California Form 565 - Partnership Return Of Income - 2001 Page 2
ADVERTISEMENT
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4Schedule A Cost of Goods Sold
1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2 Purchases less cost of items withdrawn for personal use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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3 Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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4 Additional IRC Section 263A costs. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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5 Other costs. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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6 Total. Add line 1 through line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on Side 1, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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9 a Check all methods used for valuing closing inventory:
(1)
Cost
(2)
Lower of cost or market as described in Treas. Reg. Section 1.471-4
(3)
Write down of “subnormal” goods as
described in Treas. Reg. Section 1.471-2(c)
(4)
Other. Specify method used and attach explanation ___________________________
b Check this box if the LIFO inventory method was adopted this taxable year for any goods. If checked, attach federal Form 970 . . . . . . .
c Do the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the partnership? . . . . . . . . . . . . .
Yes
No
d Was there any change (other than for IRC Section 263A purposes) in determining quantities, cost, or valuations between opening
and closing inventory? If “Yes,” attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
J J J J J What type of entity is filing this return? Check one only:
b 1
General partnership
b 2
Limited partnership required to pay annual tax
(is doing business in California, is registered with SOS, or is organized in California)
b 3
Limited partnership NOT required to pay annual tax
(is not doing business in California, is not registered with SOS, and is not organized in California)
b 4
REMIC
b 5
Limited liability partnership
b 6
Other (See instructions)_____________________________________________________________________________________________
K Enter the maximum number of partners in this partnership at any time during the year. (Be sure to attach a California
Schedule K-1 (565) for each partner) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b
Yes
No
L Is any partner of the partnership related by blood or marriage to any other partner? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b
M Is any partner of the partnership a trust for the benefit of any person related by blood or marriage to any other partner? . . . . . . . . . b
N Are any partners in this partnership also partnerships or LLCs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
O Does the partnership meet all the requirements shown in the instructions for Question O? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
P Is this partnership a partner in another partnership or LLC? If “Yes,” attach a statement with the name(s) and FEIN(s) of each entity . .
Q Was there a distribution of property or transfer (for example by sale or death) of a partnership interest during the taxable year?
If “Yes,” see the federal instructions concerning an election to adjust the basis of the partnership’s assets under IRC Section 754 . . b
R Is this partnership a publicly traded partnership as defined in IRC Section 469(k)(2)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
S Is this partnership under audit by the IRS or has it been audited in a prior year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T Did this partnership or its subsidiary(ies) have a transfer or acquisition of more than 50% in control or ownership?
(See instructions – Penalties May Apply) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b
U (1) Does the partnership have any foreign nonresident partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b
(2) Does the partnership have any nonresident partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b
(3) Were Form 592, Form 592-A, and Form 592-B filed for these partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b
V Is this an investment partnership? (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b
W Is the partnership apportioning income to California using Schedule R? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b
X Is the partnership required to complete federal Form 8271? If “Yes,” see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Side 2 Form 565
2001
56501209
C1
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