OR-K-1: Schedule OR-K-1, Distributive Share of Income, Deductions, Credits, etc. (2025)
Oregon · Oregon DOR · Used for tax years 2025
Schedule OR-K-1 reports a pass-through entity owner’s share of income, losses, adjustments, Oregon additions and subtractions, credits, and payments for 2025. It includes federal and Oregon columns for distributive share items. Keep this schedule with your tax records; don’t subm
Who files this form
Schedule OR-K-1 is for owners of pass-through entities (PTEs). It reports their distributive share of income, deductions, credits, and other items.
The owner types listed on the form are:
- General partner or LLC member manager.
- Limited partner or other LLC member.
- Shareholder.
- Beneficiary.
The form says to keep this schedule with your tax records, not submit it with your individual tax return or the PTE return.
What you'll need
To complete the schedule, have the information requested on the form:
- The PTE’s name, federal employer identification number, business code number, and address.
- The owner’s name, Social Security number, address, owner type, and Oregon residency status. For a nonresident, provide the state of legal residence.
- The owner’s beginning and ending share of profit and loss or stock ownership.
- The apportionment percentage and federal and Oregon amounts for the distributive share items.
- Any PTE owner payment from Form OR-19 and tax paid on Form OR-OC on the owner’s behalf.
The form asks you to include schedules for other income or losses, other adjustments, other additions, other subtractions, and credits.
How to file
Keep Schedule OR-K-1 with your tax records. Do not submit it with your individual tax return or the PTE return.
The supplied form does not provide a mailing address or e-filing instructions.
Common mistakes
- Submitting the schedule with a tax return. The form explicitly says not to submit it with your individual tax return or the PTE return.
- Failing to keep the schedule. The form says to keep it with your tax records.
Questions people ask
What tax period does this schedule cover?
The form is for calendar year 2025 or a fiscal year. It provides spaces for the fiscal year’s beginning and ending dates.
Does the schedule separate federal and Oregon amounts?
Yes. Part III has a federal column and an Oregon column for distributive share items.
Where are payments reported?
Line 20 is for the PTE owner payment from Form OR-19. Line 21 is for tax paid on Form OR-OC filed on the owner’s behalf.
Can the schedule be marked final or amended?
Yes. The form has boxes labeled “Final OR-K-1” and “Amended OR-K-1.”