Form 1065n - Nebraska Partnership Return Of Income - 2003 Page 3
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4PARTNERSHIP WITH OTHER INCOME AND DEDUCTIONS
FORM
NEBRASKA SCHEDULE II — Adjustments to Ordinary Income
1065N
nebraska
Read instructions
department
Enter amounts from Schedule K, Federal Form 1065
of revenue
Name as Shown on Form 1065N
Nebraska Identification Number
25 —
ADJUSTMENTS INCREASING ORDINARY INCOME
TOTAL
1 Net income from rental real estate activities ........................................................................................ 1
2 Net income from other rental activities ................................................................................................ 2
3 Portfolio income:
a Interest income ............................................................................................................................... 3 a
b Dividend income ............................................................................................................................. 3 b
c Royalty income ............................................................................................................................... 3 c
d Net short-term capital gain .............................................................................................................. 3 d
e Total net long-term capital gain ....................................................................................................... 3 e
f Other portfolio income ..................................................................................................................... 3 f
4 Guaranteed payments to partners ....................................................................................................... 4
5 Net gain under Section 1231 (other than casualty or theft) .................................................................. 5
6 Non-Nebraska state and local bond interest income (see instructions) ............................................... 6
7 Bonus depreciation add-back (see instructions)
Total federal bonus depreciation $ _____________ x .85 = $ ______________. Enter on line 7 ........ 7
8 Enhanced Section 179 expense deduction add-back (see instructions) Total federal Section 179
expense deduction $ _____________ – $25,000 = $______________ Enter on line 8. If less than
zero, enter zero ................................................................................................................................... 8
9 Other (attach schedule) ....................................................................................................................... 9
10 TOTAL adjustments increasing ordinary income (total of lines 1 through 9). Enter here and on
line 2, Form 1065N .............................................................................................................................. 10
ADJUSTMENTS DECREASING ORDINARY INCOME
TOTAL
11 Income from U.S. government obligations (see instructions) .............................................................. 11
12 Net loss from rental real estate activities ............................................................................................. 12
13 Net loss from other rental activities ..................................................................................................... 13
14 Portfolio loss:
a Net short-term capital loss .............................................................................................................. 14 a
b Net long-term capital loss ............................................................................................................... 14 b
c Other portfolio loss .......................................................................................................................... 14 c
15 Net loss under Section 1231 ............................................................................................................... 15
16 Other loss not included in lines 12 through 15 ..................................................................................... 16
17 Charitable contributions ....................................................................................................................... 17
18 Section 179 expense deduction .......................................................................................................... 18
19 Deductions related to portfolio income ................................................................................................ 19
20 Other (attach schedule) ....................................................................................................................... 20
21 TOTAL adjustments decreasing ordinary income (total of lines 11 through 20). Enter here and
on line 4, Form 1065N ......................................................................................................................... 21
11-2003
8-285-1974 Rev.
Supersedes 8-285-1974 Rev. 10-2002
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