Schedule Ct-1040ba - Nonresident Business Apportionment - Connecticut Department Of Revenue - 2014 Page 3
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3the average value of real property rented to others or sold,
the taxable year in connection with business operations carried
exchanged, or otherwise disposed of during the taxable year.
on both in and outside of Connecticut. Enter in Column B the
Enter in Column B the average value of real property owned
amount paid in connection with business operations carried on in
by the business and located in Connecticut. Do not include in
Connecticut. The compensation paid for services is in connection
Column B the average value of Connecticut real property rented
with operations carried on in Connecticut if the employee works
to others or sold, exchanged, or otherwise disposed of during
in or travels out of an offi ce or other place of business located
the taxable year. Real property includes assets of a fi xed nature,
in Connecticut.
such as buildings and land.
Divide Column B by Column A. Carry the result to four decimal
The average value of property is determined by adding its fair
places and enter it as a percentage in Column C. For example,
market value at the beginning and at the end of the taxable year
.6667 is entered as 66.67%.
and dividing the result by two.
Line 6 - Gross Income Percentage
Enter in Column A the total gross receipts from sales of property
Line 2 - Real Property Rented From Others
or services made or charges for services performed by the
Enter the value of all real property rented from others in
proprietor or by an employee, agent, agency, or independent
Column A and the value of Connecticut real property rented from
contractor of the business in and outside of Connecticut.
others in Column B.
Enter in Column B:
The value of real property rented by the business and included
in Line 2 generally is eight times the gross rent payable during
1.
The portion of total gross receipts from sales of property
the taxable year for which the return is fi led. Gross rent includes:
or charges which represent sales of property made in
Connecticut. For taxable years beginning on or after
1. Any amount payable for the use or possession of real
January 1, 2014, the gross receipts from sales of property
property, or any part of it, whether designated as a fi xed sum
are considered to be earned within Connecticut when
of money or as a percentage of sales, profi ts, or otherwise;
the property is delivered to or shipped to a purchaser
2. Any amount payable as additional rent or in lieu of rent,
within Connecticut, regardless of the F.O.B. point or other
such as interest, taxes, insurance, repairs, or any other
conditions of sale.
amount required to be paid by the terms of a lease or other
2.
The portion of total gross receipts or charges for services
agreement; and
performed, by the proprietor or by an employee, agent,
3. A proportion of the cost of any improvement to real property
agency, or independent contractor situated at, connected
made by or on behalf of the business which reverts to
with, or sent out from, offi ces or branches of the business,
the owner or lessor upon termination of a lease or other
trade, profession or occupation, or other agencies or
arrangement. However, if a building is erected on leased land
locations situated with Connecticut.
by or on behalf of the business, the value of the building is
determined in the same manner as if it were owned by the
Divide Column B by Column A. Carry the result to four decimal
business.
places and enter it as a percentage in Column C. For example,
.6667 is entered as 66.67%.
Line 3 - Tangible Personal Property Owned or Rented
From Others
Line 7 - Total of Percentages
Enter in Column A the average value of all tangible personal
Add Lines 4, 5, and 6 in Column C and enter the total.
property owned by the business and the value of all tangible
Line 8 - Business Apportionment Percentage
personal property rented from others by the business. Enter
Divide Line 7 by three or by the actual number of percentages if
in Column B the average value of tangible personal property
less than three. Do not divide by three if you have entered zero
located in Connecticut that is owned by the business and the
in Column A for Lines 4, 5, or 6. Divide by the actual number
value of tangible personal property located in Connecticut that is
of lines where you have entered an amount other than zero in
rented from others by the business. If tangible personal property
is rented from others by the business, its value is determined by
Column A. Carry the result to four decimal places and enter the
multiplying the gross rents payable during the taxable year by
result as a percentage.
eight. If tangible personal property is owned by the business,
Each item of business income (loss) reported on federal
its average value is determined by adding its book value at the
Form 1040, which is required by these instructions to be apportioned,
beginning and at the end of the taxable year and dividing the
is multiplied by the percentage on Line 8. Nonresidents enter
result by two.
the apportioned amounts on the proper lines of Schedule CT-SI.
Part-year residents enter the apportioned amounts on the proper
Line 4 - Property Percentage
lines of Schedule CT-1040AW, Column D.
Add Lines 1, 2, and 3 in Column A and Column B and enter the
result.
Do not apply the business apportionment percentage to income
from the rental of real property or gains or losses from the sale
Divide Column B by Column A. Carry the result to four decimal
of real property. The entire rental income from Connecticut real
places and enter it as a percentage in Column C. For example,
property or gain from the sale of the property is allocated to
.6667 is entered as 66.67%.
Connecticut and the entire amount of any loss from the sale
Line 5 - Payroll Percentage
is allocated to Connecticut. Rental income from real property
Enter wages, salaries, and other personal service compensation
located outside Connecticut or any gain or loss from the sale
paid only to employees of the business. Do not include payments
of this property is allocated out of state.
to independent contractors, independent sales agents, etc. Enter
in Column A the total compensation paid to employees during
CT-1040BA (Rev.
)
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