S CORPORATION WITH OTHER INCOME AND DEDUCTIONS
FORM
NEBRASKA SCHEDULE II — Adjustments to Ordinary Income
1120-SN
nebraska
• Read instructions
department
• Enter amounts from Schedule K, Federal Form 1120S
of revenue
Name as Shown on Form 1120-SN
Nebraska Identification Number
24 —
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 Net long-term capital gain................................................................................................................ 3 e
f Other portfolio income ..................................................................................................................... 3 f
4 Net gain under Section 1231 (other than casualty or theft) ................................................................. 4
5 Non-Nebraska state and local bond interest and dividend income (see instructions) ......................... 5
6 Bonus depreciation add-back (see instructions)
Total federal bonus depreciation $ _____________ x .85 = $_____________. Enter on line 6 .......... 6
7 Enhanced Section 179 expense deduction add-back (see instructions) Total federal Section 179
expense deduction $ _____________ – $25,000 = $______________ Enter on line 7. If less than
zero, enter zero .................................................................................................................................... 7
8 Other income (attach schedule)........................................................................................................... 8
9 TOTAL adjustments increasing ordinary income (total of lines 1 through 8). Enter here and on
line 2, Form 1120-SN........................................................................................................................... 9
ADJUSTMENTS DECREASING ORDINARY INCOME
TOTAL
10 Income from U.S. government obligations (see instructions) ............................................................... 10
11 Net loss from rental real estate activities ............................................................................................. 11
12 Net loss from other rental activities...................................................................................................... 12
13 Portfolio loss:
a Net short-term capital loss............................................................................................................... 13 a
b Net long-term capital loss ................................................................................................................ 13 b
c Other portfolio loss .......................................................................................................................... 13 c
14 Net loss under Section 1231................................................................................................................ 14
15 Other loss not included in lines 11 through 14..................................................................................... 15
16 Charitable contributions ....................................................................................................................... 16
17 Section 179 expense deduction ........................................................................................................... 17
18 Other deductions (attach schedule) ..................................................................................................... 18
19 TOTAL adjustments decreasing ordinary income (total of lines 10 through 18). Enter here and
on line 4, Form 1120-SN...................................................................................................................... 19
11-2005
8-289-1974 Rev.
Supersedes 8-289-1974 Rev. 11-2003