Form 568 - Limited Liability Company Return Of Income - 1998 Page 2
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4Schedule A
Cost of Goods Sold
1 Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Purchases less cost of items withdrawn for personal use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Cost of labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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4 Additional IRC Section 263A costs. Attach schedule. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Other costs. Attach schedule. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Total. Add line 1 through line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on Schedule B, line 2 . . . . . . . . . . . . . . . . . . . .
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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)
Writedown 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 LLC? . . . . . . . . . . . .
Yes
No
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
No
Schedule B
Income and Deductions
Caution: Include only trade or business income and expenses on line 1a through line 21 below. See the instructions for more information.
1
1c
a Gross receipts or sales $
1b Less returns and allowances $
. . . .
Balance
2 Cost of goods sold (Schedule A, line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
•
3 Gross profit. Subtract line 2 from line 1c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
•
4 Ordinary income (loss) from other LLCs, partnerships and fiduciaries. Attach schedule . . . . . . . . . . .
4
Income
•
5 Net farm profit (loss). Attach federal Schedule F (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . .
5
•
6 Net gain (loss) from Schedule D-1, Part II, line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
•
7 Other income (loss). Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
•
8 Income (loss). Combine line 3 through line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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9 Salaries and wages (other than to members) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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10 Guaranteed payments to members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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11 Repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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12 Bad debts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
Deduc-
13 Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
tions
14 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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15 Deductible interest expense not claimed elsewhere on return . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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16 a Depreciation and amortization. Attach form FTB 3885L $
b Less depreciation reported on
Schedule A and elsewhere on return $
. . . . . . . . . . . . . . . . . . . . . . . .
Balance
16c
17 Depletion. Do not deduct oil and gas depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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18 Retirement plans, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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19 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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20 Other deductions. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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21 TOTAL deductions. Add line 9 through line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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22 Ordinary income (loss) from trade or business activities. Subtract line 21 from line 8 . . . . . . . . . . . .
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Schedule T
Nonconsenting Nonresident Members’ Tax Liability
Member’s name
Social security number or FEIN
Distributive share of income x tax rate
Member’s tax due
x
x
x
x
x
Total the amount of tax due. Enter the total here and on Side 1, line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Attach additional sheets if necessary.
56898209
Side 2 Form 568
1998
C1
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