Form Ia 1065 - Partnership Return Of Income

Schedule K-1 1999

Nonresident Partners Only

Partnership or Limited Liability Company Information:

Partner Information:

Name ____________________________________________

Name __________________________________________

Federal ID No. _____________________________________

SSN ___________________________________________

(b)

(c)

(d)

(a)

Federal K-1

Iowa Business

Amt. Apportionable

Partner’s Pro Rata Share Items

Amount

Activity Ratio

To Iowa

1. Ordinary income (loss) from trade or business activities ............................................... 1 ______________________________________________

2. Net income (loss) from rental real estate activities ......................................................... 2 ______________________________________________

3. Net income (loss) from other rental activities .................................................................. 3 ______________________________________________

4. Portfolio income (loss)

a) Interest .......................................................................................................................... 4a ______________________________________________

b) Dividends ...................................................................................................................... 4b ______________________________________________

c) Royalties ....................................................................................................................... 4c ______________________________________________

d) Net short-term capital gain (loss) ............................................................................... 4d ______________________________________________

e) Net long-term capital gain (loss) [line 4e(2), Federal Schedule K-1] ...................... 4e ______________________________________________

f) Other portfolio income (loss) ....................................................................................... 4f ______________________________________________

5. Guaranteed payments to partner ...................................................................................... 5 ______________________________________________

6. Net gain (loss) under section 1231 (other than due to casualty or theft) ...................... 6 ______________________________________________

7. Other income (loss) ............................................................................................................ 7 ______________________________________________

8. Charitable contributions ..................................................................................................... 8 ______________________________________________

9. Section 179 expense deduction ........................................................................................ 9 ______________________________________________

10. Deductions related to portfolio income ........................................................................... 10 ______________________________________________

11. Other deductions .............................................................................................................. 11 ______________________________________________

12. a) Interest expense on investment debts ..................................................................... 12a ______________________________________________

b) (1) Investment income included on lines 4a, 4b, 4c, and 4f above .............. 12b (1) ______________________________________________

(2) Investment expenses included on line 10 above ........................................ 12b (2) ______________________________________________

13. Credits from the credit section of Federal K-1 (attach schedule) ................................ 13 ______________________________________________

14. a) Depreciation adjustment on property placed in service after 1986 ....................... 14a ______________________________________________

b) Adjusted gain or loss ................................................................................................. 14b ______________________________________________

c) Depletion (other than oil, gas and/or geothermal) ............................................... 14c ______________________________________________

d) (1) Gross income from oil, gas, or geothermal properties ............................... 14d (1) ______________________________________________

(2) Deductions allocab l e to oil, gas, or geothermal properties ...................... 14d (2) ______________________________________________

e) Other adjustments and tax preference items (attach schedule) ............................ 14e ______________________________________________

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

Attach additional schedules if more space is needed.

_______________________________________________________________________________________________________________________

NONRESIDENT MODIFICATIONS SCHEDULE

16. Partner’s all-source modifications ............................................................................................................................................... 16 ______________

17. Iowa business activity ratio ......................................................................................................................................................... 17 ______________

18. Partner’s modifications apportionable to Iowa ........................................................................................................................... 18 ______________

IOWA NONRESIDENT K-1 INSTRUCTIONS

LINE INSTRUCTIONS

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

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

nonresident partner’s all-source modifications from column 5 Part II of the

IA 1065 are apportioned to Iowa on lines 16 through 18 of the Iowa

partnership K-1. There is no Iowa partnership K-1 for Iowa residents. A

copy of the Federal K-1 will suffice for Iowa resident partners. An Electing

Large Partnership must adapt the nonresident partner’s Iowa K-1, column

b, to report income as shown on the K-1 for Federal form 1065-B.

NOTE: State tax information may be disclosed to tax officials of another

state or to the United States for tax administration purposes.