Form Ct-1065 - Connecticut Partnership Income Tax Return And Instructions - 2003 Page 15
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16Line 8 - Expense Deduction for Property Under
Line 6 - Net Gain (Loss) Under I.R.C. §1231
I.R.C. §179
Enter the Connecticut portion of the amount of each
partner's distributive share of gain (loss) under
Enter the Connecticut portion of the amount of each
I.R.C. §1231.
partner's distributive share allowed as a deduction for
federal purposes under I.R.C. §179.
If the amount relates to rental (real) property located in
Connecticut, the gain (loss) is 100% sourced to
Unless the partnership maintains books and records
Connecticut.
that satisfactorily disclose the portion of income, gain,
loss, or deduction derived from or connected with
If the amount relates to a trade or business activity, unless
Connecticut sources, the amount of the I.R.C. §179
the partnership maintains books and records that
deduction to be entered is calculated by multiplying
satisfactorily disclose the portion of income, gain, loss,
the amount of the partner's share of such deduction
or deduction derived from or connected with Connecticut
from federal Form 1065, Schedule K-1, by the
sources, such gain (loss) is calculated by multiplying
apportionment fraction on Schedule B, Line 8.
the amount of the partner's distributive share of such
gain (loss) under I.R.C. §1231, from federal
Line 9 - Other Deductions
Form 1065, Schedule K-1, by the apportionment
Enter the Connecticut portion of the amount of each
fraction on Schedule B, Line 8.
partner’s distributive share of other deductions that
If the amount relates to a trade or business activity and
are not deducted in arriving at ordinary income (loss)
the individual is a limited partner, the gain (loss) under
from trade or business activities and that are separately
I.R.C. §1231 is a passive activity amount.
stated on the federal Schedule K-1.
Line 7 - Other Income (Loss)
Unless the partnership maintains books and records
that satisfactorily disclose the portion of income, gain,
Enter the Connecticut portion of the amount of a partner's
loss, or deduction derived from or connected with
distributive share of other items of income, gain, or loss
Connecticut sources, the amount to be entered is
that are not included on Lines 1 through 6.
calculated by multiplying the amount of the partner's
Unless the partnership maintains books and records
distributive share of such items from federal
that satisfactorily disclose the portion of income, gain,
Form 1065, Schedule K-1, by the apportionment
loss, or deduction derived from or connected with
fraction on Schedule B, Line 8.
Connecticut sources, the amount to be entered is
calculated by multiplying the amount of the partner’s
distributive share of such items from federal
Form 1065, Schedule K-1, by the apportionment
fraction on Schedule B, Line 8.
Page 15
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