Form N-7 - Net Profits Tax Return - 2001 Page 2
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2SCHEDULE X-RECONCILIATION WITH FEDERAL INCOME TAX RETURN
Items Not Deductible
Add
Items Not Taxable
Deduct
A. Capital Losses .............................................................$ ________________
H. Capital Gains ............................ __________________
B. Income Taxes Paid or Accrued..................................... ________________
I. Interest Income........................... __________________
C. Net operating loss deductions per Federal Return ...... ________________
J. Dividends ................................... __________________
D. Guaranteed payments to partners ............................... ________________
K. Other Income Exempt (explain) __________________
E. Expenses attributable to non-taxable income .............. ________________
....................................................... __________________
(See Instructions)
....................................................... __________________
F. Other ............................................................................. ________________
....................................................... __________________
________________
....................................................... __________________
G. Total Additions .............................................................$ ________________
L. Total Deductions........................ __________________
M. Combine lines G and L and enter net on line 2 ______________________
SCHEDULE Y-BUSINESS ALLOCATION FORMULA
a. Located Everywhere
b. Located in Cleveland Heights
c. Percentage (b/a)
STEP 1. Average Value of Real & Tangible Personal Property . . _______________
______________________
____________
Gross Amount Rentals Paid Multiplied by 8 . . . . . . . _______________
______________________
____________
TOTAL STEP 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . _______________
______________________
____________%
STEP 2. Gross Receipts from Sales Made and/or
Work Or Services Performed . . . . . . . . . . . . . . . . . . _______________
______________________
____________%
STEP 3. Wages, Salaries, Etc. Paid . . . . . . . . . . . . . . . . . . . . _______________
______________________
____________%
4. Total Percentages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
____________%
5. Average Percentage (Divide Total Percentage by Number of Percentages used-enter on line 4) . . . . . . . . . . . . . . . . . ____________%
SCHEDULE Z-PARTNER’S DISTRIBUTIVE SHARES OF NET INCOME
(From Federal Schedule 1065 K-1s and 1099)
1. Name and Address of Each Partner
Resident
Distributive Shares of Partner
Other Payments
Taxable
Amount Taxable
Y/N
Percentage
Percent
Amount
%
%
$
a.
$
$
%
b.
$
%
$
$
%
c.
$
$
$
%
%
$
d.
$
$
%
100 %
$
2. TOTALS
$
$
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