PARTNERSHIP 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)
7
Total federal bonus depreciation $ _____________ x .85 = $ ______________. Enter on line 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 Other (attach schedule) ...................................................................................................................... 19
20 TOTAL adjustments decreasing ordinary income (total of lines 11 through 19). Enter here and
on line 4, Form 1065N ........................................................................................................................ 20
11-2005
8-285-1974 Rev.
Supersedes 8-285-1974 Rev. 11-2004