Instructions For Form 568 - Limited Liability Company Return Of Income - State Of California Franchise Tax Board - 2005 Page 17

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Limited Liability Company Income Worksheet — Attach to the LLC’s return
1 a Total income from Form 568, Schedule B, line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1a _______________
b Enter as a negative number, any allocations, distributions, or gains from another LLC that was already
subject to the LLC fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b _______________
2 Gross income of the disregarded entities not included in lines 9 through 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 _______________
3 LLC’ s distributive share of gross ordinary income from pass-through entities . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 _______________
4 Add gross farm income from federal Schedule F (Form 1040). Use California amounts . . . . . . . . . . . . . . . . . . . .
4 _______________
5 Total the amounts from Schedule B, line 4 through line 11. If the amount is positive, enter as a negative.
If the amount is negative, enter as a positive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 _______________
6 Enter the total of other income (not loss) from Form 568, Schedule B, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 _______________
7 Enter the ordinary gains (not losses) and the recapture income from Schedule D-1, Part II, line 17 . . . . . . . . . .
7 _______________
8 Add line 1a through line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 ________________
9 Rental real estate
a Enter the gross rents from federal Form 8825, line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9a _______________
b Enter the gross rents from rental real estate of the disregarded entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9b _______________
c
Enter the LLC’ s distributive share of gross rents from rental real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9c _______________
d Add line 9a through line 9c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9d _______________
10
Other rentals
a Enter the gross income from other rental activities (do not include any losses from the sale or
involuntary conversion of an asset if included in Schedule K, line 3a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10a _______________
b Enter the gross income from other rentals of the disregarded entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10b _______________
c
Enter the LLC’s distributive share of gross income from other rentals from pass-through entities . . . . . . . . .
10c _______________
d Add line 10a through line 10c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10d _______________
11
Interest
a Enter the total interest of disregarded entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11a _______________
b Enter the interest from Schedule K, line 4a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11b _______________
c
Add line 11a and line 11b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11c _______________
12
Dividends
a Enter the total dividends of the disregarded entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12a _______________
b Enter the dividends from Schedule K, line 4b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12b _______________
c
Add line 12a and line 12b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12c _______________
13
Royalty income
a Enter the gross royalty income of the disregarded entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13a _______________
b Enter the LLC’s distributive share of gross royalty income from pass-through entities . . . . . . . . . . . . . . . . . .
13b _______________
c
Enter the LLC’s gross royalty income included in Schedule K, line 4c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13c _______________
d Add line 13a through line 13c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13d _______________
14
Capital gains
a Enter the capital gains (not losses) of the disregarded entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14a _______________
b Enter the LLC’s distributive share of capital gains (not losses) from pass-through entities . . . . . . . . . . . . . .
14b _______________
c
Enter the capital gains (not losses) included in Schedule D (568) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14c _______________
d Add line 14a through line 14c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14d _______________
15
Other portfolio income
a Enter the other portfolio income (not loss) of the disregarded entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15a _______________
b Enter the LLC’s distributive share of other portfolio income (not loss) from pass-through entities . . . . . . . .
15b _______________
c
Enter the LLC’s other portfolio income (not loss) included in Schedule K, line 4e . . . . . . . . . . . . . . . . . . . . .
15c _______________
d Add line 15a through line 15c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15d _______________
16
1231 gains
a Enter the 1231 gains (not losses) of the disregarded entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16a _______________
b Enter the LLC’s distributive share of 1231 gains (not losses) from pass-through entities . . . . . . . . . . . . . . .
16b _______________
c
Enter the LLC’s 1231 gains (not losses) included in Schedule D-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16c _______________
d Add line 16a through line 16c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16d _______________
17
Other income (not loss) not included in line 6
a Enter the other income (not loss) of the disregarded entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17a _______________
b Enter the LLC’s distributive share of other income (not loss) from pass-through entities . . . . . . . . . . . . . . . .
17b _______________
c
Enter the LLC’s other income (not loss) included in Schedule K, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17c _______________
d Enter the LLC’s gain (not loss) on property subject to IRC Section 179 provisions . . . . . . . . . . . . . . . . . . . .
17d _______________
e Add line 17a through line 17d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17e _______________
18
Cost of goods sold
a Enter the cost of goods sold of the disregarded entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18a _______________
b Enter the cost of goods sold from Form 568, Schedule B, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18b _______________
c
Enter the cost of goods sold from federal Schedule F (1040) (plus California adjustments) . . . . . . . . . . . . . .
18c _______________
d Enter the LLC’s distributive share of cost of goods sold from other pass-through entities . . . . . . . . . . . . . . .
18d _______________
e Add line 18a through line 18d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18e _______________
19
Total income. Add lines 8, 9d, 10d, 11c, 12c, 13d, 14d, l15d, 16d, 17e, and 18e. Enter here and on Form 568, Side 1, line 1 . . . . . . . . . . .
19 _______________
Form 568 Booklet 2005
Page 17

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