Schedule R1 Corporation - Partnerships And Special Partnerships (Complementary) printable pdf download

PARTNERSHIPS AND SPECIAL PARTNERSHIPS

Schedule R1 Corporation

20__

(COMPLEMENTARY)

Rev. 04.13

Taxable year beginning on _________________, _____ and ending on ________________, _____

Taxpayer's Name

Employer Identification Number

Part I

Adjusted Basis Determination of a Partner in one or more Special Partnerships

Partnerships

Column A

Column B

Column C

Name of entity ..............................................................................................................................................................................

Employer identification number .....................................................................................................................................................

Adjusted basis at the end of the previous taxable year .........................................................................................................

(1)

Basis increase:

(a)

Partner's distributable share on income and profits claimed on previous year (See instructions) ..................................

(2a)

(b)

Contributions made during the year .............................................................................................................................

(2b)

Special partnership's capital assets gain .......................................................................................................................

(c)

(2c)

(d)

Exempt income ............................................................................................................................................................

(2d)

(e)

Farming income deduction granted by Section 1033.12 of the Code ............................................................................

(2e)

Other income or gains (See instructions) ......................................................................................................................

(f)

(2f)

(g)

Total basis increase (Add lines 2(a) through 2(f)) ........................................................................................................

(2g)

Basis decrease:

(a)

Partner's distributable share on partnership's loss claimed on previous year ...............................................................

(3a)

(b)

Special partnership's capital assets loss .......................................................................................................................

(3b)

(c)

Distributions during the year ........................................................................................................................................

(3c)

(d)

Credits claimed on the preceding year (See instructions) ...............................................................................................

(3d)

(e)

Withholding at source during the year ..........................................................................................................................

(3e)

(f)

No admissible expenses for the year ..........................................................................................................................

(3f)

(g)

Distributable share on losses from exempt operations during the year .........................................................................

(3g)

(h)

Donations (Do not apply to special partnerships) .......................................................................................................

(3h)

(i)

Total basis decrease (Add lines 3(a) through 3(h)) ......................................................................................................

(3i)

Adjusted Basis (Add lines 1 and 2(g) less line 3(i). Transfer this amount to line 6(a)) ......................................................

(4)

Part II

Determination of Net Income Loss in one or more Special Partnerships

(a)

Partner's distributable share on partnership's loss for the year .....................................................................................

(5a)

(b)

Loss carryover from previous years (See instructions) ................................................................................................

(5b)

(c)

Total losses (Add lines 5(a) and 5(b)) ..........................................................................................................................

(5c)

(a)

Adjusted Basis (Part I, line 4) .......................................................................................................................................

(6a)

(b)

Partnership's debts under Tourism Incentives Act or Tourism Development Act attributable to partner (See instructions) .....

(6b)

(c)

Total partner's adjusted basis (Add lines 6(a) and 6(b)) ...............................................................................................

(6c)

Distributable share on partnership's net income for the year (Form 480.60 S or 480.60 SE) (See instructions) .....................

(7)

Excess of net income (or loss) on distributable share (Subtract line 5(c) from line 7) ...........................................................

(8)

If line 8 for all Columns is zero or more than zero, do not complete line 9 and transfer the sum of these amounts to

line 10)

If line 8 is less than zero for any of the Columns, continue with line 9.

Available losses (The smaller of line 6(c) or 8) ...................................................................................................................

(9)

10.

Total income (Add the income determined on line 8, Columns A through C. Transfer to Schedule R Corporation, Part II, line 11) ................................................................................

(10)

11.

Total losses (Add the losses determined on line 9, Columns A through C. Transfer to Schedule R Corporation, Part II, line 13) ..................................................................................

(11)

Retention Period: Ten (10) years

Schedule R1 Corporation - Partnerships And Special Partnerships (Complementary)

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