Form It-4708 - Annual Composite Income Tax Return For Investors In Pass-Through Entities 2000 - State Of Ohio Page 2

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Schedule II – Income and Adjustments
Items reflected on lines 22 through 37, below, are the combined amounts from the year 2000 federal schedule K-1’s for only
those investors who are participating in the filing of this return. Please attach to this return a copy of all Year 2000 Schedule
K-1’s which this entity will issue even if the investor is not participating in the filing of this return.
22. Ordinary income (loss) from trade or business activities .............................................................. 22. ________________________
23. Net income or (loss) from rental activities other than shown on line 22, above ........................... 23. ________________________
24. Portfolio Income (loss) .................................................................................................................. 24. ________________________
a.
Interest income ...................................................................................................................... 24a. ________________________
b.
Dividends ............................................................................................................................... 24b. ________________________
c.
Royalties ................................................................................................................................ 24c. ________________________
d.
Net short-term capital gain (loss) .......................................................................................... 24d. ________________________
e.
Net long-term capital gain (loss) ............................................................................................ 24e. ________________________
f.
Other portfolio income (loss) ................................................................................................. 24f. ________________________
25. Net gain (loss) under 1231 (other than casualty or theft) ............................................................. 25. ________________________
26. a.
Other income (loss) (attach schedule) .................................................................................. 26a. ________________________
26. b.
Pass-through entity addback (see instructions) ................................................................... 26b. ________________________
27. Non-Ohio state or local government interest and dividends earned by the pass-through
entity but not included above ........................................................................................................ 27. ________________________
28. Add losses from the sale or other disposition of Ohio public obligations which have
been deducted in determining federal taxable income ................................................................. 28. ________________________
29. Total income (add lines 22 through 28; enter here and on line 1, page 1) .................................. 29.
Note:
If the sum of lines 24d and 24e result in a net loss, the net allowable loss cannot exceed the product
of $3,000 times the number of participating investors included in this return.
Schedule III – Deductions
List only those deductions which have not already been used to reduce any income items set forth in Schedule II, above.
30. Section 179 expense ..................................................................................................................... 30. ________________________
31. Other amounts separately stated on the K-1’s which are allowable deductions in arriving at
Federal adjusted gross income and the amount contributed to an Individual Development
Account (attach detailed schedule of items) ................................................................................. 31. ________________________
32. Net federal interest and dividends exempt from state taxation ..................................................... 32. ________________________
33. Exempt gains from the sale of Ohio state or local government bonds ......................................... 33. ________________________
34. Wage and salary expense not otherwise deducted because of a federal work
opportunity tax credit ..................................................................................................................... 34. ________________________
35. Interest or income included on lines 22 through 26, above, earned on Ohio
public obligations and Ohio purchase obligations ......................................................................... 35. ________________________
36. Net gain included on lines 22 through 26, above, resulting from the sale, exchange
or other disposition of Ohio public obligations ............................................................................... 36. ________________________
37. Total deductions (add lines 30 through 36; enter here and on line 2, page 1) .............................. 37.

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