Form K-120ex - Kansas Expensing Deduction Schedule - 2013
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4K-120EX
2013
156013
(Rev. 8/13)
KANSAS EXPENSING DEDUCTION SCHEDULE
DO NOT STAPLE
2 0 1 3
For the taxable year beginning ____ ___ ___ ___ ___ ___ ___ ___ ; ending ____ ___ ___ ___ ___ ___ ___ ___
Name of taxpayer
Social Security Number or Employer's Identification Number (EIN)
If partner, shareholder or member, enter name of partnership, S corporation, LLC or LLP
Employer's Identification Number (EIN)
PART A - COMPUTATION OF EXPENSING FOR THIS ENTITY
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1. Expensing deduction for this entity (from PART B, line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Recapture amount (from PART C, line 12). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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3. Net expensing deduction/recapture (subtract line 2 from line 1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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4. Ownership Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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5. Expensing deduction/recapture (multiply line 3 by line 4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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K-40 filers: Stop here and enter the recapture amount on your Kansas Schedule S (see instructions).
K-41 filers: Stop here and enter the recapture amount in Part I of Form K-41 (see instructions).
K-120S filers: See instructions.
K-120 filers: See instructions.
6. Kansas net income for this entity (enter the sum of lines 15 and 16 from Form K-120 or K-121; cannot be less
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than zero). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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7. Expensing deduction remaining (subtract line 6 from line 5; cannot be less than zero) . . . . . . . . . . . . . . . . . . .
8. Expensing deduction used against Kansas net income of other entities in the combined group. If more space
is needed, enclose separate schedule.
(a)
(b)
(c)
ENTITY NAME
ENTITY EIN
AMOUNT USED
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Amount used by other entities this year (total the amounts in column (c) and enter result). . . . . . . . . . . . . . . . .
9. Total expensing deduction used this year (add line 8 to either line 5 or line 6, whichever is less). Enter result
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here and on line 18 of Form K-120 or K-121. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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10. Expensing deduction to use as a net operating loss of this entity next tax year (subtract line 8 from line 7). . . .
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