NC K-1 (CD-401S): Shareholder's Share of North Carolina Income, Adjustments, and Credits (2025)

Who files this form

NC K-1 (CD-401S) reports a shareholder’s share of an S corporation’s North Carolina income, adjustments, and credits for tax year 2025.

The form includes items for all shareholders, items for nonresidents only, and items for Taxed S Corporations only. The supplied text does not state who is required to file it.

What you'll need

Have the following information available to complete the form:

• The corporation’s employer identification number, name, address, and ZIP code.
• Whether the corporation is a Taxed S Corporation.
• The shareholder’s identifying number, name, address, ZIP code, and percentage of stock ownership for the tax year.
• The tax year’s beginning and ending dates if reporting a year other than calendar year 2025.
• Form CD-401S, Schedule K. NC K-1 draws amounts from lines 5, 6, 7, and 9 through 15, as applicable.

For individuals filing Form D-400, the form also refers to the D-400 instructions, Schedule S, Form D-400TC, and Schedule PN-1 for applicable items.

Common mistakes

• Do not include the page labeled “Instructions for Handwritten Forms.”
• Use blue or black ink, not red ink.
• Do not use dollar signs, commas, or other punctuation marks.
• When printing, set page scaling to “none” and leave “Auto-Rotate and Center” unchecked.
• Do not print on both sides of the paper.
• Submit originals, not photocopies of returns.
• Do not mix form types.
• Attach additional NC K-1s if needed.

Questions people ask

Where do the amounts on NC K-1 come from?

The form identifies the source for each amount as a line on Form CD-401S, Schedule K.

Where do individuals report additions and deductions?

The form directs individuals filing Form D-400 to report line 2 additions on D-400 Schedule S, Part A, and line 3 deductions on Schedule S, Part B.

Where is the shareholder’s share of tax credits reported?

Line 4 points to Form D-400TC and tells individuals to see the Form D-400 instructions.

Which items are labeled for nonresidents only?

Lines 6 through 8 cover the nonresident’s share of income or loss attributable to North Carolina, separately stated income items, and net tax paid by the S corporation.

Which items are for Taxed S Corporations only?

Lines 9 and 10 report the shareholder’s share of loss and income attributable to North Carolina. These amounts come from Form CD-401S, Schedule K, lines 14 and 15.

Official sources

• https://www.ncdor.gov/tax-forms/2025-nc-k-1-cd-401s-shareholders-share-income-adjustments-and-credits/open