Form 480.10(Sc) - Partnership Informative Income Tax Return

Form 480.10(SC) Rev. 05.13

20__

Serial Number

Liquidator:

Reviewer:

COMMONWEALTH OF PUERTO RICO

DEPARTMENT OF THE TREASURY

Field audited by:

PARTNERSHIP INFORMATIVE

AMENDED RETURN

INCOME TAX RETURN - COMPOSITE

Receipt Stamp

Date ______/ ______/ ______

TAXABLE YEAR BEGINNING ON

____________, ____ AND ENDING ON ____________, ____

Employer Identification Number

Entity’s Name

Postal Address

Industrial Code

Municipal Code

Telephone Number - Extension

Zip Code

(

)

Location of Principal Industry or Business (Number, Street, City)

Date Created

Day____/ Month____/ Year______

Place Created

Type of Principal Industry or Business

Total Forms 480.60 S

Part I

QUESTIONNAIRE

Number of intermediate pass-through entities included on this composite return ____

2. Total Schedules I (SC) included with this composite return _____

3. Did you include detail of the group’s ownership structure?

Yes

Part II

DISTRIBUTABLE SHARE PER CATEGORY

Amount

Tax Withheld

Long-term gain (or loss) on sale or exchange of capital assets .............................................................

(1)

Short-term gain (or loss) on sale or exchange of capital assets ............................................................

(2)

Gain (or loss) on sale or exchange of substantially all assets dedicated to an activity under Act

78-1993 ...............................................................................................................................

(3)

Net gain (or loss) on sale or exchange of property used in the business (Schedule D Corporation) ............

(4)

Net income (or loss) from the partnership’s trade or business ..............................................................

(5)

Net income (or loss) from partially exempt income ............................................................................

(6)

Net income (or loss) from income subject to a preferential rate ......................................................

(7)

Eligible distribution of dividends from corporations ...............................................................................

(8)

Interest income from deposits in financial institutions located in Puerto Rico ...........................................

(9)

10.

Distributable share on income, gain or loss from partnerships or special partnerships owned by the partnership

(10)

11.

Others (Submit detail) ...................................................................................................................

(11)

12.

Exempt income ...........................................................................................................................

(12)

13.

Exempt income subject to alternate basic tax ....................................................................................

(13)

14.

Adjustments for purposes of the alternate basic tax ............................................................................

(14)

15.

Adjustments for purposes of the alternative minimum tax ....................................................................

(15)

16.

Charitable contributions .................................................................................................................

(16)

17.

Volume of business .......................................................................................................................

(17)

Part III

CREDITS

Credit for investment in a Capital Investment Fund, Tourism Fund, other funds or direct investment .................................................

(1)

Credit attributable to losses in a Capital Investment Fund or other funds ...............................................................................................

(2)

Credit for tax withheld at source from Industrial Development dividends (Act No. 8 of 1987) ........................................................

(3)

Credit for the purchase of tax credits (Submit detail) ..............................................................................................................

(4)

Credit for the payment of additional duties on luxury vehicles under Act 42-2005 (See instructions) ............................................

(5)

Returning Heroes and Wounded Warriors work opportunity tax credit .......................................................................................

(6)

Other credits not included on the preceding lines ...................................................................................................................

(7)

Total Tax Credits (Add lines 1 through 7) .....................................................................................................................................

(8)

Part IV

TAXES PAID TO FOREIGN COUNTRIES AND THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS

Foreign Country, Territory or Possession of the United States

United States

Total

Name of the country, territory or possession ........................

Net income from sources within the country, territory or possession

(1)

Tax paid or accrued during the year .................................

(2)

Retention Period: Ten (10) years