Form Bc-1065 - Battle Creek Income Tax Partnership Return

SCHEDULE C - INCOME FROM PARTNERSHIP

IF A COPY OF YOUR U.S. PARTNERSHIP RETURN OF INCOME IS ATTACHED, OMIT THIS SCHEDULE.

For the Year Ending ...................................................., 20.......

Name as shown on page 1 of Form BC - 1065............................................................................................................................................................

Principal Business Activity..........................................................................................................................................................................................

Business Location.....................................................................................................................................................................................................

(Number and street or rural route)

(City or post office)

(State)

(Postal zip code)

Telephone No....................................................... Name of person in charge of records .............................................................................................

ORDINARY INCOME FROM BUSINESS

Gross receipts after deducting allowances, rebates and returns ......................................................................................... 1. $..............................................

Inventory at beginning of year (if different than last year's closing inventory attach explanation) ... 2. $ ............................

Merchandise purchased $ ............................................, less any items withdrawn from business for

personal use $ .............................................................................................................................. 3. ..............................

Cost of labor (do not include amounts paid to partners) .................................................................. 4. ..............................

Material and supplies ........................................................................................................................ 5. ..............................

Other costs (explain in attached statement) ..................................................................................... 6.

Total of lines 2 through 6 ...................................................................................... 7. ..............................

Inventory at end of year ..................................................................................................................... 8.

Cost of goods sold (line 7 less line 8) ............................................................................................................................. 9.

10. Gross profit (subtract line 9 from line 1) ........................................................................................................................ 10. ..................................................

11. Miscellaneous income (do not include any items included on lines 25 through 31) ................................................... 11.

12.

Total Income (lines 10 and 11) ......................................................................................................... 12. ..................................................

OTHER BUSINESS DEDUCTIONS

13. Salaries and wages not included on line 4 (exclude any paid to partners) .................................... 13. $ ............................

14. Payments to partners - salaries and interest - enter here and on p. 3, Sch. E, Col. 2 ................... 14.

..............................

15. Rent on business property ............................................................................................................. 15.

..............................

16. Losses of business property (attach statement listing items and location) .................................... 16.

..............................

17. Depreciation ................................................................................................................................... 17.

..............................

18. Taxes .............................................................................................................................................. 18.

..............................

19. Other business expenses (attach statement) .................................................................................. 19.

..............................

20.

Total of lines 13 through 19 ................................................................................................ 20.

21. Ordinary income from business - line 12 less line 20 ...................................................................................................... 21. ....................................................

22. Add City of Battle Creek and Michigan income tax if included in line 20 above ............................................................ 22. ....................................................

23. Add interest and other costs included in line 20 which were incurred in connection with the production of tax exempt

income or partners' personal expenses which were charged to the business ........................................................... 23.

24. Total adjusted ordinary income from business for the year (add lines 21 through 23). Enter here and on p. 3, Sch. E, col. 1. .................. 24.

OTHER PARTNERSHIP INCOME OR LOSS

(taxable or non-taxable depending on residency of partners)

25. Dividends $......................................., Interest $ ............................................(enter total of dividends and interest) ..... 25. ....................................................

26. Income (or loss) from other partnerships and other income ........................................................................................ 26. ....................................................

*27. Net gain (or loss) from sale or exchange of property other than capital assets (See Note) ......................................... 27. ....................................................

*28. Net short term gain (or loss) from sale or exchange of capital assets (See Note) ....................................................... 28. ....................................................

*29. Net long term gain (or loss) from sale or exchange of capital assets (See Note ......................................................... 29. ....................................................

*30. Net gain (or loss) from sale or exchange of property under Section 1231 ................................................................... 30. ....................................................

31. Rents $ ........................., Royalties $ ..........................., (enter total of rents and royalties) ........................................... 31.

32.

Total partnership income to account for (add lines 24 through 31) .................................................. 32.

*NOTE: The amounts on lines 27, 28, 29, 30 should agree with the amounts reported on Schedule D of your Federal partnership form 1065.

THE FOLLOWING SCHEDULES B AND E, ON PAGE 3, ARE TO BE USED TO COMPUTE THE

TAXABLE PORTION OF THE INCOME OF THE PARTNERSHIP AS SHOWN ON LINE 32 ABOVE

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