Form S-1065 - City Of Saginaw Income Tax Partnership Return - 2004 Page 2

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ALLOCABLE PARTNERSHIP INCOME-SCHEDULE A
1. ORDINARY INCOME (OR LOSS) from Page 1, Line 22, U. S. Partnership Return of Income, Form 1065 (Attach Page 1 Fed 1065 & SchK)
$
2. Add partners' salaries, interest, rental income and cost incurred in connection with the production of income exempt from Saginaw income
3. Add City of Saginaw income tax, if deducted in determining income on Federal Form 1065
4. Less: Section 179 depreciation
5. Total adjusted ordinary business income (Add Lines 1, 2 & 3 and subtract line 4 )
NON-BUSINESS INCOME AND EXCLUSIONS-SCHEDULE B
ATTACH COPY OF FEDERAL
Federal Form
Column I
Column II
Column III
Column IV
Column V
SCHEDULE K (1065)
1065 Reference
Non-Business
Resident
Resident
Non-Resident
Non-Resident
Income
Partners' Share
Partners'
Partners' Share
Partners'
ATTACH SCHEDULES TO EXPLAIN ALL
of Column I
Exclusions
of Column I
Exclusions
EXCLUSIONS
INTEREST AND DIVIDENDS
Sch. K, Line 4a
$
$
$
$
$
6 Interest Income
Sch. K, Line 4b
7 Dividend Income
SALE OR EXCHANGE OF PROPERTY (SEE INSTRUCTIONS)
8. Net short term capital gain (loss)
Sch. K, Line 4d
9. Net long term capital gain (loss)
Sch. K, Line 4e
Sch. K, Line 6
10 Net Section 1231 gain (loss)
RENTS AND ROYALTIES (IF NONBUSINESS INCOME INCLUDES
RENTAL REAL ESTATE, ATTACH COPY OF FEDERAL FORM 8825)
Sch. K, Line 2
11. Net Income (loss) from rental real estate
12. Net Income (loss) from other rental activities
Sch. K, Line 3c
13. Royalty Income
Sch. K, Line 4c
14. Other Income
Sch. K, Line 7
$
$
$
$
$
TOTALS (Add Lines 6 thru 14)
Note: All partners exclude interest from governmental obligations and income, gains and losses prior to July 1, 1965. In addition, non-resident partners exclude all other
dividends, interest and non-taxable income form activities outside the City.
DISTRIBUTION TO PARTNERS-SCHEDULE C
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
Allocable Income
Allocation % Apply
Allocated Income
Memo Allocation
Non-Business
Non-Business
Adjusted
(Schedule A,
only to Non-
(Column 1
Exclusion (Column
Taxable Income
Taxable Income
Partnership
Residents (Enter
x
1 - Column 3) (To
Residents (Schd.
Non-
Income (Columns
Line 5)
100% for
Column 2)
Sch.C, S-1040)
B, Col. II - III)
Residents (Sch B,
3 + 5 +6)
Residents)
Col. IV - V)
A
$
%
$
$
$
$
$
B
%
C
%
D
%
E
%
$
TOTALS
$
$
$
$
$
Business Allocation Formula-Schedule D
I
II
III
Percentage (II ÷ I)
(To be used by Non-Resident Partners Only)
Located
Located in Saginaw
Everywhere
15. Average net book value of real and tangible personal property, including inventories
$
$
a. Gross annual rentals multiplied by 8
b. Total (Line 15 + Line 15a)
%
16. Total wages , salaries, commissions and other compensation of all employees (exclude partners)
%
17. Gross receipts from sales made or services rendered
%
18. Total Percentages -Column III, Lines 15b + 16 + 17 (compute percentages for lines 15b, 16 and 17)
%
19. Average percentage (one-third of Line 18)-enter here and on Sch. C, Column 2 (see NOTE)
%
NOTE: IF A FACTOR ABOVE DOES NOT EXIST, SEE INSTRUCTIONS.
In the case of a taxpayer authorized by the Administrator to use one of the special formulas, use the lines provided below.
a. Numerator
c. Percentage (a - b)
enter here and on Schedule D, Line 18, Column III
b. Denominator
d. Date of Administrator's letter
2

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