Form It 4708 - Composite Income Tax Return For Certain Investors In A Pass-Through Entity - 2013 Page 3

Download a blank fillable Form It 4708 - Composite Income Tax Return For Certain Investors In A Pass-Through Entity - 2013 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form It 4708 - Composite Income Tax Return For Certain Investors In A Pass-Through Entity - 2013 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

IT 4708
Rev. 9/13
2013
Composite Income Tax
13160306
Return for Certain
FEIN
Investors in a
Pass-Through Entity
SCHEDULE II – INCOME AND ADJUSTMENTS...cont.
If the amount below is negative, type a negative sign (“–”) before the fi gure.
00
.
31. Net income or (loss) from rental activities other than amount shown on line 27
.........................31.
32. Portfolio income (loss). See note below.
.
00
a. Interest income
..........................................................................................................................32a.
.
00
..................................................................................................................................32b.
b. Dividends
.
00
...................................................................................................................................32c.
c. Royalties
00
.
d. Net short-term capital gain (loss)
..............................................................................................32d.
e. Net long-term capital gain (loss). Exclude from this line any capital loss carryforward
amount. Note: If the sum of lines 32d and 32e results in a net loss, the net allowable
loss for the sum of these two lines cannot exceed the product of $3,000 and the
.
00
...........................................................32e.
number of participating investors included in this return
.
00
......................................................................................................32f.
f. Other portfolio income (loss)
.
00
33. Net gain (loss) under I.R.C. 1231
................................................................................................33.
34. Add
2/3,
5/6 or
6/6 (check applicable amount) of the I.R.C. 168(k) bonus
depreciation and
2/3,
5/6 or
6/6 (check applicable amount) of the qualifying
I.R.C. 179 depreciation and miscellaneous federal tax adjustments (see instructions).
00
.
Attach a separate schedule showing calculations
.......................................................................34.
00
.
35. Other income (loss). Attach schedule (see instructions)
.............................................................35.
00
.
36. Pass-through entity add-back (see instructions)
.........................................................................36.
37. Non-Ohio state or local government interest and dividends earned by the pass-
.
00
through entity but not included above
.........................................................................................37.
00
.
38. Add state and local income taxes deducted in arriving at income
..............................................38.
39. Add losses from the sale or other disposition of Ohio public obligations if such losses
00
.
.......................................................39.
have been deducted in determining federal taxable income
00
.
40. Total income (add lines 27 through 39; enter here and on page 1, line 1)
..................................40.
SCHEDULE III – DEDUCTIONS
List only those deductions that have not already been used to reduce any income items set forth in Schedule II.
00
.
41. I.R.C. 179 expense not deducted in calculating line 27
...................................................................... 41.
42. Deduct
1/2,
1/5 or
1/6 (check applicable amount) of the depreciation adjustments
added back on each of the last two, fi ve or six years’ returns. Attach a separate schedule
00
.
.......................................................................................................................... 42.
showing calculations
.
00
43. Net federal interest and dividends exempt from state taxation
.......................................................... 43.
44. Other separately stated K-1 amounts that are allowable as deductions in arriving at federal
adjusted gross income and amounts contributed to individual development accounts (attach
00
.
................................................................................................................. 44.
detailed schedule of items)
00
.
45. Exempt gains from the sale of Ohio state or local government bonds
............................................... 45.
46. Wage and salary expense not otherwise deducted because of a federal work opportunity
00
.
............................................................................................................................................. 46.
tax credit
47. Interest or income earned on Ohio public obligations and Ohio purchase obligations if such
00
.
.......................................................................... 47.
interest or income is included on any of lines 27-35
48. Net gain included in line 40 resulting from the sale, exchange or other disposition of Ohio public
00
.
obligations (do not enter amounts shown on line 45)
......................................................................... 48.
00
.
49. Total deductions (add lines 41-48; enter here and on page 1, line 2)
................................................ 49.
2013 IT 4708
2013 IT 4708
pg. 3 of 7

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 8