Schedule K-1 (Form 60): Schedule K-1 (Form 60) - Shareholder's Share of North Dakota Income (Loss), Deductions, Adjustments, Credits, and Other Items (2025)
North Dakota · ND Tax Commissioner · Used for tax years 2025
North Dakota Schedule K-1 (Form 60) is a supplemental schedule an S corporation provides to its shareholders. It reports shareholders' North Dakota adjustments and tax credits and, for nonresident shareholders, applicable income, losses, deductions, income tax withheld, and compo
Who files this form
An S corporation provides North Dakota Schedule K-1 (Form 60) to its shareholders. Shareholders use the information to complete their North Dakota income tax returns.
- Resident individuals, estates, and trusts: Your entire share of the corporation’s income is subject to North Dakota income tax. This schedule shows your share of North Dakota adjustments and tax credits.
- Nonresident individuals, estates, and trusts: Your share of the corporation’s income apportioned and allocated to North Dakota is subject to North Dakota income tax. The schedule also shows adjustments, credits, and tax withheld or paid.
- Shareholders included in a composite filing: The composite tax paid by the corporation satisfies your North Dakota filing and payment obligations for your North Dakota income from that corporation. Keep the schedule for your tax records.
What you'll need
- Federal Schedule K-1: The form calls for the shareholder’s SSN or FEIN, name, address, and stock ownership percentage from this schedule.
- North Dakota Schedule K-1 (Form 60): Use it to report the applicable amounts on your North Dakota return. Attach a copy when reporting withholding from line 38 or claiming line 39 composite tax as withholding on your own return.
- Federal income tax return: For Part 4 items affected by federal limitations, use the portion included in your federal adjusted gross income.
- Explanation of differences, if needed: Attach a statement explaining any difference between a Part 4 amount shown on the schedule and the amount reported on your North Dakota return.
- Amended Schedule K-1, if applicable: Attach a copy to your amended North Dakota return.
Common mistakes
- Entering line 37 on your return: Do not enter this amount anywhere on your return. It is for your information only.
- Reporting amounts excluded by federal limitations: For Part 4 items, report only the portion included in your federal adjusted gross income. Attach a statement explaining any difference from the schedule.
- Entering an item marked “Not applicable”: The instructions say these items must not be entered on your return.
- Using the wrong tax year: If you file on a calendar-year basis and the corporation uses a fiscal year, report the amounts for the year in which the corporation’s fiscal year ends.
- Missing a required attachment: Attach the schedule when reporting line 38 withholding or claiming line 39 composite tax as withholding. Attach an amended schedule when filing an amended return to report its revised information.
Questions people ask
What is this schedule for?
It is a supplemental schedule an S corporation provides to shareholders. It contains information they may need to complete their North Dakota income tax returns.
Which return year should I use if the corporation has a fiscal year?
If you file on a calendar-year basis, use the return for the year in which the corporation’s fiscal year ends. For example, amounts from a 2025 Schedule K-1 for a corporation whose fiscal year ends in February 2026 go on your 2026 return.
What if I receive an amended Schedule K-1?
You generally must file an amended North Dakota income tax return and attach a copy of the amended schedule. If you were included in a composite filing and are not changing that election, no action is required. Keep the amended schedule for your records.
Where do I report North Dakota tax withheld on line 38?
Individuals enter it on Form ND-1, line 26. Estates and trusts use Form 38, page 1, line 8. Partnerships use Form 58, page 1, line 4. S corporations use Form 60, page 1, line 5. Attach a copy of the schedule to your return.
Can I claim composite tax paid for me if I later file my own return?
Yes. If you later choose to file your own North Dakota income tax return, you may claim the composite tax shown on line 39 as income tax withholding. Attach a copy of the schedule to support the amount claimed.