Form 480.60 Se - Informative Return Special Partnership - Partner'S Distributable Share On Income, Losses And Credits

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Serial Number
Form 480.60 SE
Commonwealth of Puerto Rico
DEPARTMENT OF THE TREASURY
Rev. 05.13
INFORMATIVE RETURN
SPECIAL PARTNERSHIP
20__
Partner's Distributable Share
on Income, Losses and Credits
Taxable year beginning on __________ ,20____ and ending on __________ ,20____
OPTION 94
Partner's Name and Address
Social Security Number
AMENDED
Type of Industry
Employer Identification Number
Partnership's Name and Address
Part I
PARTNER'S INFORMATION
A .
Managing Partner
D .
G. Indicate if the Partnership elected the
Share percentage on:
exemption under the following acts:
Losses
%)
Limited Partner
(
Gains
%)
(
Unlimited Partner
Act No. 52 of 1983
B .
TYPE:
E .
Portion of current debts from the Special Partnership
Act No. 47 of 1987
assumed by the partners.
Act 78-1993
Individual
Act 225-1995
Guaranteed:
________________________
Partnership
Act 74-2010
Non guaranteed:
________________________
Corporation
Act 83-2010
Debts attributable to partners of the Special Partnership
F .
Act 132-2010
C .
STATUS:
under Act 78-1993 and Act No. 52 of 1983.
H. Special partnership's merchant registration
Resident
Guaranteed: ______________________________
number: ____________________
Non resident
FOR PARTNER’S USE
CHECK HERE
Election to apply Section 1114.06(b) of the Internal Revenue Code for a New Puerto Rico, as amended. (Option to treat certain items as ordinary
income (or loss)). $______________________________ (See instructions)
Part II
ANALYSIS OF PARTNER’S CAPITAL ACCOUNT
(a)
(c)
(e)
(b)
(d)
Capital contributions made
Other increases to basis
Partner’s distributable share on the gain or loss from the Special
Withdrawals and
Other decreases to basis
during the year
Partnership
distributions
(1)
(2)
Part III
DISTRIBUTABLE SHARE PER CATEGORY
Tax
Amount
Withheld
1.
Net long-term gain (or loss) on sale or exchange of capital assets
00
(Schedule D Corporation) .........................................................................................................................
(1)
02
00
2.
Net short-term gain (or loss) on sale or exchange of capital assets (Schedule D Corporation) .............................
(2)
3.
Net gain (or loss) on sale or exchange of substantially all assets dedicated to an activity under Act 78-1993 (Schedule
00
D Corporation) .......................................................................................................................................
(3)
00
00
4.
Net gain (or loss) on sale or exchange of property used in the business (Schedule D Corporation) .......................
(4)
00
00
5.
Net income (or loss) from the partnership’s trade or business (See instructions) ...............................................
(5)
00
00
a) Share of the net income attributable to services rendered by the partners ...............
(5a)
00
00
b) Remaining net income (or loss) (Subtract line 5(a) from line 5) ..............................
(5b)
00
00
6.
Net income (or loss) from partially exempt income (See instructions) ..............................................................
(6)
00
00
7.
Net income (or loss) from income subject to a preferential rate .......................................................................
(7)
00
00
8.
Eligible distribution of dividends from corporations (See instructions) ...............................................................
(8)
00
00
9.
Interest income from deposits in financial institutions (See instructions) .............................................................
(9)
10.
Distributable share on income, gain or loss from a partnership or special partnership owned by the special partnership
00
00
(See instructions) ...................................................................................................................................
(10)
00
00
11.
Others (Submit detail) ..............................................................................................................................
(11)
00
12.
Exempt income (Schedule IE Individual) ..................................................................................................
(12)
00
13.
Exempt income subject to alternate basic tax (Schedule IE Individual) ...........................................................
(13)
00
14.
Adjustment for purposes of the alternate basic tax (See instructions) ...............................................................
(14)
00
15.
Adjustment for purposes of the alternative minimum tax (See instructions) .......................................................
(15)
00
16.
Volume of business (See instructions) .......................................................................................................
(16)
Part IV
NONRESIDENT ALIEN PARTNERS
1. Distributable share in the partnership’s net income .......................................................................................
00
00
(1)
Part V
CREDITS
00
1.
Credit for investment in a Capital Investment Fund, other funds or direct investments ............................................................................
(1)
00
2.
Credit attributable to losses in a Capital Investment Fund or other funds ...............................................................................................
(2)
00
3.
Credit for tax withheld at source from Industrial Development dividends (Act No. 8 of 1987) ....................................................................
(3)
00
4.
Credit for the purchase of tax credits (Submit detail) ..........................................................................................................................
(4)
00
5.
Credit for the payment of additional duties on luxury vehicles under Act 42-2005 (See instructions) ...........................................................
(5)
00
6.
Returning Heroes and Wounded Warriors work opportunity tax credit (Schedule B4 Flow-through Entity) ....................................................
(6)
00
7.
Other credits not included on the preceding lines (Submit detail) (See instructions) ..................................................................................
(7)
00
8.
Total Tax Credits (Add lines 1 through 7) .........................................................................................................................................
(8)
Retention Period: Ten (10) years

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