NC K-1 Supplemental Schedule: Owner or Beneficiary’s Share of North Carolina Additions and Deductions (2025)
North Carolina · North Carolina DOR · Used for tax years 2025
The 2025 NC K-1 Supplemental Schedule details an owner’s or beneficiary’s share of North Carolina additions to and deductions from income. It reports amounts from all sources and, if applicable, amounts attributable to North Carolina.
Who files this form
A pass-through entity, estate, or trust that reported North Carolina additions or deductions to an owner or beneficiary on an NC K-1 must provide that person with the information needed to prepare the appropriate North Carolina tax return.
The entity may use this supplemental schedule to provide that information. The form does not say that using this particular schedule is required.
What you'll need
Have the following information ready to complete the 2025 schedule:
- The owner or beneficiary’s name and Social Security number or federal employer identification number, as applicable.
- The entity’s legal name and federal employer identification number.
- The owner or beneficiary’s North Carolina additions and deductions reported on the NC K-1, with amounts from all sources and amounts attributable to North Carolina, as applicable.
- For the bonus depreciation and IRC Section 179 expense deductions, the applicable amounts for the schedule’s 2020 through 2024 entries.
The form refers you to the instructions for the appropriate North Carolina tax return for more information.
How to file
The schedule is used to provide information to the owner or beneficiary. The supplied text does not give a mailing address or e-file instructions.
To prepare the web-fill form:
- Save the PDF to your computer and use the latest version of Adobe Acrobat Reader.
- Enter the identifying information. Use capital letters for the entity’s legal name.
- Complete Column A with amounts from all sources and Column B with amounts attributable to North Carolina, if applicable, in Parts A and B.
- Add lines 1 through 15 for total additions on line 16. Add lines 17 through 22, 23f, 24f, and 25 through 40 for total deductions on line 41.
- Use the form’s print icon to ensure all required fields are completed.
The owner or beneficiary should include their share of each applicable North Carolina addition or deduction on their North Carolina income tax return.
Common mistakes
- Do not include the web-fill instructions page with the form.
- Do not handwrite information or use commas in amounts.
- Use a minus sign for negative amounts, not brackets.
- Do not print on both sides of the paper.
- Set page scaling to “none” and leave “Auto-Rotate and Center” unchecked.
- Do not mix form types.
- Submit original returns only, not photocopies.
Questions people ask
Is this supplemental schedule required?
The entity must provide the information needed to prepare the owner or beneficiary’s North Carolina return, but it may use this schedule to do so.
What is the difference between Columns A and B?
Column A shows amounts from all sources. Column B shows amounts attributable to North Carolina. Complete the columns as applicable for each owner or beneficiary.
How do I use the additions and deductions shown here?
Include your share of the applicable North Carolina additions and deductions on your North Carolina income tax return. The schedule directs you to that return’s instructions for more information.
Where are taxed pass-through entity amounts reported?
Taxed pass-through entity loss is listed in Part A on line 14. Taxed pass-through entity income is listed in Part B on line 38, with North Carolina-sourced income on line 38a and non-North Carolina-sourced income on line 38b.