Form 512-S - Small Business Corporation Income Tax Return - 2006 Page 2
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1
2
3
4Part 2:
Ordinary Income from Trade or Business
Complete Column A. Column B should be completed by S Corporations whose income is all within Okla-
homa and/or by those whose income is partly within and partly without Oklahoma (not of a unitary nature).
Column A
Column B
CAUTION: Include only trade or business income and expenses on lines 1a through 21 below.
As reported on
Total applicable
Federal Return
1
a. Gross receipts or sales . . . . . .$___________
to Oklahoma
b. Minus returns and allowances $___________ = . . . . . . . . . . . . . . . . . . . .
00
00
1
2
Cost of goods sold and/or operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
2
3
Gross profit (subtract line 2 from line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
3
4
Net gain (loss) (Form 4797 Part II, line 17). . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
4
5
Other income (loss) (enclose schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
5
6
Total income (loss)
(add lines 3 through
5) . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
6
7
Compensation of officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
7
8
Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
8
9
Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
9
10
Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
10
11
Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
11
12
Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
12
13
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
13
14
Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
14
15
Depletion (do not deduct oil and gas depletion) . . . . . . . . . . . . . . . . . . . . . . . .
00
00
15
16
Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
16
17
Pension, profit-sharing, etc. plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
17
18
Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
18
19
Other deductions (enclose schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
19
20
Total deductions
(add lines 7 through
19) . . . . . . . . . . . . . . . . . . . . . . . . . .
00
20
00
21
Ordinary Income (Loss) from trade or business:
00
00
Subtract line 20 from line
6. Enter here and below on Part 3, line 1 . . . . . . .
21
Part 3:
Shareholders’ Pro Rata Share Items
Column A
Column B
As reported on
Total applicable
Income
(lines 1 through 11)
Federal Return
to Oklahoma
1
Ordinary income (loss) from trade or business (from above on Part 2, line 21) .
00
00
1
00
2
Net income (loss) from rental estate activity(ies) (enclose schedule) . . . . . . . .
00
2
00
3
Net income (loss) from other rental activity(ies) (enclose schedule) . . . . . . . . .
00
3
4
Interest income
00
a: Interest on loans, notes, mortgages, bonds, etc. . . . . . . . . . . . . . . . . . . . .
00
4a
b: Interest on obligations of a state or political subdivision . . . . . . . . . . . . . .
00
4b
c: Interest on obligations of the United States . . . . . . . . . . . . . . . . . . . . . . . .
00
4c
00
d: Other interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
4d
00
5
Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
5
00
6
Royalties . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
6
00
7
Net short-term capital gain (loss) (Schedule D, 1120-S) . . . . . . . . . . . . . . . . .
00
7
8
Net long-term capital gain (loss) (Schedule D, 1120-S) . . . . . . . . . . . . . . . . .
00
00
8
00
9
Net gain (loss) under Section 1231 (other than due to casualty or theft) . . . . .
00
9
00
10
Other (enclose schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
10
11
Total income (add lines 1 through 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
11
Deductions
(lines 12 through 17)
00
12
Section 179 deduction (enclose schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
12
13
Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
13
00
14
Deductions related to portfolio income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
14
15
Intangible drilling costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
00
15
00
16
Other deductions authorized by law (enclose schedule) . . . . . . . . . . . . . . . . .
00
16
00
17
Total Deductions (add lines 12 through 16) . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
17
Total
(line 18)
00
18
Net distributable income (line 11 minus line 17) . . . . . . . . . . . . . . . . . . . . . . . .
00
18
If Federal and Oklahoma distributable net incomes are the same, please see instructions on page 6 of packet.
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