Form 720s - Kentucky S Corporation Income Tax And Llet Return

Page 4

Form 720S (2008)

*0800010259*

Schedule K

Commonwealth of Kentucky

DEPARTMENT OF REVENUE

SCHEDULE K—SHAREHOLDERS’ SHARES OF INCOME, CREDITS, DEDUCTIONS, ETC. (See Specific Instructions for Each Line Item)

SECTION I—continued

(a) Pro Rata Share Items

(b) Total Amount

Tax Credits—continued

23. Clean Coal Incentive Tax Credit ......................................................................................

24. Ethanol Tax Credit (attach Schedule ETH) ......................................................................

25. Cellulosic Ethanol Tax Credit (attach Schedule CELL) ...................................................

Other Items

26. (a) Type of Section 59(e)(2) expenditures ➤

26(a)

(b) Amount of Section 59(e)(2) expenditures ...............................................................

(b)

27. Tax-exempt interest income ...........................................................................................

28. Other tax-exempt income ...............................................................................................

29. Nondeductible expenses ................................................................................................

30. Total property distributions (including cash) other than dividends reported on

line 32 below ...................................................................................................................

31. Other items and amounts required to be reported separately to shareholders

(attach schedule)..............................................................................................................

32. Total dividend distributions paid from accumulated earnings and profits ................

Recapture of Tax Credits

33. Recapture of Recycling and Composting Equipment Tax Credit (attach Sch. RC-R) ..

SECTION II—Pass-through Items

1. S corporation’s Kentucky sales from Schedule A, Section I, line 1 .............................

2. S corporation’s total sales from Schedule A, Section I, line 2 .....................................

3. S corporation’s Kentucky property from Schedule A, Section I, line 5 .......................

4. S corporation’s total property from Schedule A, Section I, line 6 ...............................

5. S corporation’s Kentucky payroll from Schedule A, Section I, line 8 ..........................

6. S corporation’s total payroll from Schedule A, Section I, line 9 ..................................

7. S corporation’s Kentucky gross profits from Schedule LLET, Section A,

Column A, line 5 ..............................................................................................................

8. S corporation’s total gross profits from all sources from Schedule LLET, Section

A, Column B, line 5 .........................................................................................................

9. Limited liability entity tax (LLET) nonrefundable credit from page 1, Part II, the

total of lines 4 and 6, less $175 ......................................................................................

Form 720s - Kentucky S Corporation Income Tax And Llet Return - 2008 Page 4