Schedule O - Computation Of Nonoperational Activity Elimination Page 3
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1
2
3Schedule O - Part III
Computation of Tax Due on Nonoperational Activity
(7/06, R-5)
ACTIVITY
ACTIVITY
TOTAL
____________________
_____________________
1. Gross receipts ________________________________
Less returns and allowances_____________________
1.
1.
1.
2. Cost of goods sold and/or operations
2.
2.
2.
3. Gross Profit - Subtract Line 2 from Line 1.
3.
3.
3.
4. Dividends
4.
4.
4.
5. Interest
5.
5.
5.
6. Gross Rents
6.
6.
6.
7. Gross Royalties
7.
7.
7.
8. Net Capital Gain (attach Federal Schedule D)
8.
8.
8.
9. Net Gain or (Loss) (attach Federal Form 4797)
9.
9.
9.
10. Other Income (attach schedule)
10.
10.
10.
11. TOTAL INCOME - Add Lines 3 through 10
11.
11.
11.
12. Compensation of Officers (Schedule F-1)
12.
12.
12.
13. Salaries and Wages ___________________________
Less Jobs Credit______________________________
13.
13.
13.
14. Repairs
14.
14.
14.
15. Bad Debts
15.
15.
15.
16. Rents
16.
16.
16.
17. Taxes (Schedule H)
17.
17.
17.
18. Interest
18.
18.
18.
19. Contributions
19.
19.
19.
20a. Depreciation (attach Federal Form 4562)
20a.
20a.
20a.
20b. Less: Depreciation claimed elsewhere
20b.
20b.
20b.
21. Depletion
21.
21.
21.
22. Advertising
22.
22.
22.
23. Pension, Profit-sharing plans, etc.
23.
23.
23.
24. Employee benefit programs
24.
24.
24.
25. Domestic production activities deduction (CBT-100 only) 25.
25.
25.
26. Other deductions (attach schedule)
26.
26.
26.
27. TOTAL DEDUCTIONS - Add Lines 12 through 26
27.
27.
27.
28. Net Nonoperational Income before Net Operating Loss
and Special Deductions (Line 11 minus Line 27)
28.
28.
28.
29a. Interest from Federal, State, Municipal and other
obligations not included above
29a.
29a.
29a.
29b. Expenses from Income in Line 29(a) and not
included in Line 28 above
29b.
29b.
29b.
30. Net Current Years Nonoperational Income (Line 28
plus Line 29(a) minus Line 29(b))
30.
30.
30.
31. NEW JERSEY’S TAXABLE PORTION - attach
schedule of computation (See Instruction 5). Carry
total to Line 4(b) of Form CBT-100 or CBT-100S.
31.
31.
31.
32. Listing of states where Nonoperational Income is being assigned:
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