Form Ia 1065 - Schedule K-1 - Nonresident Partners Only - 2008

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Iowa Department of Revenue

2008 Schedule K-1

Nonresident Partners Only

Partnership or Limited Liability Company Information:

Partner Information:

Name ____________________________________________

Name __________________________________________

Federal ID No. _____________________________________

Partner’s SSN or Federal ID ________________________

(b)

(c)

(d)

(a)

Federal K-1

Iowa Business

Amt.

Partner’s Pro Rata Share Items

Amount

Activity Ratio

Apportionable

To Iowa

1. Ordinary business income (loss) ............................................................................... 1 __________________________________________

2. Net rental real estate income (loss) ........................................................................... 2 __________________________________________

3. Other net rental income (loss) .................................................................................... 3 __________________________________________

4. Guaranteed payments ................................................................................................ 4 __________________________________________

5. Interest income ........................................................................................................... 5 __________________________________________

6. Dividends (line 6a, federal Schedule K-1) ................................................................. 6 __________________________________________

7. Royalties ..................................................................................................................... 7 __________________________________________

8. Net short-term capital gain (loss) ............................................................................... 8 __________________________________________

9. Net long-term capital gain (loss) (line 9a, federal Schedule K-1) ............................. 9 __________________________________________

10. Net section 1231 gain (loss) .................................................................................... 10 __________________________________________

11. Other income (loss) .................................................................................................. 11 __________________________________________

12. Section 179 deduction ............................................................................................. 12 __________________________________________

13. Other deductions ...................................................................................................... 13 __________________________________________

14. Credits from the credit section of federal K-1 (attach schedule) ............................ 14 __________________________________________

15. a) Post-1986 depreciation adjustment ................................................................... 15a __________________________________________

b) Adjusted gain or loss .......................................................................................... 15b __________________________________________

c) Depletion (other than oil and gas) .................................................................... 15c __________________________________________

d) Gross income from oil, gas, and geothermal properties ................................... 15d __________________________________________

e) Deductions allocab le to oil, gas, and geothermal properties ........................... 15e __________________________________________

f) Other adjustments and tax preference items (attach schedule) ........................ 15f __________________________________________

16. Enter any supplemental information that is required to be reported separately to each partner for filing with federal form 1065 K-1.

You may also enter the amount of any Iowa withholding on this line. Attach additional schedules if more space is needed.

_________________________________________________________________________________________________________________

NONRESIDENT MODIFICATIONS SCHEDUL

17. Partner’s all-source modifications .................................................................................................................................... 17 _____________

18. Iowa business activity ratio .............................................................................................................................................. 18 _____________

19. Partner’s modifications apportionable to Iowa ................................................................................................................ 19 _____________

IOWA NONRESIDENT K-1 INSTRUCTIONS

LINE INSTRUCTIONS

This schedule apportions the nonresident partner’s K-1 items to Iowa

Column b, lines 1 through 15(f): Enter the same amounts as shown on your

federal K-1.

with the apportioned amounts appearing in column d of the form. The

Column c, lines 1 through 15(f): Enter the Iowa single factor business activity

Iowa Business Activity Ratio (column c) must be applied equally

ratio that you have calculated on a separate worksheet. Iowa uses a single factor

to each line item in column b; no method of “separate accounting”

business activity ratio based on the ratio of Iowa sales or gross receipts to total

is allowed. The nonresident partner’s all-source modifications from