Form 725 Draft - Kentucky Single Member Llc Individually Owned Income And Llet Return - 2017
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4725
K
S
M
LLC
ENTUCKY
INGLE
EMBER
*1700010270*
2017
I
O
I
NDIVIDUALLY
WNED
NCOME
LLET R
AND
ETURN
Commonwealth of Kentucky
Department of Revenue
Taxable period beginning _______________ , 201 ____ , and ending _______________ , 201 ____ .
ä See instructions.
A
D
C
Federal Identification
Kentucky Corporation/LLET
LLET
__ __ – __ __ __ __ __ __ __
__ __ __ __ __ __
Account Number (Required)
Number
Nonfiling Status Code
Enter Code
Taxable Year Ending
Name of LLC
Change of Name
/
M
M
Y
Y
_____ _____
State and Date of Organization
Number and Street
Principal Business Activity in KY
NAICS Code Number in KY
City
State
ZIP Code
Telephone Number
B
Income Tax Return
(See )
Nonfiling Status Code
Enter Code
E
Initial return
Final return (Complete Part IV)
Check if applicable:
Change of accounting period
Short-period return (Complete Part IV)
Qualified investment pass-through entity
Amended return (Complete Part V)
_____ _____
F
Kentucky Resident
Non-Resident
Is Single Member a...
If non-resident, LLC must file Form 740NP-WH
PART I—KENTUCKY NET DISTRIBUTABLE INCOME
PART II—LLET COMPUTATION
1. Ordinary income (loss) ..................
1
00
1. Schedule L, Section D, line 1 (Page 4)
1
00
2. Tax credit recapture .......................
2
00
2. Net income (loss) from rental real
3. Total (add lines 1 and 2) ................
3
00
estate activities ...............................
2
00
4. Nonrefundable LLET credit from
3. Net income (loss) from other
Kentucky Schedule(s) K-1 ..............
4
00
rental activities ...............................
3
00
5. Nonrefundable tax credits (attach
Schedule TCS) .................................
5
00
4. Interest income ..............................
4
00
6. LLET liability (greater of line 3
5. Dividend income ............................
5
00
less lines 4 and 5 or $175
00
6. Royalty income ..............................
6
minimum) .......................................
6
00
7. Net short-term and long-term
7. Estimated tax payments
¨ Check if Form 2220-K attached ...
7
00
capital gain (loss). If net (loss),
8. Certified rehabilitation tax credit ..
8
00
do not include more than
9. Film industry tax credit ..................
9
00
($3,000) ...........................................
7
00
10. Extension payment ........................
10
00
§
8
00
8. IRC
1231 net gain (loss) ...............
11. Prior year’s tax credit .....................
11
00
12. LLET paid on original return .........
12
00
9
9. Other income (attach schedule) ......
00
13. LLET overpayment on original
10. Other deductions (attach schedule)
10
00
return ..............................................
13
00
11. Total net distributable income
14. LLET due (lines 6 and 13 less lines
11
00
(lines 1 through 9 less line 10) ......
7 through 12) ..................................
14
00
15. LLET overpayment (lines 7
12. Enter 100% or the apportionment
through 12 less lines 6 and 13) .....
15
00
fraction from Schedule A, Part I,
16. Credited to 2017 Interest ...............
16
00
line 12 (attach schedule) .................
12
%
17. Credited to 2017 Penalty ................
17
00
18. Credited to 2018 LLET ....................
18
00
19. Amount to be refunded .................
19
00
TAX PAYMENT SUMMARY
OFFICIAL USE ONLY
(Round to nearest dollar)
P
W
LLET
2
.00
1. LLET due (Part II, line 14)
$_____________________________
0
4
.00
2. Interest
$_____________________________
V
.00
3. Penalty
$_____________________________
A
L
.00
4. Total Payment
$_____________________________
#
41A725 (22JUN17-DRAFT)
Page 1 of 4
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