Form Cd-418 - Cooperative Or Mutual Association - 2014 Page 3
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4Page 3,
Legal Name
FEIN
CD-418 Web, 10-14
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
b. Returns and allowances
.
00
b. Contributions
.
00
c. Balance
(Line 1a minus Line 1b)
.
c. Dividends paid on capital stock
00
(From Schedule D, Line 1)
.
00
2. Cost of goods sold
(Attach schedule)
.
d. Nonpatronage income allocated to patrons
00
(From Schedule D, Line 2)
00
.
3. Gross Profit
(Line 1c minus Line 2)
.
e. Expenses attributable to income not
00
taxed
(See instructions for Form CD-405)
00
.
4. Dividends
(Attach schedule)
f. Domestic production activities deduction
00
.
.
(Schedule B, Line 22 minus Schedule D, Line 4)
5. a. Interest on obligations of the
00
00
United States and its instrumentalities
.
g. Other
.
(Attach schedule)
00
00
2. Total Additions
b. Other interest
.
(Add Lines 1a-1g)
.
00
3. Deductions
6. Gross rents and royalties
.
00
.
a. U.S. obligation interest
(net of expenses)
00
7. Capital gain net income
00
(Attach schedule)
.
.
b. Other deductible dividends
00
00
.
8. Net gain (loss)
c. Net economic loss
(Attach schedule)
.
00
.
00
d. Bonus depreciation (See instructions)
9. Other income
(Attach schedule)
00
.
.
e. Section 179 expense deduction
10. Total Income
00
00
Add Lines 3 through 9
.
f. Other
(Attach schedule)
.
00
11. Compensation of officers
4. Total Deductions
(Add Lines 3a-3f)
00
(Attach schedule)
.
5. Adjustments to Federal
12. Salaries and wages
Taxable Income
.
00
.
(Less employment credits)
Line 2 minus Line 4, enter amount
00
here and on Schedule A, Line 2
00
13. Bad debts
.
§
Deductions and Adjustments Under IRC
1382
00
D
14. Rents
.
.
00
15. Taxes and licenses
.
1.
Dividends paid on capital stock
00
(Internal Revenue Code § 521 cooperatives only)
00
.
16. Interest
.
2.
Nonpatronage income allocated to patrons
00
00
(Internal Revenue Code § 521 cooperatives only)
17. Charitable contributions
.
3. Patronage dividends:
18. a. Depreciation
00
a. Money
.
b. Depreciation included
00
.
in cost of goods sold
b. Qualified written notices of allocation
.
00
c. Balance
(Line 18a minus Line 18b)
.
c. Other property
(except nonqualified
00
written notices of allocation)
00
19. Advertising
.
d. Money or other property
.
(except written
00
in redemption of
notices of allocation)
20. Pension, profit-sharing,and similar plans
.
00
nonqualified written notices of allocation
.
00
21. Employee benefit programs
.
4. Domestic production activities deduction
00
(
)
allocated to patrons
00
22. Domestic production activities deduction
.
.
5. Total - Add Lines 1 through 4; enter
00
00
amount here and on Schedule B, Line 26a
23. Other deductions
.
(Attach schedule)
00
24. Total Deductions
Contributions
(Add Lines 11-23)
E
.
.
25. Taxable Income before IRC § 1382,
1. Enter total contributions to donees other
NOL, and Special Deductions
00
00
than those listed in Line 4, below
Line 10 minus Line 24
2. Multiply the amount shown on Schedule
.
.
A, Line 3 by 5% if Line 3 is greater than
26.
00
a. Deductions and adjustments under
.
zero. Otherwise, enter zero here.
00
IRC § 1382
(From Schedule D, Line 5)
00
3. Enter the lesser of Line 1 or Line 2
.
b. Special Deductions
.
00
4. Enter total contributions to the State
(From Federal Form 1120-C, Line 26c)
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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