Get Sch S Supplemental Schedule Rev. 7-23. Sch S Supplemental Schedule To Be Filed With K-40

Filling out the Sch S Supplemental Schedule is an essential step for taxpayers to accurately report their income modifications and deductions in Kansas. This guide provides comprehensive, step-by-step instructions to help users complete the form online with confidence.

Follow the steps to effectively complete the Sch S Supplemental Schedule.

1. Click the ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by filling out Part A of the form, which covers modifications to federal adjusted gross income. Enter your first name, last name, social security number, and the same for your spouse if applicable. Ensure you use all capital letters for the last name.
3. For each line in Part A, follow the instructions carefully. Add any applicable additions by providing the requested information, such as state and municipal bond interest, contributions to KPERS, and other specified amounts.
4. Continue to the subtraction section in Part A where you'll enter details for amounts like Social Security benefits or state tax refunds, ensuring you enclose any relevant schedules as instructed.
5. Calculate the total additions (line A8) and total subtractions (line A24), then derive the net modification to federal adjusted gross income by subtracting line A24 from A8 and enter the result in line A25.
6. Proceed to Part B if you are a nonresident or part-year resident. Document your total income from federal returns and any adjustments specific to Kansas sources, ensuring accuracy in reporting.
7. In Part B, follow through with entries for various income types, including wages, pensions, and adjustments targeting Kansas source income. Make sure to shade any boxes for negative amounts as specified.
8. Complete the income allocation percentage in line B23 by dividing the modified Kansas source income by the Kansas adjusted gross income, rounding to the fourth decimal place as needed.
9. Review all entries for accuracy and completeness. Once confirmed, save your changes, download a copy for your records, print the form, or share it as necessary.

Complete your Sch S Supplemental Schedule online to ensure accurate filing and maximum deductions.