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Rev. 04.13

Schedule D Corporation and Partnership - Page 2

Part IV

Summary of Capital Gains and Losses

Column A

Column B

Column C

Gains or Losses

Under Special

Short - Term

Long - Term

Legislation

12.

Enter the gains determined on lines 6, 10 and 11 in the corresponding Column ........................

(12)

13.

Enter the losses determined on lines 6,10 and 11 in the corresponding Column ......................

(13)

14.

If any of Columns B and C reflect a loss on line 13, apply the total to the gain in the other Column

(See instructions) ..................................................................................................................................................

(14)

15.

Subtract line 14 from line 12. If any Column reflected a loss on line 13, enter zero here ........................................

(15)

16.

Apply the loss from line 13, Column A proportionally to the gains in Columns B and C

(See instructions) ..................................................................................................................................................

(16)

17.

Subtract line 16 from line 15 ..................................................................................................................................

(17)

18.

Add the total of Columns B and C, line 17. However, if line 12 does not reflect any gain in Columns B and C, you must enter the total amount

of line 13, Columns A, B and C ...........................................................................................................................................................

(18)

19.

Net capital gain (or loss) (Add line 12, Column A and line 18) ……...............................................................................................……

(19)

20.

Enter excess of net short-term capital gain over net long-term capital loss (See instructions) …....................................................…….

(20)

21.

Enter excess of net long-term capital gain over net short-term capital loss (See instructions) ….............................................................

(21)

22.

Net capital gain (Add lines 20 and 21. Enter here and on Form 480.20, Part IV, line 9 or on the appropriate line of other returns) .......

(22)

Part V

Determination of Alternative Tax - Capital Gain and Other Income Subject to Preferential Rates under the Code

{

(a) Form 480.20, Part II, line 5

23.

Net income ..............

(b) Others - Enter the amount from the appropriate line of the return ................................................................

(23)

24.

Enter the amount from line 17, Column B .............................................................................................................................................

(24)

25.

Enter the amount from line 17, Column C .............................................................................................................................................

(25)

26.

Interest subject to preferential rate …….………….........................................................................................………………………….…

(26)

27.

Other income subject to preferential rate ……………………....................................................................................................…………

(27)

28.

Net income for purposes of alternative tax - capital gain and other income subject to preferential rates (Subtract lines 24 through 27 from line 23)

(28)

COMPUTATION OF NET INCOME TO DETERMINE ALTERNATIVE TAX

Net income for purposes of partial normal tax (Enter the amount from line 28) ......................................................................................

29.

(29)

Less: Credit for purposes of surtax (From the appropriate line of the return) (Check here if from Form AS 2652.1

) ........................

30.

(30)

Net income subject to partial surtax ......................................................................................................................................................

31.

(31)

COMPUTATION OF ALTERNATIVE TAX AND OTHER INCOME SUBJECT TO PREFERENTIAL RATES

32.

Partial normal tax (Multiply line 28 by 20%) .......................................................................................................................................

(32)

33.

Surtax (Net income subject to 5%

) ................................................................................................................

(33)

34.

Total tax (Add lines 32 and 33) ............................................................................................................................................................

(34)

35.

Plus: 15% of the amount on line 24 .....................................................................................................................................................

(35)

36.

Plus: 10% of the amount on line 26 ......................................................................................................................................................

(36)

37.

Plus: _____% (under special legislation) of the amount on line 25 (Enter the applicable percent) ........................................................

(37)

38.

Plus: _____% of the amount on line 27................................................................................................................................................

(38)

39.

Alternative Tax - Capital gains and other income subject to preferential rates (Add lines 34 through 38. Enter the total here and transfer

to Form 480.20, Part III, line 11 or to the appropriate line of other returns) ...............................................................................

(39)

Part VI

Determination of Tax at Preferential Rates under Special Acts

Tax on distributable share of net income subject to preferential rates from partnerships and special partnerships (See instructions)

40.

(Net income $

x Tax rate _____% ) ..............................................................................................................

(40)

Tax on net income subject to the 4% tax rate from the operations of an international financial entity that operates as a banking unit

41.

(Net income subject to 4% $

x Tax rate 4% ) ……..........................................................................................

(41)

Total tax at preferential rates under special acts (Add lines 40 and 41. Enter here and transfer to Form 480.20, Part III, line 18) ...................

42.

(42)

Part VII

Gains (or Losses) from Property Other than Capital Assets

(A)

(B)

(C)

(D)

(E)

(F)

Date

Description and Location of Property

Sale Price

Adjusted Basis

Selling Expenses

Gain or Loss

Acquired

Sold

43.

Net gain (or loss) from property other than capital assets (Enter here and on Form 480.20, Part IV,

line 10 or on the appropriate line of other returns) .................................................................................................................................

(43)

Retention Period: Ten (10) years