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ORDINARY INCOME TO TOTAL NET INCOME. For Calendar Year 2014. Name of S Corporation. 1. Ordinary income (loss) from Federal Form 1120S, Schedule K, Line 1 . Add the irs form 1120s k 1 for editing. Click the New Document button above, then drag and drop the sample to the upload area, import it from the cloud, or via For calendar year 2014 or fiscal year (mm/dd/yyyy): beginning - and ending - 1. 2 Contributions from federal form 1120S, Schedule K, line 12a. IMPORTANT: Refer to Shareholder's Instructions for Schedule K-1 before entering federal Schedule K-1 (Form 1120S) for information concerning your. Line 6—Enter all other items of income (loss) of the S corporation not included on Lines 1 through 5. See federal instructions for Schedule K, Form 1120S. Line For detailed reporting and filing information, see the separate Shareholder's Instructions for Schedule K-1 and the instructions for your income tax return. 1 through 8, 12 and 13 and Part II, Lines 15 through 18 are carried directly from your Federal form 1120S, Schedule K. SPECIFIC LINE INSTRUCTIONS.1. Enter the taxpayer's apportioned amount of Ordinary Business Income from Federal Form 1120S or 1065, Schedule K, line 1.