Mississippi Schedule K (Form 84-131) is the 2024 schedule, titled FEIN Pass-Through Entity Election, that the Mississippi Department of Revenue (DOR) publishes for a pass-through entity (PTE) to list its owners. For each partner or shareholder it records the ownership percentage, Mississippi taxable income (loss), credits and the tax paid by the electing entity. On this page you can fill out the form online on FillingPDF and download or print the completed PDF. The PDF itself is published by the DOR at the official source link.
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What is 84-131?
Mississippi Schedule K (Form 84-131), FEIN Pass-Through Entity Election, is the Mississippi Department of Revenue (DOR) schedule on which an electing pass-through entity (PTE) lists each partner or shareholder with ownership percentage, Mississippi taxable income (loss), credits and the tax the entity paid, for tax year 2024.
The form is printed as Form 84-131-24-8-1-000 (Rev. 10/24) for page 1, and page 2 is a supplemental page, Form 84-131-24-8-2-000 (Rev. 10/24). At the top you enter the entity's FEIN and mark the entity type: Partnership / LLC / LLP (Federal 1065) or S Corporation (Federal 1120-S).
Each owner entry has four columns:
- Column A: name, FEIN or SSN, state of residence and a box to check if the owner is composite.
- Column B: ownership percentage, to the fourth decimal place.
- Column C: Mississippi taxable income (loss), credit code and credit amount.
- Column D: tax paid by the electing pass-through entity.
Lines 2 through 5 total the columns, add the amounts from additional pages and carry the composite income to Form 84-122. This is the Mississippi DOR's own schedule. The federal 1065 and 1120-S references on it only identify the entity type.
Who needs to file 84-131?
Pass-through entities that make the Mississippi pass-through entity election use Schedule K (Form 84-131) to report their owners. The form has check boxes for two entity types:
- a partnership, LLC or LLP that files federal Form 1065;
- an S corporation that files federal Form 1120-S.
Each partner or shareholder gets an entry with name, FEIN or SSN and state of residence. Mark the COMPOSITE box for an owner included in a composite filing. The line 4 instruction says that composite income (loss) from line 4a goes on Form 84-122, page 2, line 29.
Page 1 has room for five owners. An entity with more owners completes the supplemental page, page 2, and carries its subtotal to line 3 of page 1. The form prints no exclusions and no rule about who may sign for the entity.
When to file 84-131
Schedule K (Form 84-131) is the 2024 edition and prints no due date of its own. Complete it for the entity's 2024 tax year, together with the pass-through entity election it supports.
Timing matters in two places. If any owner is composite, the line 4a total feeds Form 84-122, page 2, line 29, so finish Schedule K before you complete that line. If the entity has more than five owners, fill out the supplemental page, page 2, at the same time, because its subtotal is carried to line 3 of page 1. For any filing deadline, check the Mississippi Department of Revenue's published instructions for the return the election belongs to.
How to fill out 84-131
Enter the entity FEIN and type
At the top of page 1, enter the entity's FEIN. Mark Partnership / LLC / LLP (Federal 1065) or S Corporation (Federal 1120-S).
Identify each owner in Column A
For each partner or shareholder, enter the name, the FEIN or SSN and the state of residence. Check the COMPOSITE box if the owner is composite.
Enter ownership percentage
In Column B, enter each owner's ownership percentage to the fourth decimal place.
Enter Mississippi taxable income (loss)
In Column C, line a, enter the owner's Mississippi taxable income (loss).
Enter credit code and credit amount
In Column C, enter the credit code on line b and the credit amount on line c, where the owner has a credit.
Enter tax paid by the entity
In Column D, enter the tax paid by the electing pass-through entity for that owner.
Use the supplemental page if needed
Page 1 has five owner entries. For more owners, use page 2: enter the FEIN, fill in the "Supplemental Page ___ of ___" numbers, list the owners, and complete the Subtotal row for columns B, C and D.
Total the columns on line 2
On line 2, total column B, column C (2a and 2c) and column D from the owner entries above.
Add totals from additional pages
On line 3, enter the totals from additional pages (Form 84-131, page 2), in the line 3 boxes for income (3a), credits (3c) and tax.
Complete lines 4 and 5
Line 4: add line 2 and line 3 of column C for total Mississippi taxable income (loss) (4a) and total tax credits (4c). If composite, carry the line 4a total to Form 84-122, page 2, line 29. Line 5: add column D, line 2 plus line 3.
Review and download the completed PDF
Check names, FEIN/SSN entries, percentages and totals. Download or print the completed PDF from FillingPDF and submit it through the DOR channels described under How to submit.
How to submit 84-131
Schedule K (Form 84-131) prints no mailing address, portal or other filing channel of its own, so it goes through the Mississippi Department of Revenue (DOR) channels that apply to the pass-through entity election it supports.
- Composite owners: the line 4 instruction directs the total composite income (loss) from line 4a to Form 84-122, page 2, line 29.
- More than five owners: attach the completed supplemental page (page 2) to page 1, and give the page number in the "Supplemental Page ___ of ___" space.
- Forms and updates: the DOR lists its forms at https://www.dor.ms.gov/forms-resources/form-search.
FillingPDF lets you fill out and download the PDF; submission follows the DOR's channels.
Common mistakes to avoid
- Leaving the entity-type boxes blank instead of marking Partnership / LLC / LLP (Federal 1065) or S Corporation (Federal 1120-S).
- Entering ownership percentage in column B with fewer than four decimal places; the form asks for the fourth decimal place.
- Omitting the owner's FEIN or SSN, or the state of residence, in column A.
- Not checking the COMPOSITE box for an owner included in a composite filing.
- Entering composite income (loss) anywhere other than Form 84-122, page 2, line 29, which line 4 names as its destination.
- Using only page 1 for more than five owners instead of completing the supplemental page and carrying its subtotal to line 3.
- Skipping the FEIN or the "Supplemental Page ___ of ___" numbering at the top of the supplemental page.
- Entering a credit amount in column C line c without the credit code in line b.
Frequently asked questions
What is Mississippi Schedule K (Form 84-131)?
It is a Mississippi Department of Revenue schedule, titled FEIN Pass-Through Entity Election, for tax year 2024. An electing partnership, LLC, LLP or S corporation uses it to list each owner's ownership percentage, Mississippi taxable income (loss), credits and the tax paid by the entity.
Who completes Schedule K (Form 84-131)?
A pass-through entity making the Mississippi election completes it. The form offers check boxes for a Partnership / LLC / LLP (Federal 1065) or an S Corporation (Federal 1120-S), and an entry for every partner or shareholder.
What does the COMPOSITE box mean on Schedule K?
You check it in Column A for an owner that is composite. Line 4 then directs the total composite income (loss) from line 4a to Form 84-122, page 2, line 29.
What if my entity has more than five owners?
Page 1 holds five owner entries. Use the supplemental page, page 2, for more owners. Its Subtotal row adds columns B, C and D, and that subtotal goes on line 3 of page 1 (Form 84-131, page 2).
How many decimal places does the ownership percentage need?
Four. Column B asks for the ownership percentage to the fourth decimal place for each partner or shareholder.
Where do I send Schedule K (Form 84-131)?
The form prints no address or portal of its own. It supports the pass-through entity election, so it follows the Mississippi Department of Revenue channels for that filing. The DOR lists its forms at https://www.dor.ms.gov/forms-resources/form-search.
Can I fill out Schedule K (Form 84-131) online?
Yes. You can fill out the PDF online on FillingPDF and download or print it. FillingPDF is an independent service, not connected to the Mississippi DOR, and it does not file the form; you submit it through the DOR's channels.
What revision of Schedule K is this?
The form is Schedule K for tax year 2024. Page 1 is printed as Form 84-131-24-8-1-000 (Rev. 10/24) and the supplemental page as Form 84-131-24-8-2-000 (Rev. 10/24).
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