Form Cd-418 - Cooperative Or Mutual Association - 2016 Page 3
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4Page 3,
Legal Name
FEIN
CD-418 Web, 8-16
Federal Taxable Income Before NOL Deduction
Adjustments to Federal Taxable Income
B
C
Complete this schedule if you do not attach a copy of your federal income tax return.
.
.
1. Additions:
00
00
1. a. Gross receipts or sales
.
.
a. Taxes based on net income
00
00
b. Returns and allowances
b. Contributions
.
.
c. Dividends paid on capital stock
00
00
c. Balance
(Line 1a minus Line 1b)
.
(From Schedule D, Line 1)
.
d. Nonpatronage income allocated to patrons
00
00
2. Cost of goods sold
(Attach schedule)
.
(From Schedule D, Line 2)
.
e. Expenses attributable to income not
00
00
3. Gross Profit
(Line 1c minus Line 2)
taxed
(See instructions for Form CD-405)
.
.
f. Domestic production activities deduction
00
00
.
4. Dividends
(Attach schedule)
(Schedule B, Line 22 minus Schedule D, Line 4)
.
00
.
g. Bonus depreciation
5. a. Interest on obligations of the
00
00
.
United States and its instrumentalities
.
h. Section 179 expense deduction
00
00
.
i. Other
(Attach schedule)
b. Other interest
.
00
00
2. Total Additions
(Add Lines 1a-1i)
6. Gross rents and royalties
.
.
3. Deductions
00
00
7. Capital gain net income
(Attach schedule)
.
.
a. U.S. obligation interest
(net of expenses)
00
00
.
b. Other deductible dividends
8. Net gain (loss)
(Attach schedule)
.
00
.
c. State net loss
00
9. Other income
(Attach schedule)
00
.
.
d. Bonus depreciation
10. Total Income
00
00
.
Add Lines 3 through 9
e. Section 179 expense deduction
.
00
11. Compensation of officers
f. Other
.
(Attach schedule)
00
(Attach schedule)
00
.
4. Total Deductions
(Add Lines 3a-3f)
12. Salaries and wages
00
.
(Less employment credits)
5. Adjustments to Federal
Taxable Income
.
00
13. Bad debts
.
Line 2 minus Line 4, enter amount
00
here and on Schedule A, Line 2
00
14. Rents
.
§
00
Deductions and Adjustments Under IRC
1382
D
15. Taxes and licenses
.
.
00
16. Interest
1.
.
Dividends paid on capital stock
00
(Internal Revenue Code § 521 cooperatives only)
00
.
17. Charitable contributions
2.
Nonpatronage income allocated to patrons
00
(Internal Revenue Code § 521 cooperatives only)
18. a. Depreciation
.
3. Patronage dividends:
b. Depreciation included
00
.
a. Money
.
in cost of goods sold
00
00
b. Qualified written notices of allocation
c. Balance
(Line 18a minus Line 18b)
.
.
c. Other property
(except nonqualified
00
00
19. Advertising
.
written notices of allocation)
00
d. Money or other property
.
(except written
20. Pension, profit-sharing,and similar plans
.
in redemption of
notices of allocation)
00
nonqualified written notices of allocation
00
21. Employee benefit programs
.
.
4. Domestic production activities deduction
(
00
)
00
22. Domestic production activities deduction
allocated to patrons
.
.
00
5. Total - Add Lines 1 through 4; enter
23. Other deductions
(Attach schedule)
.
00
amount here and on Schedule B, Line 26a
00
24. Total Deductions
(Add Lines 11-23)
Contributions
E
.
25. Taxable Income before IRC § 1382,
.
NOL, and Special Deductions
1. Enter total contributions to donees other
00
00
Line 10 minus Line 24
than those listed in Line 4, below
.
2. Multiply the amount shown on Schedule
.
26.
a. Deductions and adjustments under
A, Line 3 by 5% if Line 3 is greater than
00
00
.
IRC § 1382
zero. Otherwise, enter zero here.
(From Schedule D, Line 5)
.
00
3. Enter the lesser of Line 1 or Line 2
b. Special Deductions
.
00
(From Federal Form 1120-C, Line 26c)
4. Enter total contributions to the State
00
of N.C. and its political subdivisions
.
5. Amount Deductible
.
27. Federal Taxable Income Before NOL
00
Add Lines 3 and 4; enter total here and on
Line 25 minus Lines 26a and 26b; enter
00
amount here and on Schedule A, Line 1
Schedule A, Line 4
Note: The letters F through K are not used to designate schedules.
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