Schedule O - Nonoperational Activity Packet For Taxable Years Ending On Or After July 31, 2007 Page 6

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Schedule O - Part I
Computation of Nonoperational Activity Elimination
(7-07, R-6)
Column A
Column B
Column C
FEDERAL
NONOPERATIONAL
OPERATIONAL
1. Gross receipts ________________________________
Less returns and allowances_____________________
1.
1.
1.
2. Cost of goods sold and/or operations
2.
2.
2.
3. Gross Profit - Subtract Line 2 from Line 1.
3.
3.
3.
4. Dividends
4.
4.
4.
5. Interest
5.
5.
5.
6. Gross Rents
6.
6.
6.
7. Gross Royalties
7.
7.
7.
8. Net Capital Gain (attach Federal Schedule D)
8.
8.
8.
9. Net Gain or (Loss) (attach Federal Form 4797)
9.
9.
9.
10. Other Income (attach schedule)
10.
10.
10.
11. TOTAL INCOME - Add Lines 3 through 10
11.
11.
11.
12. Compensation of Officers (Schedule F-1)
12.
12.
12.
13. Salaries and Wages ___________________________
Less Jobs Credit ______________________________
13.
13.
13.
14. Repairs
14.
14.
14.
15. Bad Debts
15.
15.
15.
16. Rents
16.
16.
16.
17. Taxes (Schedule H)
17.
17.
17.
18. Interest
18.
18.
18.
19. Contributions
19.
19.
19.
20a. Depreciation (attach Federal Form 4562)
20a.
20a.
20a.
20b. Less: Depreciation claimed elsewhere
20b.
20b.
20b.
21. Depletion
21.
21.
21.
22. Advertising
22.
22.
22.
23. Pension, Profit-sharing plans, etc.
23.
23.
23.
24. Employee benefit programs
24.
24.
24.
25. Domestic production activities deduction (CBT-100 only) 25.
25.
25.
26. Other deductions (attach schedule)
26.
26.
26.
27. TOTAL DEDUCTIONS - Add Lines 12 through 26
27.
27.
27.
28. Taxable Income before Net Operating Loss and
Special Deductions (Line 11 Less Line 27)
28.
28.
28.
29a. Interest from Federal, State, Municipal and other obligations not included in Line 11 29a.
29a.
29b. Expenses from Income in Line 29 above
29b.
29b.
30a. Column B - Net Nonoperational Income (Line 28 plus Line 29(a) minus Line 29(b))
Enter total here and on Page 1, Line 4(a) of the CBT-100.
30a.
30b. Column C - Net Operational Income (Line 28 plus Line 29(a) minus Line 29(b))
30b.
31. Less: Operational Capital Losses no longer offset by a Nonoperational Capital
Gain (See Instruction 3(e))
31. (
)
32. Net Statutory Adjustments in Nonoperational Activity (See Instruction 3(f))
32.
33. Other adjustments. Attach Rider (See Instruction 3(g))
33.
34. Net Effect of Current Period Nonoperational Activity (Combine lines 30(a), 31, 32
and 33). Enter total on Form CBT-100S, Schedule K or Schedule K Liquidated,
Part III, Line 1a.
34.
35. Recapture of Prior Period Nonoperational Expenses (See Instruction 3(i))
35.
36. Adjustment required to eliminate effect of Nonoperational Activity (Line 34 plus 35).
Carry to Schedule A, Line 33(c) of Form CBT-100 or Line 37(b) of Form CBT-100S.
36.

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