Form 480.10(E) - Special Partnership Informative Income Tax Return printable pdf download

Form 480.10(E) Rev. 05.10

GOVERNMENT OF PUERTO RICO

___

Serial Number

Reviewer:

Liquidator:

___

DEPARTMENT OF THE TREASURY

Field audited by:

SPECIAL PARTNERSHIP INFORMATIVE

AMENDED RETURN

Date ____/ ____/ ____

INCOME TAX RETURN

Payment Stamp

TAXABLE YEAR BEGINNING ON

_____________, 20____ AND ENDING ON _____________, 20____

Employer Identification Number

Entity's Name

Postal Address

Industrial Code

Municipal Code

Telephone Number - Extension

Zip code

Location of Principal Industry or Business - Number, Street, City

Date created

Month _____ / Day _____ / Year _____

Place created

Type of Principal Industry or Business

Date of election to operate as Special Partnership

Total Forms 480.6 SE

Act No. 52 of 1983

Act No. 225 of 1995

Indicate if the entity had partially exempt income under the followings acts:

Act No. 78 of 1993

Act No. 47 of 1987

Act No. 52 of 1983

Act No. 225 of 1995

The entity elected for this year the exemption provided by:

Act No. 47 of 1987

Act No. 78 of 1993

Amount

Tax Withheld

Distributable share per category

Net long-term capital gain (or loss) on sale or exchange of capital assets (Shedule

D Corporation and Partnership ) .......................................................................................

(1)

Net short-term capital gain (or loss) on sale or exchange of capital assets (Schedule

D Corporation and Partnership) ........................................................................................

(2)

Net gain (or loss) on sale or exchange of substantially all assets dedicated

to an activity under Act No. 78 of 1993 (Schedule D Corporation and Partnership).

(3)

Net gain (or loss) on sale or exchange of property used in the business (Schedule

D Corporation and Partnership) ........................................................................................

(4)

Net income (or loss) of the partnership from the eligible activity (Part VI, line 43) ..

(5)

Net income (or loss) from partially exempt income (Schedule L, Part I, line 3) ......

(6)

Eligible distribution of dividends from corporations or profits from partnerships

(See instructions) ...............................................................................................................

(7)

Interest income from deposits in financial institutions ................................................

(8)

Distributable share on income, gain or loss from a special partnership owned by

the special partnership (See instructions) ....................................................................

(9)

10.

Total net income (or loss) from distributable share per category (Add lines 1

through 9) ............................................................................................................................

(10)

11.

Adjustment for determination of the share in the profit of loss from certain special

partnerships under the percentage of completion method (See instructions) ........

(11)

Credits

Credit for taxes paid to the United States, its possessions and foreign countries (Schedule C Corp. and Part.) ......

(1)

Credit for investment in the Capital Investment Fund, other funds or direct investments (Schedule Q) ...

(2)

Credit attributable to losses in the Capital Investment Fund or other funds (Schedule Q) ..........................

(3)

Credit for tax withheld at source from Industrial Development dividends (Act No. 8 of 1987) .....................

(4)

Credit for contribution to the Educational Foundation for Free Selection of Schools ....................................

(5)

Credit for the purchase of tax credits (Submit detail) .........................................................................................

(6)

Other credits not included on the preceding lines (Submit detail) (See instructions) ..................................

(7)

Total Tax Credits (Add lines 1 through 7) ............................................................................................................

(8)

Tax computation on built-in gain

Tax liability (Schedule U, Part IV, line 14) .............................................................................................................

(1)

Less amount paid:

a) Automatic extension or original return .........................................................

(2a)

b) Tax withheld at source .................................................................................

(2b)

c) Estimated tax ..................................................................................................

(2c)

d) With the return .................................................................................................

(2d)

e) Total (Add lines 2(a) through 2(d)) ...........................................................................................................

(2e)

Balance of tax due (Subtract line 2(e) from line 1. If line 2(e) is larger than line 1, enter the difference

on line 4) .......................................................................................................................................................

(3)

Amount overpaid (Subtract line 2(e) from line 1) ................................................................................................

(4)

Retention Period: Ten (10) years