Form 565 - Partnership Return Of Income - 2012 Page 2
ADVERTISEMENT
1
2
3
4Schedule A Cost of Goods Sold
00
1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
00
2 Purchases less cost of items withdrawn for personal use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
00
3 Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
00
4 Additional IRC Section 263A costs. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
00
5 Other costs. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
00
6 Total. Add line 1 through line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
00
7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
00
8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on Side 1, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 a Check all methods used for valuing closing inventory:
(1)
Cost
(2)
Lower of cost or market as described in Treas. Reg. Section 1.471-4
(3)
Write down of “subnormal” goods as
described in Treas. Reg. Section 1.471-2(c)
(4)
Other. Specify method used and attach explanation ___________________________
b Check this box if the LIFO inventory method was adopted this taxable year for any goods. If checked, attach federal Form 970 . . . . . . . .
c Do the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the partnership? . . . . . . . . . . . . . .
Yes
No
d Was there any change (other than for IRC Section 263A purposes) in determining quantities, cost, or valuations between opening
and closing inventory? If “Yes,” attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
J What type of entity is filing this return? Check one only:
I
I
1
General partnership
2
LP required to pay annual tax (is doing business in CA, is registered with SOS, or is organized in CA)
I
3
LP, LLC, or other entity NOT required to pay annual tax (is not doing business in CA, is not registered with SOS, and is not organized in CA)
I
I
I
4
REMIC
5
LLP
6
Other (See instructions)__________________________________________
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K Enter the maximum number of partners in this partnership at any time during the year. Attach a CA Sch. K-1 (565) for each partner. . . . .
I
Yes
No
L Is any partner of the partnership related (as defined in IRC Section 267(c)(4)) to any other partner? . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I
Yes
No
M Is any partner of the partnership a trust for the benefit of any person related (as defined in IRC Section 267(c)(4)) to any other partner? . . . . .
I
Yes
No
N Are any partners in this partnership also partnerships or LLCs? If “Yes,” complete Schedule K-1, Table 3 for each. . . . . . . . . . . . . . . . . . .
Yes
No
O Does the partnership meet all the requirements shown in the instructions for Question O? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I
Yes
No
P Is this partnership a partner in another partnership or LLC? If “Yes,” complete Schedule EO, Part I. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I
Yes
No
Q Was there a distribution of property or transfer (for example by sale or death) of a partnership interest during the taxable year?. . . . . . . .
If “Yes,” see the federal instructions concerning an election to adjust the basis of the partnership’s assets under IRC Section 754
Yes
No
R Is this partnership a publicly traded partnership as defined in IRC Section 469(k)(2)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I
Yes
No
S Is this partnership under audit by the IRS or has it been audited in a prior year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T (1) During this taxable year, did another person or legal entity acquire control or majority ownership (more than a 50% interest) of this
partnership or any legal entity in which the partnership holds a controlling or majority interest that owned California real property
(i.e., land, buildings), leased such property for a term of 35 years or more, or leased such property from a government agency for
I
Yes
No
any term? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) During this taxable year, did this partnership acquire control or majority ownership (more than a 50% interest) in another legal entity
that owned California real property (i.e., land, buildings), leased such property for a term of 35 years or more, or leased such property
I
Yes
No
from a government agency for any term? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) During this taxable year, has more than 50% of the partnership’s ownership interests cumulatively transferred in one or more
transactions after an interest in California real property (i.e., land, buildings) was transferred to it that was excluded from property
I
Yes
No
tax reassessment under Revenue and Taxation Code section 62(a)(2) and it was not reported on a previous year’s tax return? . . . . .
(Yes requires filing of statement, penalties may apply – see instructions.)
I
Yes
No
U (1) Does the partnership have any foreign (non U.S.) nonresident partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I
Yes
No
(2) Does the partnership have any domestic (non-foreign) nonresident partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I
Yes
No
(3) Were Form 592, Form 592-A, Form 592-B, and Form 592-F filed for these partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I
Yes
No
V Is this an investment partnership? See General Information, Investment Partnerships, in the instructions. . . . . . . . . . . . . . . . . . . . . . . . . .
I
Yes
No
W Is the partnership apportioning income to California using Schedule R?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I
Yes
No
X Has the partnership included a Reportable Transaction or Listed Transaction within this return? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(See instructions for definitions.) If “Yes,” complete and attach federal Form 8886 for each transaction
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Y Did this partnership file the Federal Schedule M-3 (Form 1065)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
I
Z Is this partnership a direct owner of an entity that filed a federal Schedule M-3? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
I
AA Does this partnership have a beneficial interest in a trust or is it a grantor of a trust? Attach name, address, and FEIN. . . . . . . . . . . . . . . .
Yes
No
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BB Does this partnership own an interest in a business entity disregarded for tax purposes? If “Yes,” complete Schedule EO, Part II. . . . . . .
Yes
No
I
CC (1) Is the partnership deferring any income from the disposition of assets? (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
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(2) If “Yes,” enter the year of asset disposition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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I
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Other
DD Is the partnership reporting previously deferred income from: . . . . . . . . .
Installment Sale
IRC §1031
IRC §1033
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Yes
No
EE (1) Did this partnership generate a New Jobs Credit? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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(2) If “Yes,” enter the generated amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Side 2 Form 565
2012
C1
3662123
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