How to Enter Your PennGift K-1

When Preparing Your Own Taxes​

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Thank you for supporting Blue Mountain Christian School through a Special Purpose Entity (SPE)! Your contribution helps provide tuition assistance to families seeking a Christ-centered education.

PennGift, our partner scholarship organization, provides your K-1 form showing the tax information and scholarship credits passed through to you by the SPE. If you prepare your own taxes using tax software, follow these steps:

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1. Check the year on your K-1. It must match the tax year you are filing.

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2. Enter your federal K-1. Find “Schedule K-1” in your software. Select the form type printed on your K-1 and enter the SPE’s name, EIN, and other information exactly as provided.

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3. Review your Pennsylvania K-1 information. Open your Pennsylvania return and enter or verify the state information PennGift provided. Federal entries may not automatically claim your Pennsylvania credit.

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4. Find “Other Credits” or “Schedule OC.” Select EITC or OSTC, as shown on your form. If you received both, enter each separately.

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5. Identify the credit as passed through from an SPE. If asked for the award source, select “Pass-through” or “PT.” Enter the SPE’s EIN and the credit amount provided by PennGift, not your total contribution. Use PennGift’s instructions for any additional award information.

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6. Review before filing. Confirm that Schedule OC includes the correct EITC and/or OSTC amounts. The total should appear on PA-40, Line 23, Other Credits. Include supporting documents as directed.

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If you need assistance, contact PennGift with questions about your K-1 or SPE information. Contact your software’s support team if you cannot locate Schedule OC or enter a pass-through EITC/OSTC credit.

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