Schedule O-Pte (Form 41a720s-O) - Other Additions And Subtractions To/from Federal Ordinary Income

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SCHEDULE O-PTE
Taxable Year Ending
41A720S-O (11-13)
*1300010301*
__ __ / __ __
Commonwealth of Kentucky
DEPARTMENT OF REVENUE
Mo.
Yr.
O
A
S
THER
DDITIONS AND
UBTRACTIONS
F
T
/F
I
O
ROM
EDERAL ORDINARY
NCOME
➤ Attach to Form 720S, 765 or 765-GP.
Name of Pass-through Entity
Federal Identification Number
Kentucky Corporation/LLET Account Number
__ __ __ __ __ __
__ __
__ __ __ __ __ __ __
PART I—ADDITIONS TO FEDERAL ORDINARY INCOME (FORM 720S, 765 OR 765-GP, PART I, LINE 5)
1. Loss from Form 4797 found on federal Form 1120S, line 4 or federal Form 1065, line 6 .........
1
00
2. Gain from Kentucky Form 4797, line 17 ........................................................................................
2
00
3. Federal allowable depletion from Form 1120S, line 15 or Form 1065, line 17...........................
3
00
4. Enter additions to federal taxable income from Kentucky Schedule(s) K-1 ...............................
4
00
5. Internal Revenue Code amendments made after December 31, 2006 .......................................
5
00
6. Other additions (attach explanation) .............................................................................................
6
00
7. Total of lines 1 through 6 (enter on Form 720S, 765 or 765-GP, Part I, line 5) ...........................
7
00
PART II—SUBTRACTIONS FROM FEDERAL ORDINARY INCOME (FORM 720S, 765 OR 765-GP, PART I, LINE 9)
1. Gain from Form 4797 found on federal Form 1120S, line 4 or federal Form 1065, line 6.........
1
00
2. Loss from Kentucky Form 4797, line 17 ........................................................................................
2
00
3. Kentucky allowable depletion ........................................................................................................
3
00
4. Amounts received from Tobacco Master Settlement Agreement, Phase II Settlement ...........
4
00
5. Amounts received from funds of the Commodity Credit Corporation for the Tobacco
Loss Assistance Program ...............................................................................................................
5
00
6. Amounts received as a result of a tobacco quota buydown program .......................................
6
00
7. State Phase II payments received by a producer of tobacco or a tobacco quota owner ..........
7
00
8. Enter subtractions from federal taxable income from Kentucky Schedule(s) K-1 .....................
8
00
9. Internal Revenue Code amendments made after December 31, 2006 .......................................
9
00
10. Other subtractions (attach explanation) ........................................................................................ 10
00
11. Total of lines 1 through 10 (enter on Form 720S, 765 or 765-GP, Part I, line 9) ......................... 11
00
Schedule O-PTE is used by an S corporation filing Kentucky Form 720S or a partnership filing Kentucky Form 765
or 765-GP to show other additions to and other subtractions from federal ordinary income.
Part I—ADDITIONS TO FEDERAL ORDINARY INCOME
Line 5—Kentucky’s Internal Revenue Code reference
date is December 31, 2006. Enter the addition to federal
Line 1—Enter the federal loss from federal Form 1120S,
ordinary income equal to the excess of Kentucky income
Line 4 or federal Form 1065, Line 6. If the loss from Form
over federal income resulting from amendments to the
4797, Line 17 is the same for both federal and Kentucky,
Internal Revenue Code (excluding amendments affecting
do not make an entry on this line.
depreciation and the IRC §179 deduction)subsequent to
December 31, 2006. Attach a schedule to the tax return
Line 2—Enter the Kentucky gain from Kentucky Form
showing the detail of the addition, including the related
4797, Line 17. If the gain from Form 4797, Line 17 is the
Internal Revenue Code section(s).
same for both federal and Kentucky, do not make an
entry on this line.
Line 6—Enter any other additions to federal income not
reported on Lines 1 through 5, and attach an explanation
Line 3—Enter federal allowable depletion from federal
to the tax return.
Form 1120S, Line 15 or federal Form 1065, Line 17. Do
not deduct depletion for oil and gas properties as each
Line 7—Enter the total of Lines 1 through 6 (enter on
partner, member or shareholder figures depletion on
Form 720S, 765 or 765-GP, Part I, Line 5).
oil and gas properties. If the depletion is the same for
both federal and Kentucky, do not make an entry on
Part II—SUBTRACTIONS FROM FEDERAL ORDINARY
this line.
INCOME
Line 4—Enter the difference of the Kentucky distributive
Line 1—Enter the federal gain from federal Form 1120S,
share income amounts from Kentucky Schedule(s) K-1
Line 4 or federal Form 1065, Line 6. If the gain from Form
in excess of federal distributive share amounts from
4797, Line 17 is the same for both federal and Kentucky,
federal Schedule(s) K-1.
do not make an entry on this line.

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