Form Bi-472 - S Corporation Schedule - Vermont - 1998 Page 2

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DEPARTMENT OF TAXES, Montpelier, Vermont 05609-1401
(802) 828-5723
1998 VERMONT
S Corporation Schedule
PRINT in BLUE or BLACK INK
Vermont Business Account Number
Business/Entity Name
Place an “X” in the box to indicate a loss amount.
1.
From Form 1120S, Schedule K, add Lines 1, 2, 3c, 4a, 4b, 4c, 4d, 4e(2), 4f, 5b, & 6.
Attach complete copy of Federal Form 1120S and and Non-resident Schedules K-1
1.
. . . . . . . . . . . . . . . . . . . . . .
2.
ADD
(a) Interest on non-Vermont state and local obligations
. . . . . . . . . . . . . . . . . .
2a.
3.
SUBTRACT (a) Interest on U.S. government obligations
3a.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) Targeted Job Credit salary and wage expense addback . . . . . . . . . . . . .
3b.
(c) SUBTOTAL, Lines 3a + 3b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3c.
4.
TOTAL INCOME (Add Lines 1 and 2a. Subtract Line 3c)
4.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
Net Income Allocated and Apportioned to Vermont (Line 4 above or if not 100%,
VT amount from Form BA-402, Line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
Indicate each nonresident shareholder’s share of Line 5 on Side 2.
1
Form BI-472

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