Form S-10 - Municipal Net Profit Return - 2001 Page 2
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1
2SCHEDULE X
RECONCILIATION WITH FEDERAL INCOME TAX RETURN
ITEMS NOT DEDUCTIBLE
ITEMS NOT TAXABLE
A. CAPITAL LOSSES ............................................................ $ _________________
I.
CAPITAL GAINS ...............................................................
$ _________________
B. EXPENSES APPLICABLE TO NON-TAXABLE INCOME
J. INTEREST INCOME .........................................................
_________________
AND/OR ITEMS NOT DEDUCTIBLE FOR MUNICIPAL
K. DIVIDENDS .......................................................................
_________________
PURPOSES (5% Rule may be used) ...............................
_________________
L. OTHER (Explain) ..............................................................
_________________
C. TAXES BASED ON INCOME ...........................................
_________________
...........................................................................................
_________________
D. NET OPERATING LOSS DEDUCTION
...........................................................................................
_________________
PER FEDERAL RETURN .................................................
_________________
...........................................................................................
_________________
E. GUARANTEED PAYMENTS TO PARTNERS .................
_________________
...........................................................................................
_________________
F. CONTRIBUTIONS EXCEEDING ALLOWANCE OF 5% ....
_________________
...........................................................................................
_________________
G. OTHER EXPENSES NOT DEDUCTIBLE (Explain) ........
_________________
Z. TOTAL DEDUCTIONS (Enter as Line 2B on the front
...........................................................................................
_________________
side of this return) .............................................................
$ _________________
H. TOTAL ADDITIONS (Enter as Line 2A on the front
side of this return) .............................................................
$ _________________
SCHEDULE Y
BUSINESS ALLOCATION FORMULA
A. Located
B. Located in
C. Percentage
Everywhere
Solon
[(B) Divided (A)]
Step 1
Average value of real and tangible personal property .......................
$ ________________ $ ________________
Gross annual rentals multiplied by 8 ..................................................
________________
________________
Total step 1 .........................................................................................
$ ________________ $ ________________ _________________%
Step 2
Total wages, salaries, commissions and other compensation
of all employees ..................................................................................
$ ________________ $ ________________ _________________%
Step 3
Gross receipts from sales and work or services performed
(See instructions) ................................................................................
$ ________________ $ ________________ _________________%
Step 4
Total percentages ...............................................................................
_________________%
Step 5
Average percentage (Divide total percentages by number of percentages used – enter on line 3B, Page 1)..................................................... _______________%
SCHEDULE Z
PARTNERS DISTRIBUTIVE SHARES OF NET INCOME (From Federal Schedule 1065K and 1099)
3. Distributive Shares
2. Resident
4. Other
5. Taxable
6. Amount
of Partners
Payments
Percentage
Taxable
1. NAME AND ADDRESS OF EACH PARTNER
Yes
No
Percent
Amount
(a)
% $
$
% $
(b)
(c)
(d)
7. TOTALS
100% $
$
% $
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