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2022 Form 502 Virginia Pass-Through Entity

Schedule VK-1 Owner’s Share of Income and *VA0VK1122888*
CHECK IF— Virginia Modifications and Credits
Final If SHORT Period Return: Beginning Date _____________________, 2022; Ending Date _____________________ , 20 _______
Amended Return: Enter Reason Code ________________ Owner is Participating in a Unified Nonresident Individual Income Tax Return
Owner Information Pass-Through Entity (PTE) Information
Name FEIN or SSN Name FEIN

Address Address Taxable Year End Date

Address Continued Address Continued

City or Town, State, and ZIP Code City or Town, State, and ZIP Code

Additional Owner Information (see instructions)
a. Date owner acquired interest in the PTE (MM/DD/YYYY)...................................................................................... a. / /
b. Owner’s entity type (Enter code) ............................................................................................................................ b.
c. Owner’s participation type (Enter code) ................................................................................................................. c.
d. Owner’s participation percentage (Example: 47.35%) ........................................................................................... d. %
e. Amount withheld by PTE for the owner .................................................................................................................. e.
f. If owner or entity is exempt from withholding, enter an exemption code ................................................................ f.
Distributive or Pro Rata Income and Deductions (see instructions)
1. Total taxable income amounts ................................................................................................................................ 1. .00
2. Total deductions...................................................................................................................................................... 2. .00
3. Tax-exempt interest income.................................................................................................................................... 3. .00
Allocation and Apportionment
4. Income allocated to Virginia (owner’s share from PTE’s Schedule 502A, Section C, Line 2) ................................ 4. .00
5. Income allocated outside of Virginia (owner’s share from PTE’s Schedule 502A, Section C, Line 3(e)) ............... 5. .00
6. Apportionable income (owner’s share from PTE’s Schedule 502A, Section C, Line 4) ......................................... 6. .00
7. Virginia apportionment percentage (from PTE’s Schedule 502A, Section B – percent from Line 1 or Line 2(f), or 100%) .... 7. %
Virginia Additions – Owner’s Share
8. Fixed date conformity – depreciation ....................................................................................................................... 8. .00
9. Fixed date conformity – other ................................................................................................................................... 9. .00
10. Net income tax or other tax used as a deduction in determining taxable income (see instructions) ...................... 10. .00
11. Interest on municipal or state obligations other than from Virginia .......................................................................... 11. .00
12. Other additions (see Form 502 instructions for addition codes.)
Code Amount Code Amount
12a. .00 12b. .00
12c. .00 12d. .00
13. Total Additions (add Lines 8-11 and 12a-12d) ....................................................................................................... 13. .00
Virginia Subtractions – Owner’s Share
14. Fixed date conformity – depreciation ....................................................................................................................... 14. .00
15. Fixed date conformity – other ................................................................................................................................... 15. .00
16. Income from obligations of the United States .......................................................................................................... 16. .00
17. Other subtractions (see Form 502 instructions for subtraction codes.)
Certification Number (if applicable) Code Amount
17a. .00
17b. .00
17c. .00
17d. .00
18. Total Subtractions. (add Lines 14-16 and 17a-17d) .............................................................................................. 18. .00
Use Schedule SVK-1 if you are claiming more additions or subtractions than the Schedule VK-1 allows.
Refer to the Form 502 Instructions for addition and subtraction codes. Check this box and enclose Schedule SVK-1.
Va. Dept. of Taxation 2601024-W Rev. 07/22

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2022 Virginia Owner FEIN or SSN
Schedule VK-1 PTE FEIN *VA0VK1222888*
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Virginia Tax Credits
See the Schedule CR Instructions (individuals) or Schedule 500CR Instructions (corporations).

Part I – Nonrefundable Credits 22. Research and Development
Expenses Tax Credit (Use this line
1. State Income Tax Paid if the taxpayer does not qualify for a
(see Form 502 Instructions)................ .00 refundable credit.)................................. .00
2. Neighborhood Assistance Act Tax 23. Education Improvement Scholarships
Credit .................................................. .00 Tax Credit ............................................. .00
3. Biodiesel and Green Diesel Fuels Tax 24. Major Research and Development
Credit .................................................. .00 Expenses Tax Credit ............................. .00
4. Recyclable Materials Processing 25. Food Crop Donation Tax Credit ............ .00
Equipment Tax Credit ......................... .00
5. Vehicle Emissions Testing Equipment 26. Worker Training Tax Credit ................... .00
Tax Credit ........................................... .00 27. Virginia Housing Opportunity
6. Major Business Facility Job Tax Tax Credit ............................................. .00
Credit .................................................. .00 Part II – Total Nonrefundable Credits
7. Waste Motor Oil Burning Equipment
Tax Credit ........................................... .00 1. Total Nonrefundable Credits.
Add Part I, Lines 1-8, and 12-27........... .00
8. Riparian Forest Buffer Protection for
Waterways Tax Credit ......................... .00 Part III – Refundable Credits
9. Reserved for Future Use .................... 1. Agricultural Best Management
Practices Tax Credit .............................. .00
10. Reserved for Future Use .................... 2. 100% Coalfield Employment
Enhancement Tax Credit from 2022
11. Reserved for Future Use .................... Form 306D, Part II, Section 1, Line 1 ... .00
12. Historic Rehabilitation Tax Credit ........ .00 3. Full Credit: Enter amount from 2022
Form 306D, Part II, Section 2, Line 3 ... .00
13. Land Preservation Tax Credit ............. .00 4. 85% Credit: Enter amount from 2022
14. Qualified Equity and Subordinated Form 306D, Part II, Section 3, Line 5 ... .00
Debt Investments Tax Credit .............. .00 5. Total Coalfield Employment
15. Communities of Opportunity Tax Enhancement Tax Credit allowable
Credit .................................................. .00 this year (Add Lines 3 and 4)................ .00
16. Green Jobs Creation Tax Credit ......... .00 6. Reserved for Future Use ......................
17. Farm Wineries and Vineyards Tax 7. Motion Picture Production
Credit .................................................. .00 Tax Credit .............................................. .00
18. International Trade Facility Tax 8. Research and Development
Credit .................................................. .00 Expenses Tax Credit ............................. .00
19. Port Volume Increase Tax Credit ........ .00 9. Conservation Tillage and Precision
Agricultural Equipment Tax Credit ........ .00
20. Barge and Rail Usage Tax Credit ....... .00 10. Pass-Through Entity Elective Tax
Payment Credit ..................................... .00
21. Livable Home Tax Credit .................... .00
Part IV – Total Refundable Credits
1. Total Refundable Credits.
Add Part III, Lines 1, 5, and 7-10 .......... .00

NOTICE: You received this Schedule VK-1 because the above-named PTE earned income from Virginia sources and has passed
through to you a portion of that Virginia source income based on your ownership of the PTE. A copy of this schedule has been filed
with the Department. Everyone who receives Virginia source income is subject to taxation by Virginia regardless of state of residency
or domicile. You may be required to file a Virginia tax return even though you may be a nonresident individual or a business domiciled
outside of Virginia. To determine if you are required to file a Virginia income tax return, consult a tax professional. Information and forms
may be obtained at www.tax.virginia.gov, or by calling the Department at (804) 367-8031 (individuals) or (804) 367-8037 (businesses).

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