Form 41a765(I) - 2013 Kentucky Partnership Income And Llet Return

Name and Address—Print or type the name of the partnership

PART I—ORDINARY INCOME (LOSS) COMPUTATION

as set forth in the Articles of Organization. For the address,

include the suite, room or other unit number after the street

Line 1—Enter the amount from federal Form 1065, Line 22,

address. If the U.S. Postal Service does not deliver mail to the

ordinary business income (loss) from trade or business activities.

street address and the partnership has a P.O. Box, show the

Attach Form 1065, all pages.

box number instead of the street address.

Additions to Federal Ordinary Income—Lines 2 through 5

Telephone Number—Enter the business telephone number of

itemize additional income or unallowed deductions which are

the partner or member signing the return.

differences between federal ordinary income and Kentucky

ordinary income.

Kentucky Secretary of State Organization Number—Enter the

Line 2—Enter state taxes measured in whole or in part by

partnership’s Organization Number with the Kentucky Secretary

gross or net income. “State” means any state of the United

of State. To find the partnership’s organization number, go to

States, the District of Columbia, the Commonwealth of Puerto

and click on Search Businesses under Online

Rico, any territory or possession of the United States or any

Business Services. This is NOT the same number as the Kentucky

foreign country or political subdivision thereof. Attach a

Corporation/LLET Account Number in Section A of Form 765.

schedule reflecting the total taxes deducted on Form 1065.

KRS 141.010(11)(d)

State and Date of Organization—Enter the entity’s state and

date of organization.

Line 3—See instructions on page 3 regarding depreciation and

Section 179 deduction differences, and if applicable, include

Principal Business Activity in Kentucky—Enter the entity’s

the depreciation amount from Line 16a of Form 1065 (do not

principal business activity in Kentucky.

include the Section 179 deduction). If federal Form 4562 is

required to be filed for federal income tax purposes, a copy

North American Industrial Classification System (NAICS)—

must be attached.

Enter your six-digit NAICS code. To view a complete listing of

Line 4—Enter related party cost additions from Schedule RPC,

NAICS codes, visit the United States Census Bureau at www.

Part II, Section B, Line 1.

census.gov.

Line 5—Enter the amount from Schedule O–PTE, Part I, Line 7.

Item E—Check the applicable boxes:

Line 6—Enter the total of Lines 1 through 5.

(a) LLC—Check this box if the partnership is organized as a

limited liability company (LLC).

Subtractions from Federal Ordinary Income—Lines 7 through

9 itemize additional deductions allowed which are differences

(b) LP—Check this box if the partnership is organized as a

between federal ordinary income and Kentucky ordinary

limited partnership (LP).

income.

Line 7—Enter the amount of the work opportunity credit reflected

limited liability partnership (LLP).

on federal Form 5884. For Kentucky purposes, the partnership

may deduct the total amount of salaries and wages paid or

(d) Qualified Investment Pass-through Entity—Check this box

incurred for the taxable year. This adjustment does not apply

if the partnership is a qualified investment pass–through

for other federal tax credits.

entity as provided by KRS 141.206(15)(a).

(e) Initial Return—Check this box if this is the partnership’s

Line 8—Enter Kentucky depreciation (do not include Section 179

first time filing a partnership return in Kentucky. Complete

deduction). See instructions on page 3 regarding depreciation

questions 1, 2 and 3 on Schedule Q–Kentucky Partnership

and Section 179 deduction differences, and if applicable,

Questionnaire.

Kentucky converted Form 4562 must be attached.

(f)

Final Return—This is the partnership’s final Kentucky tax

Line 9—Enter the amount from Schedule O-PTE, Part II, Line

return. Check the appropriate box in Part III – Explanation

11.

of Final Return and/or Short-Period Return.

Line 10—Subtract Lines 7, 8 and 9 from Line 6.

(g) Change of Name—Check this box if the partnership has

changed its name.

PART II—LLET COMPUTATION

(h) Change of Address—Check this box if the partnership has

changed its address.

Line 1—Enter the amount from Schedule LLET, Section D, Line

1. A partnership must use Schedule LLET(K), Limited Liability

(i)

Short-period Return—This return is for a period of less than

Entity Tax (For a Limited Liability Pass-through Entity with

one year and not an initial return or final return. Check the

Economic Development Project(s)), if the partnership has one or

appropriate box in Part III – Explanation of Final Return and/

more projects under the Kentucky Rural Economic Development

or Short-Period Return.

Act (KREDA), Kentucky Industrial Development Act (KIDA),

Kentucky Economic Opportunity Zone Act (KEOZ), Kentucky

(j)

Change of Accounting Period—Check this box if the

Jobs Retention Agreement (KJRA), Kentuck y Industrial

partnership has changed its accounting period. Attach

Revitalization Act (KIRA), Kentucky Jobs Development Act

a statement to the tax return showing the partnership’s

(KJDA), Kentucky Business Investment Program (KBI), Kentucky

taxable year end before the change and its new taxable

Reinvestment Act (KRA), Incentives for Energy Independence

year end. If the partnership received written approval from

Act (IEIA) or Farming Operation Networking Project (FON).

the Internal Revenue Service to change its taxable year,

attach a copy of the letter.

Line 2—Enter the recycling /composting equipment LLET

credit recapture amount from Schedule RC–R, Line 12. Attach

(k) Amended Return—This is an amended tax return. Provide

Schedule RC–R, Recycling or Composting Equipment Tax

an explanation of all changes in Part IV – Explanation of

Credit Recapture.

Amended Return Changes.

Line 3—Enter the total of Lines 1 and 2.

Item F—Enter the number of partners (Attach K–1s).

Form 41a765(I) - 2013 Kentucky Partnership Income And Llet Return - 2013 Page 8

Related Articles

Related forms

Related Categories