502ADJ: Pass-Through Entity Schedule of Adjustments (2025)
Virginia · Virginia Tax · Used for tax years 2025
Virginia Schedule 502ADJ is the 2025 Pass-Through Entity Schedule of Adjustments enclosed with Form 502. It reports additions to and subtractions from taxable income, tax credits passed through to owners, and calculations of tax owed or overpaid for an amended return.
What you'll need
Have these forms and details available to complete Schedule 502ADJ:
- Your FEIN and name(s) as shown on Form 502.
- Amounts for additions, subtractions, and tax credits passed through to owners, as applicable.
- Form 502 instructions for addition and subtraction codes and information about the State Income Tax Paid credit.
- Schedule 502ADJS if you have more additions or subtractions than Schedule 502ADJ allows.
- Schedule CR instructions for individuals or Schedule 500CR instructions for corporations, for credit information.
For Section D, Amended Return, you will also need amounts from Form 502, the amount paid with the original return, any additional tax paid afterward, and any overpayment shown on the original return or as previously adjusted.
How to file
Enclose Schedule 502ADJ with your Pass-Through Entity Return, Form 502.
If you need Schedule 502ADJS for additional additions or subtractions, check the box on Schedule 502ADJ and enclose Schedule 502ADJS with your return.
Common mistakes
- Forgetting to enclose Schedule 502ADJ with Form 502.
- Not using Schedule 502ADJS when your additions or subtractions exceed the space on Schedule 502ADJ. The form tells you to check the box and enclose the extra schedule.
- Overlooking the reminder to use the Form 502 instructions for addition and subtraction codes.
- Reporting credit amounts other than the total amounts passed through to owners. Section C asks for those passed-through totals.
Questions people ask
How do I total my additions and subtractions?
In Section A, add Lines 1 through 4 and enter total additions on Line 5. In Section B, add Lines 1 through 4 and enter total subtractions on Line 5.
What if I need more room for additions or subtractions?
Use Schedule 502ADJS. Check the box on Schedule 502ADJ and enclose Schedule 502ADJS with your return.
Where do I report the credit totals on Form 502?
Enter the total nonrefundable credits from Section C, Part II, on Form 502, Page 1, Line 19. Enter the total refundable credits from Part IV on Form 502, Page 1, Line 20.
Which section is for an amended return?
Section D is labeled “Amended Return.” It uses payments, any prior overpayment, and amounts from Form 502 to calculate tax owed or the amount overpaid.