SC1065 K-1: Partner's Share of South Carolina Income, Deductions, Credits, Etc. (Revision 2021-09)
South Carolina · South Carolina DOR · Used for tax years 2024, 2025, 2026
South Carolina Form SC1065 K-1 reports each partner's share of partnership income, deductions, and tax credits. It shows federal K-1 amounts, South Carolina adjustments, amounts allocated or apportioned to South Carolina and other states, and withholding tax for nonresident partn
Who files this form
The partnership prepares an SC1065 K-1 for each partner to show that partner’s share of income, deductions, and credits, adjusted and allocated or apportioned for South Carolina.
The partnership must include all SC1065 K-1s with its SC1065 Partnership Return and provide a copy to each partner.
What you'll need
Have these records and details available:
- The partner’s federal Schedule K-1, for amounts entered in Column A, lines 1 through 13.
- The SC-K Worksheet, Column B, for the partner’s share of South Carolina adjustments.
- The partnership’s name, address, ZIP code, and FEIN, plus the partner’s name, address, ZIP code, and identification number.
- The owner’s name and SSN or FEIN if the partner is a disregarded entity.
- The partner’s income and deductions allocated or apportioned to South Carolina and to other states.
- Details of the partner’s South Carolina tax credits and nonresident withholding, if applicable. Attach an additional sheet for credits if needed.
How to file
- Partnerships: Include all SC1065 K-1s with your SC1065 Partnership Return. Give an SC1065 K-1 to each partner.
- Partners filing a paper return: Attach the SC1065 K-1 to your Income Tax Return.
- Partners filing electronically: Keep the SC1065 K-1 with your records.
The supplied text does not give a mailing address or electronic submission steps.
Questions people ask
What do the four columns show?
Column A shows federal Schedule K-1 amounts. Column B shows South Carolina adjustments, with additions as positive numbers and subtractions in brackets. Column C shows amounts allocated or apportioned to states other than South Carolina. Column D shows amounts allocated or apportioned to South Carolina.
How is net taxable income on line 15 calculated?
Add Column D, lines 1 through 11, then subtract lines 12, 13, and 14.
What withholding applies to nonresident partners?
The instructions require partnerships to withhold 5% of nonresident partners’ South Carolina taxable income and enter the withholding on line 16. If a nonresident partner is not subject to withholding, check the applicable exemption box: an I-309 affidavit filed with the partnership, inclusion in a composite return, or tax-exempt entity status. Partnerships must provide nonresident partners a federal 1099 MISC marked “South Carolina Only” at the top, showing their income and tax withheld.
Who makes the Active Trade or Business election?
The partnership makes the election to pay tax on active trade or business income at the entity level. The election applies to all partners. Check the partnership election box and enter the partner’s share of income taxed by the partnership on line 14.