Form 5458 - City Of Detroit Income Tax Partnership Return - 2016 Page 3

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5458, Page 3

Partnership feIN

SChEDulE C — INCOME FROM PARTNERShIP

A. Partnership Name (print or type)

B. Reported for the Year ending (MM-DD-YYYY)

C. Principal Business Activity

D. Business location (Street Address)

City

State

ZIP/Postal Code

Country Code

e. Telephone Number

f. Name of Person in Charge of Records

ORDINARY INCOME FROM BuSINESS

1. Gross receipts .................................................................................................................................................

2. Allowances, rebates and returns .....................................................................................................................

3. Subtract line 2 from line 1 ................................................................................................................................

4. Inventory at beginning of year. (If different from the prior year’s closing inventory, include explanation) ........

5. Merchandise purchased ..................................................................................................................................

6. Items withdrawn from business for personal use ............................................................................................

7. Subtract line 6 from line 5 ................................................................................................................................

8. Cost of labor (do not include amounts paid to partners)..................................................................................

9. Materials and supplies .....................................................................................................................................

10. other costs (include summary)........................................................................................................................

10.

11. Add lines 4, and lines 7 through 10 .................................................................................................................

11.

12. Inventory at end of year ...................................................................................................................................

12.

13. Cost of goods sold. Subtract line 12 from line 11 ............................................................................................

13.

14. Gross profit. Subtract line 13 from line 3 .........................................................................................................

14.

15. Miscellaneous income (do not include any item included on lines 29 through 39) ..........................................

15.

16. Total income. Add line 14 and line 15 ..............................................................................................................

16.

OThER BuSINESS DEDuCTIONS

17. Salaries and wages not included on line 8. (exclude any payments to partners) ...........................................

17.

18. Payments to partners — salaries and interest — enter here and on Schedule e, column 4

..........................

18.

19. Rent on business property...............................................................................................................................

19.

20.

osses on business property (include statement listing items and location) ...................................................

20.

21. Depreciation ....................................................................................................................................................

21.

22. Taxes ...............................................................................................................................................................

22.

23. other business expenses (include statement) ................................................................................................

23.

24. Add line 17 through line 23 ..............................................................................................................................

24.

25. ordinary income from business. Subtract line 24 from line 16 ........................................................................

25.

26.

City of Detroit and Michigan income tax if included in line 22 above...............................................................

26.

27. Interest and other costs included in line 24 which were incurred in connection with the production of tax

exempt income or partners personal expenses which were charged to the business ....................................

27.

28. Total adjusted ordinary income from business for the year.

Add lines 25, 26 and 27. enter here and on

Schedule e, column 1......................................................................................................................................

28.

OThER PARTNERShIP INCOME OR lOSS

(Taxable or nontaxable depending on residency or partners)

NOTE: Amounts on lines 33 through 36 should agree with amount reported on federal partnership form 1065, Schedule D.

29. Dividends .........................................................................................................................................................

29.

30. Interest.............................................................................................................................................................

30.

31. Add line 29 and line 30 ....................................................................................................................................

31.

32. Income (or loss) from other partnership(s) and other income .........................................................................

32.

33. Net gain (or loss) from sale or exchange of property other than capital assets ..............................................

33.

34. Net short-term gain (loss) ................................................................................................................................

34.

35. Net long-term gain (loss) .................................................................................................................................

35.

36. Net gain (or loss) from sale or exchange of property under Section 1231 ......................................................

36.

37. Rent .................................................................................................................................................................

37.

38. Royalties ..........................................................................................................................................................

38.

39. Add line 37 and line 38 ....................................................................................................................................

39.

40. Total partnership income to account for in this return. Add line 28, lines 31 through 36, and line 39 ..............

40.

Continue on Page 4.