Form 65 - Instructions - Partnership/limited Liability Company Return Of Income - 2016 Page 4

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Line 10. Net Section 1231 gain (loss). The total amount of Net Section 1231 gain
Line 19c. Nondeductible Expenses. The total amount of Nondeductible Expenses
(loss) from the Federal Form 1065, Schedule K as adjusted to Alabama basis. Attach
from the Federal Form 1065, Schedule K.
Federal Form 4797.
Line 20a. Distributions of cash and marketable securities. The amount of cash
Line 11. Other Income. The total amount of Other Income from the Federal Form
and marketable securities distributed to owners.
1065, Schedule K as adjusted to Alabama basis.
Line 20b. Distributions of other property. The amount of other property distributed
Line 12. Nonbusiness Items. Enter in the Apportioned Amount column the amount
to owners.
entered on Schedule B, Column B, line 1h. Attach a statement identifying the nature
Line 21a. Investment income. The total amount of Investment Income from the
and amounts of the separately stated nonbusiness items.
Federal Form 1065, Schedule K.
Line 13. Section 179 Deduction. As a positive amount, enter the IRC §179 ex-
Line 21b. Investment expenses. The total amount of Investment expense from
pense deduction entered on Federal Form 1065, Schedule K.
the Federal Form 1065, Schedule K.
Line 14a. Contributions. As a positive amount, enter the contributions entered
Line 21c. Other items and amounts. The total amount of other items and amounts
on Federal Form 1065, Schedule K.
from the Federal Form 1065, Schedule K. Attach supporting documentation.
Line 14b. Investment interest expense. The investment interest expense from
Line 22. Total Credits. Enter nothing in the Federal Amount column and the Ap-
Federal Form 1065, Schedule K.
portionment Factor column. Enter in the Apportioned Amount column total credits from
Line 15. Other deductions. Other deductions from Federal Form 1065, Schedule
Schedule PC, Part P, Line 5. Attach Schedule PC.
K.
Line 23. Composite Payment Made on Behalf of Owner. Enter nothing in the Fed-
Line 16. Oil and Gas Depletion. As a positive amount, enter the oil and gas de-
eral Amount column and the Apportionment Factor column. Enter in the Apportioned
pletion entered on Federal Form 1065, Schedule K.
Amount column the amount of total composite payments made on behalf of the
Line 17. Casualty Losses. As a positive amount, enter the casualty losses entered
owners.
on Federal Form 1065, Schedule K.
Any adjustments made to lines 2, 3a, 8, 9, 10 or 11 of Schedule K should have an
Line 18. Nonbusiness Items. Enter in the Apportioned Amount column the amount
accompanying explanation. A suggested format is shown below:
entered on Schedule B, Column D, line 1h. Attach a statement identifying the nature
Item
Federal amount
Adjustment
AL amount
and amounts of the separately stated nonbusiness items.
net short term
Line 19a. Tax-exempt interest income. The total amount of tax exempt interest
capital loss
(3,000.00)
(2,000.00)
(5,000.00)
income from the Federal Form 1065, Schedule K.
explanation: total amount claimed in year of loss for AL
Line 19b. Other tax-exempt income. The total amount of other tax exempt inter-
est income from the Federal Form 1065, Schedule K.
4

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