page with additional entry spaces. Its subtotal instruction directs you to enter the totals on page 1, line 3.