California Form 565 - Partnership Return Of Income

Schedule A Cost of Goods Sold

1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Purchases less cost of items withdrawn for personal use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Additional IRC Section 263A costs. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Other costs. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Total. Add line 1 through line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on Side 1, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 a Check all methods used for valuing closing inventory:

(1)

Cost

(2)

Lower of cost or market as described in Treas. Reg. Section 1.471-4

(3)

Write down of “subnormal” goods as

described in Treas. Reg. Section 1.471-2(c)

(4)

Other. Specify method used and attach explanation ___________________________

b Check this box if the LIFO inventory method was adopted this taxable year for any goods. If checked, attach federal Form 970 . . . . . .

c Do the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the partnership? . . . . . . . . . . . .

Yes

d Was there any change (other than for IRC Section 263A purposes) in determining quantities, cost, or valuations between opening

and closing inventory? If “Yes,” attach explanation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Yes No

J J J J J Enter the maximum number of partners in this partnership

T Type of entity. Check only one “Yes” box for Question T

at any time during the year (Be sure to attach a California

(1) General partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Schedule K-1 (565) for each partner). . . . . . . . . . . . . . . . . .

(2) Limited partnership that:

Yes No

K Is any partner of the partnership related by blood or

• Is doing business in California;

marriage to any other partner? . . . . . . . . . . . . . . . . . . . . . .

• Is registered with SOS; or

L Is any partner of the partnership a trust for the benefit of any

• Is organized in California . . . . . . . . . . . . . . . . . . . . . . . .

person related by blood or marriage to any other partner? .

(3) Limited partnership that is filing to report California source

M Are any partners in this partnership also partnerships or LLCs?

income, but:

N Does the partnership meet all the requirements shown

• Is not doing business in California;

in the instructions for Question N? . . . . . . . . . . . . . . . . . . . . .

• Is not registered with SOS; or

O Is this partnership a partner or a partner in another

• Is not organized in California . . . . . . . . . . . . . . . . . . . . .

partnership or LLC? If “Yes,” attach a statement with the

(4) REMIC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

name(s) and FEIN(s) of each entity. . . . . . . . . . . . . . . . . . . . . .

(5) LLP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

P Was there a distribution of property or a transfer (for example

(6) Other (See instructions.) __________________________

by sale or death) of a partnership interest during the taxable

______________________________________________

year? If “Yes,” see the federal instructions concerning an

______________________________________________

election to adjust the basis of the partnership’s assets under

U (1) Does the partnership have any foreign nonresident

IRC Section 754. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Q Is this partnership a publicly traded partnership as defined

(2) Does the partnership have any nonresident partners? . . . .

in IRC Section 469(k)(2)? . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) Were Form 592, Form 592-A, and Form 592-B filed

R Is this partnership under audit by the IRS or has it

for these partners? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

been audited in a prior year? . . . . . . . . . . . . . . . . . . . . . . . . . .

V Is this an investment partnership? (See instructions) . . . . . . .

S Did this partnership or its subsidiary(ies) have a transfer or

W Is the partnership apportioning income to California using

acquisition of more than 50% in control or ownership?

Schedule R? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(See Instructions-Penalties May Apply) . . . . . . . . . . . . . . . .

X Is the partnership required to complete federal Form 8271?

If “Yes,” see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Side 2 Form 565

1999

56599209

California Form 565 - Partnership Return Of Income - 1999 Page 2

Related Articles

Related forms

Related Categories