1120S K-1 Income Calculator
Calculate monthly income from S-Corporation K-1 distributions (Schedule K-1, Form 1120S) across up to four K-1 entities.
Upload Schedule K-1 (1120S)
Upload Schedule K-1 pages from Form 1120S to auto-fill fields. Upload one per tax year (max 2).
S-Corp K-1 Income Policy
S-Corp K-1 income includes ordinary business income/loss and rental income/loss. Unlike partnerships, S-Corps do not have guaranteed payments.
W-2 Wages Note
S-Corporation shareholders receive wages via W-2, not guaranteed payments. Include W-2 wages from the 1040 calculator separately.
K-1 #1
Enter line items from the shareholder's Schedule K-1 (Form 1120S).
| Description | Line # | Sign | Year 1 (Most Recent) | Year 2 (Prior) |
|---|---|---|---|---|
| Ordinary Business Income or Loss | 1 | +/− | ||
| Net Rental Real Estate Income/Loss | 2/3 | +/− | ||
| Other Net Rental Income/Loss | — | +/− |
K-1 #2 (Optional)
Use this section if the borrower has a second K-1 from another S-Corporation.
| Description | Line # | Sign | Year 1 (Most Recent) | Year 2 (Prior) |
|---|---|---|---|---|
| Ordinary Business Income or Loss | 1 | +/− | ||
| Net Rental Real Estate Income/Loss | 2/3 | +/− | ||
| Other Net Rental Income/Loss | — | +/− |
K-1 #3 (Optional)
Use this section if the borrower has a third K-1 from another S-Corporation.
| Description | Line # | Sign | Year 1 (Most Recent) | Year 2 (Prior) |
|---|---|---|---|---|
| Ordinary Business Income or Loss | 1 | +/− | ||
| Net Rental Real Estate Income/Loss | 2/3 | +/− | ||
| Other Net Rental Income/Loss | — | +/− |
K-1 #4 (Optional)
Use this section if the borrower has a fourth K-1 from another S-Corporation.
| Description | Line # | Sign | Year 1 (Most Recent) | Year 2 (Prior) |
|---|---|---|---|---|
| Ordinary Business Income or Loss | 1 | +/− | ||
| Net Rental Real Estate Income/Loss | 2/3 | +/− | ||
| Other Net Rental Income/Loss | — | +/− |