Form 480.10(E) - Special Partnership Informative Income Tax Return Page 2
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2
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4Form 480.10(E) Rev. 05.10
Special Partnerships - Page 2
1.
Net sales ...................................................................................................................................
00
(1)
Less: Cost of goods sold or direct costs of production:
2.
Inventory at the beginning of the year
"C"
"C" or "MV"
00
(a) Materials .................................................................................
(2a)
00
(b) Goods in process .................................................................
(2b)
00
(c) Finished goods or merchandise .......................................
(2c)
00
3.
Purchase of materials or merchandise .......................................
(3)
00
4.
Direct wages......................................................................................
(4)
00
5.
Other direct costs (Detail on Part VII) ...........................................
(5)
00
6.
Total cost goods available for sale (Add lines 2 through 5) ....
(6)
7.
Less: Inventory at the end of the year
"C"
"C" or "MV"
00
(a) Materials ............................................
(7a)
00
(b) Goods in process ............................
(7b)
00
00
00
(c) Finished goods or merchandise ...
(7c)
00
8.
Gross profit on sales or production .............................................................................................................................
(8)
00
9.
Gain (or loss) from the sale or exchange of property used in business ..............................................................
(9)
00
10.
Rent ...................................................................................................................................................................................
(10)
00
11.
Interest ..............................................................................................................................................................................
(11)
00
12.
Commissions .................................................................................................................................................................
(12)
00
13.
Gain (or loss) on distributable share from other special partnerships (Submit Schedule R) ........................
(13)
00
14.
Miscellaneous income ..................................................................................................................................................
(14)
00
15.
Total Adjusted Gross Income (Add lines 8 through 14) ........................................................................................
(15)
00
16.
Compensation to partners or officers (Part VIII) ...............................................................
(16)
00
17.
Salaries, commissions and bonuses to employees .....................................................
(17)
00
18.
Commissions to businesses .............................................................................................
(18)
00
19.
Social security tax (FICA) ......................................................................................................
(19)
00
20.
Unemployment tax ................................................................................................................
(20)
00
21.
State Insurance Fund premiums .....................................................................................
(21)
00
22.
Medical or hospitalization insurance .................................................................................
(22)
00
23.
Insurance ................................................................................................................................
(23)
00
24.
Interest .....................................................................................................................................
(24)
00
25.
Rent ..........................................................................................................................................
(25)
00
26.
Property tax: (a) Personal ______________ (b) Real _______________ ..............
(26)
00
27.
Other taxes, patents and licenses (Submit detail) .........................................................
(27)
00
28.
Losses from fire, storm, other casualties or theft ..........................................................
(28)
00
29.
Motor vehicle expenses .....................................................................................................
(29)
00
30.
Meal and entertainment expenses (Total _____________________) .....................
(30)
00
31.
Travel expenses ....................................................................................................................
(31)
00
32.
Professional services ..........................................................................................................
(32)
00
33.
Contributions to pensions and other qualified plans ....................................................
(33)
00
34.
Current depreciation and amortization (Submit Schedule E) .......................................
(34)
00
35.
Flexible depreciation (Submit Schedule E) ......................................................................
(35)
00
36.
Accelerated depreciation (Submit Schedule E) ...............................................................
(36)
00
37.
Bad debts (See instructions)...............................................................................................
(37)
00
38.
Charitable contributions .......................................................................................................
(38)
00
39.
Organization and syndication ..............................................................................................
(39)
00
40.
Deduction for employers who employ handicapped persons .....................................
(40)
00
41.
Other deductions (Submit detail) .......................................................................................
(41)
00
42.
Total deductions (Add lines 16 through 41) ...........................................................................................................
(42)
43.
Net operating income (or loss) (Subtract line 42 from line 15. Enter on Part II, line 5) .................................
(43)
00
00
00
(1)
(8)
8.
Repairs ...................................................
1.
Salaries, wages and bonuses ..........
00
00
(2)
(9)
9.
Utilities ....................................................
2.
Social security tax (FICA) ....................
00
00
(3)
(10)
10.
Current depreciation
3.
Unemployment tax ..............................
(Submit Schedule E)..
00
00
(4)
(11)
11.
Flexible depreciation
4.
State Insurance Fund premiums ......
(Submit Schedule E)..
00
(12)
12.
5.
Medical or hospitalization
Accelerated depreciation
(Submit Schedule E)
00
00
(5)
(13)
13.
Other expenses (Submit detail) ..........
insurance ..............................................
00
(6)
14.
Total other direct costs (Add lines 1
6.
Other insurance ...................................
(7)
(14)
through 13. Same as Part V, line 5) ...
Excise taxes ..........................................
7.
00
00
Retention Period: Ten (10) years
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