Separately Stated Items

Items Reported Separately

Certain items must be reported separately because they receive special treatment on a shareholder's individual tax return. These items retain their tax character after passing through the corporation.

Capital gains and losses.
Charitable contributions.
Interest income.
Dividend income.
Section 1231 gains and losses.
Tax credits.

Note

Separately stated items are frequently tested because they preserve their tax character when reported by shareholders.

Summary

Separately stated items require independent reporting and taxation at the shareholder level.