Delaware Partnership Return Instructions - 2014 (Page 2 of 4) in pdf

DELAWARE PARTNERSHIP RETURN INSTRUCTIONS

DELAWARE

FORM 300-I

FOR TAX YEAR 2014

SPECIFIC INSTRUCTIONS

NATURE OF BUSINESS:

Please enter the Business code number from Federal Form 1065, Item C on page 1.

LINE A:

If the address of the partnership has changed, check the Change of Address box. Also indicate which address has

changed by checking the box for Location, Mailing and/or Billing address.

LINE D:

Every partnership must attach a complete copy of the Federal Form 1065, as filed with the Internal Revenue Service,

including all schedules other than Schedule K-1.

SCHEDULE 1:

This schedule is to be completed by all partnerships required to file in Delaware. Any partnership claiming the

pass-through of any Delaware Business Tax Credit should consult with the Bureau of Office Audit, 577-8994.

LINE 3 – If the partnership did business in Delaware and one or more other states during the year, Line 3 should be

derived by multiplying the partnerships income on line 1 times the apportionment factor calculated on Schedule 2,

Section D, Line 16, unless the partnership has maintained records of allowing for a complete separate accounting for its

items of Delaware sourced income and deductions. If the partnership did business only in Delaware, then it is not neces-

sary to complete Schedule 2, and Columns A and B will be the same.

You must attach an explanatory statement: (a) with respect to any item allocated, in whole or in part, to a source

outside Delaware; and (b) in the event a partnership conducting business in Delaware and in one or more other states

does not calculate Column B by means of the apportionment percentage method.

LINES 5 THROUGH 14 – Items connected with or derived from sources within Delaware include: (1) taxable dividends,

net gains or losses from sales of intangible personal property when Delaware is the place from which the trade or

business of the filing partnership is directed or managed provided the property is used in a trade or business of the

partnership; and (2) income derived by virtue of an activity conducted, or tangible property located, in Delaware.

SCHEDULE 2:

Partnerships with (a) income or loss derived from or connected with sources within Delaware and another State, and (b)

one or more partners who are non-residents of Delaware, must file Schedule 2.

Include in the factor on the appropriate line the partnership’s share of: a) real and tangible property owned and/or

rented; b) wages, salaries, bonuses and other compensation; c) gross receipts from the sale of tangible personal

property; and, d) gross income from other sources resulting from the partnership’s proportionate ownership as a general

or limited partner in an active partnership.

NOTE: COLUMN A RELATES TO PROPERTY AND ITEMS OF INCOME AND/OR LOSS FOR THE PARTNERSHIP

DERIVED FROM SOURCES WITHIN DELAWARE. COLUMN B RELATES TO THE TOTAL OF ALL SOURCES OF

PROPERTY AND ITEMS OF INCOME AND/OR LOSS FOR THE PARTNERSHIP.

LINE 1 – Enter the original cost value of real and tangible personal property owned and used by the partnership;

for the beginning and at the end of the taxable year.

LINE 2 – Enter the value of rented real and tangible property used by the partnership. The value is computed as eight

(8) times the annual rental cost of the property.

NOTE: REAL AND TANGIBLE PERSONAL PROPERTY OWNED BY THE UNITED STATES GOVERNMENT THAT

IS USED OR OPERATED BY THE PARTNERSHIP SHALL BE DISREGARDED.

LINE 3 - Add Lines 1 and 2.

Delaware Partnership Return Instructions - 2014 Page 2

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