1120N Sch III-IV: Corporation Schedules III and IV (2025)
Nebraska · Nebraska DOR · Used for tax years 2025
Nebraska Form 1120N Schedules III and IV report subsidiary or affiliated corporation information and convert net income to combined net income. Schedule III lists corporations, identification numbers, tax payments, and Nebraska sales or receipts. Schedule IV combines income and d
Who files this form
Schedule III lists the corporation filing the return, its parent corporation if different, and subsidiary or affiliated corporations.
- Complete columns (A), (B), and (C) if tax payments were made under more than one Nebraska ID number.
- Complete column (D) to summarize Nebraska sales or receipts for corporations filing one combined corporation income tax return.
Schedule IV converts net income to combined net income. If you use it, attach it to Form 1120N. The form does not state who must use Schedule IV.
What you'll need
Have the following information ready for Schedule III:
- Names, addresses, Nebraska ID numbers, and federal ID numbers for the listed corporations.
- If payments were made under more than one Nebraska ID number, income tax deposits from Form 7004N, estimated income tax payments from Form 1120N-ES, and amounts paid with the return.
- Nebraska sales or receipts for corporations filing one combined return.
For Schedule IV, have the name and Nebraska ID number from Form 1120N, each corporation’s FEIN, and the income and deduction amounts requested on the schedule. Attach an explanation of eliminations and schedules for other deductions reported on line 26.
How to file
If you use Schedule IV, read the instructions and attach the schedule to Form 1120N.
Enter each corporation’s FEIN as a column heading. Use the subtotal, eliminations, and combined income columns, and attach an explanation of eliminations. Enter the combined taxable income from Schedule IV, line 30, on Form 1120N, line 2.
The supplied form text does not give a mailing address or e-filing directions.
Common mistakes
Follow these reminders printed on the form:
- Do not leave Schedule III columns (A), (B), and (C) incomplete if tax payments were made under more than one Nebraska ID number.
- Complete Schedule III column (D) to summarize Nebraska sales or receipts for corporations filing one combined return.
- If using Schedule IV, read the instructions and attach it to Form 1120N.
- Attach an explanation for eliminations and schedules for other deductions on line 26.
- Transfer Schedule IV, line 30, from the “Combined Income” column to Form 1120N, line 2.
Questions people ask
When do I complete the tax payment columns on Schedule III?
Complete columns (A), (B), and (C) if tax payments were made under more than one Nebraska ID number.
What goes in Schedule III, column (D)?
Enter Nebraska sales or receipts to summarize the numerator for corporations filing one combined corporation income tax return.
How do I identify each corporation on Schedule IV?
Enter the corporations’ FEINs as column headings.
Where does the final combined taxable income go?
Enter the amount from Schedule IV, line 30, in the “Combined Income” column on Form 1120N, line 2.