Form 58 - North Dakota Partnership Income Tax Booklet

All Partners

Column 6 Worksheet

(Columns 1 through 5)

For nonresident individual partners only—see instructions to

Schedule KP, Column 6.

Columns 1 and 2

1. Partner’s amount from Schedule KP, Column 5 .............................. 1 _________________

Enter the full name, address, and federal

2. Professional service partnership only:

identiﬁ cation number as shown on the

Guaranteed payments for services only

partner’s Federal Schedule K-1. In Column 1,

included in the amount on line 1 .................. 2 _________________

enter the name on the ﬁ rst line, and the

3. Allocable income (less related expenses)

complete mailing address on the second line.

included in the amount on line 1 .................. 3 _________________

If the partner is a single member limited

4. Interest from U.S. obligations included

liability company (LLC) and is treated as

in the amount on line 1 ............................... 4 _________________

a disregarded entity for federal income tax

5. Add lines 2, 3, and 4 ................................................................. 5 _________________

purposes, enter the owner’s name, address,

6. Apportionable income (loss). Subtract line 5 from line 1 ................ 6 _________________

and identifying number.

7. Apportionment factor from Schedule FACT, line 14 ......................... 7 __.__ __ __ __ __ __

Column 3

8. Multiply line 6 by line 7 .............................................................. 8 _________________

Identify the entity type of the partner by

9. Professional service partnership only: Guaranteed payments

entering the applicable code letter as follows:

for services performed within North Dakota ........................... 9 _________________

10. Allocable income (less related expenses) reportable to

Entity type

Code letter

North Dakota ....................................................................... 10 _________________

Individual ................................ I

11. Add lines 8, 9 and 10. Enter result in Column 6 .......................... 11 _________________

C corporation ..........................C

S corporation ........................... S

Box 1

Ordinary business income (loss)

Box 4a Net capital gain (loss) from passive

Partnership ..............................P

Box 2

Net rental real estate income (loss)

activities

Estate .......................................E

Box 3

Other net rental income (loss)

Box 4b Net capital gain (loss) from other

Trust ........................................T

Box 4

Guaranteed payments

activities

Exempt organization ...............O

Box 5

Interest income

Box 9

Other—(Include only those items

Box 6a Ordinary dividends

that would be included in the

Note: A “C corporation” is a corporation

Box 7

Royalties

determination of adjusted gross

that ﬁ les Federal Form 1120; an “S

Box 8

Net short-term capital gain (loss)

income.)

corporation” is a corporation that ﬁ les

Box 9a Net long-term capital gain (loss)

Nonresident Individual

Federal Form 1120S; and the “Trust” entity

Box 10 Net section 1231 gain (loss)

type only applies to a trust that ﬁ les Federal

Partners Only

Box 11 Other income (loss)

Form 1041, or, in lieu of ﬁ ling Federal

Box 12 Section 179 deduction

(Columns 6 through 8)

Form 1041, elects an alternative reporting

Box 13 Other deductions (In the case of an

method under the federal income tax

individual, trust, or estate partner,

Column 6

regulations.

Nonresident individual only

only include deductions that are

allowed as a deduction from gross

Complete Column 6 for each nonresident

If the partner is a limited liability company

income in calculating adjusted

individual partner. Except as provided below,

(LLC) that is a disregarded entity for federal

gross income for federal income tax

multiply the partner’s amount in Column 5

income tax purposes or a nominee on Federal

purposes.)

by the apportionment factor from Schedule

Schedule K-1, enter the code letter for the

Box 20 Include the gain (loss) from

FACT, line 14, and enter the result in

type of entity of the entity’s owner. If the LLC

an I.R.C. Section 179 property

Column 6.

is treated like a partnership for federal income

disposition. For purposes of

tax purposes, enter “P.” If the LLC is treated

calculating the gain or loss, include

Exception: Complete the Column 6

like an S corporation for federal income tax

all of the Section 179 deduction

Worksheet on page 8 to calculate the amount

purposes, enter “S.”

passed through to the partner,

to enter in Column 6 if any of the following

Column 4

regardless of whether or not the

apply:

partner actually deducted all of it.

Enter the partner’s ownership percentage as

•

The partnership is a professional service

provided in the partnership agreement. (This

Electing large partnership. For an electing

partnership that made guaranteed

percentage may differ from the partner’s

large partnership, enter the sum of the

payments for services performed by

proﬁ t or loss percentage.)

following items from the partner’s Federal

nonresident individual partners. These

Schedule K-1 (Form 1065-B):

payments are not apportioned, but are

Column 5

allocated to the state where the services

For a partnership other than an electing

Box 1

Taxable income (loss) from passive

were performed by the partner. See the

large partnership, enter the sum of the

activities

instructions to Item H on page 4 for

following items from the partner’s Federal

Box 2

Taxable income (loss) from other

the deﬁ nition of a professional service

Schedule K-1 (Form 1065), Part III:

activities

partnership.

Box 3

Qualiﬁ ed dividends

Form 58 - North Dakota Partnership Income Tax Booklet - 2012 Page 10

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