84-132: Schedule K-1 (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Schedule K-1 (Form 84-132) reports a partner's or shareholder's share of a partnership's or S corporation's income, deductions, and Mississippi tax credits for 2025. It also includes ownership information and amounts paid for the partner as estimated tax or electing p
What you'll need
The 2025 schedule asks for the following information. It does not list required attachments.
- The entity’s FEIN, name, address and tax year beginning and ending dates.
- The partner’s or shareholder’s name, address, and SSN or FEIN. For a partner that is a disregarded entity, its name and TIN.
- The partner’s profit, loss and capital percentages and Mississippi capital account details, or the shareholder’s percentage of stock ownership, as applicable.
- The Mississippi apportionment ratio for the tax year.
- The partner’s or shareholder’s share of current-year income, losses and deductions.
- Mississippi tax credit names, codes and the partner’s share of credits from Form 84-401.
- Applicable payment information for estimated tax remitted on Form 84-387 and tax paid by an electing pass-through entity.
Questions people ask
What does the 2025 Mississippi Schedule K-1 report?
It reports information about the entity and the partner or shareholder, along with the partner’s or shareholder’s share of current-year income and deductions. It also has sections for Mississippi tax credits and pass-through entity tax paid.
Where do I get the credit amounts for Part IV?
The form says to enter the partner’s share of credits from Form 84-401. Part IV has spaces for the credit name, credit code and amount.
When should the box in item G be checked?
Check it if 5% of the net gain or profit was remitted as an estimated tax payment for the partner on Form 84-387. The form also asks for the amount remitted.
What goes in Part V?
If the election was made to be taxed as an electing pass-through entity, enter the tax paid by that entity on the partner’s share of income.
Can the schedule be marked as final or amended?
Yes. The form includes separate boxes for “Final K-1” and “Amended K-1.”