Form I-338 Fillable Composite Return Affidavit
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)

(1) Do not use the standard deduction itemized deductions or personal exemptions (1) Prorate the standard deduction or itemized deductions and personal exemptions For an individual this means (2) At the participant s election tax active trade or business income at the active trade or business income rate (2) Tax active trade or business income at the active trade or business income rate The safe harbor is not available (3) Tax all other taxable income at 7% ( 07) (3) Tax all other taxable income using the graduated rate for individuals estates and trusts (city state and zip code) (Date) (Name Please print) (number and street) (Seal) (Signature of partner shareholder or LLC) 34181024 34182022 A composite return is a single return filed by a partnership S Corporation or limited liability company (LLC) taxed as a adjusted gross income and dividing the result by the amount of federal adjusted gross income For an estate or trust this AFFIDAVIT authorized member of the LLC beginning and ending Carolina gross income and dividing the result by federal gross income COMPOSITE RETURN Compute the participant's South Carolina income tax in the same manner as if it were being separately reported Corporation or members of a LLC taxed as a partnership or S Corporation DEPARTMENT OF REVENUE Distributed or undistributed South Carolina income from a Limited Liability Company Distributed or undistributed South Carolina income from a partnership Distributed or undistributed South Carolina income from an S Corporation Each participant s tax is computed separately and added together to arrive at the total tax due on the composite return For taxable years beginning after 2005 the partnership S Corporation or LLC may elect to determine each participant's have examined this affidavit and agreement and to the best of my knowledge and belief it is true correct and complete he has no income taxable to South Carolina other than the income from the entity: I 338 (Rev 6/2/15) I 338 COMPOSITE RETURN AFFIDAVIT INSTRUCTIONS I am a nonresident partner shareholder of an S Corporation or member of a limited liability company (LLC) I have no source of income taxable to South Carolina other than from the entity named in Question 4 means multiplying the standard deduction or itemized deductions and personal exemptions by the amount of South Method A If the participant provides an affidavit to the SC Department of Revenue through the entity stating that he has Method B If the participant does not provide an affidavit to the SC Department of Revenue through the entity stating that multiplying the standard deduction or itemized deductions and personal exemptions by the amount of South Carolina My address is: My name is: My social security number (SSN) or federal employer identification number (FEIN) is: no income taxable to South Carolina other than the income from the entity: Option 1: Option 2: Option to File Composite Returns Participants are limited to individuals trusts or estates who are partners of the partnership shareholders of the S partnership or S Corporation on behalf of two or more nonresident participants Recognizing that I am subject to the criminal penalties under SC Code Section 12 54 44(B) (6) (a) (i) I declare that I STATE OF SOUTH CAROLINA tax due by one of the following methods: taxed as a partnership taxed as an S Corporation The composite return includes income received by the participant from the partnership S Corporation or LLC The composite return must be signed by an authorized partner an authorized officer of the S Corporation or an The entity's address: The entity's federal employer identification number (FEIN): The name of the entity described in Question 3: The type of income for which this affidavit and agreement applies is: The undersigned taxpayer on oath being first duly sworn hereby certifies and agrees as follows: The undersigned understands that any false statement contained herein could be punished by fine imprisonment or both This affidavit applies for the year January 1 December 31 or for the fiscal tax year under Method B