Form 60 - North Dakota S Corporation Income Tax Bokklet - 2012 Page 10
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298
member limited liability company (LLC) and
Column 6 Worksheet
is treated as a disregarded entity for federal
For nonresident individual shareholders only—
income tax purposes, enter the owner’s name,
see instructions to Schedule KS, Column 6.
address, and identifying number.
1. Shareholder’s amount from Column 5 ................................... 1 _________________
Column 3
2. Allocable income (less related expenses) included in the
Identify the entity type of the shareholder by
amount on line 1 ................................................................ 2 _________________
entering the applicable code letter as follows:
3. Interest from U.S. obligations included in the amount on line 1 3 _________________
Entity type
Code letter
4. Add lines 2 and 3 ............................................................... 4 _________________
Individual ................................ I
5. Apportionable income (loss). Subtract line 4 from line 1 .......... 5 _________________
Trust ........................................T
6. Apportionment factor from Schedule FACT, line 14 .................. 6 __.__ __ __ __ __ __
Decedent’s estate .....................D
7. Multiply line 5 by line 6 ....................................................... 7 _________________
Bankruptcy estate ....................B
8. Income (less related expenses) reportable to North Dakota 8 _________________
Exempt organization ...............O
9. Add lines 7 and 8. Enter result in Column 6........................... 9 _________________
If the shareholder is a limited liability
company (LLC) that is disregarded as
a separate entity for federal income tax
purposes, enter the code letter for the type of
Nonresident Individual
See “Withholding from nonresident
entity of the LLC’s owner.
Shareholders Only
individual shareholders” on page 2 for more
Note: The “Trust” entity type only applies
(Columns 6 through 8)
information.
to a trust that fi les Federal Form 1041, or,
Column 8
in lieu of fi ling Federal Form 1041, elects
Column 6
Nonresident individual only
Nonresident individual only
an alternative reporting method under the
Complete Column 8 for each nonresident
federal income tax regulations.
Complete Column 6 for each nonresident
individual shareholder who elected to be
individual shareholder. Multiply the
Column 4
included in a composite return fi led by
shareholder’s amount in Column 5 by the
Enter the shareholder’s stock ownership
the corporation. Multiply the nonresident
apportionment factor from Schedule FACT,
percentage as shown on the shareholder’s
individual shareholder’s amount in Column 6
line 14, and enter the result in Column 6.
Federal Schedule K-1.
by 3.99% (.0399) and enter the result in
However, complete the Column 6 Worksheet
Column 8. If the amount in Column 6 is
on this page to calculate the amount to enter
Column 5
zero or less, enter zero in Column 8. See
in Column 6 if either or both of the following
Enter the sum of the following items from
“Composite fi ling method” on page 3 for
apply:
the shareholder’s Federal Schedule K-1
more information.
(Form 1120S), Part III:
• The corporation has an item of
nonbusiness income subject to allocation.
Box 1
Ordinary business income (loss)
Specifi c line
See the instructions to North Dakota
Box 2
Net rental real estate income (loss)
Schedule K, line 18, on page 7 for more
Box 3
Other net rental income (loss)
instructions for
information.
Box 4
Interest income
page 1 of Form 60,
Box 5a Ordinary dividends
• The amount in Column 5 includes interest
Box 6
Royalties
from U.S. obligations.
lines 1-11
Box 7
Net short-term capital gain (loss)
Box 8a Net long-term capital gain (loss)
Column 7
Nonresident individual only
Box 9
Net section 1231 gain (loss)
Complete Schedule FACT,
Schedule BG, Schedule K, and
Box 10 Other income (loss)
If the shareholder is a nonresident individual,
Schedule KS before completing
Box 11 Section 179 deduction
and if the amount in Column 6 is $1,000 or
lines 1 through 11 on page 1 of
Box 12 Other deductions (Only include the
more, multiply the amount in Column 6 by
Form 60.
deductions allowed as a deduction
3.99% (.0399) and enter the result in Column
from gross income in calculating
7. However, the following exceptions apply:
Line 5
adjusted gross income for federal
Estimated tax payments
• If the nonresident individual shareholder
income tax purposes.)
Enter the amount paid with the 2012
completed a Form PWA, enter the amount
Box 17 Include the gain (loss) from I.R.C.
Form 60-EXT and 2012 Form 60-ES plus
from line 6 of Form PWA in Column 7,
Section 179 property disposition
any overpayment to apply from the 2011
and mark the circle under “Form PWA.”
(For purposes of calculating the
return. However, if this is an amended
gain or loss, include all of the
• If the nonresident individual shareholder
return, do not enter the amount paid with the
Section 179 deduction passed
elected to be included in a composite
2012 Form 60-EXT, 2012 Form 60-ES, or
through to the shareholder,
return, leave Column 7 blank and see the
overpayment applied from the 2011 return;
regardless of whether or not the
instructions to Column 8.
instead, enter the amount of the total taxes
shareholder actually deducted all of
due from line 4 of the previously fi led original
it.)
or amended 2012 Form 60.
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