Form I-335 - Active Trade Or Business Income Reduced Rate Computation - 2012 Page 7
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8Line 6 Ordinary/qualified dividends.
Dividends are not included in active trade or business income or loss because they are passive investment income.
Line 7 Royalties.
Generally royalties are not included in Column C. But in Column C, enter Column B royalties derived in the ordinary
course of a trade or business of franchising or licensing property, or “active business computer software” royalties as
defined in IRC Section 543(d) and applicable regulations.
Lines 8 through 9c
Net short-term and long-term capital gains (losses), collectibles (28%) gain (loss), and unrecaptured section 1250
gain.
Active trade or business income or loss does not include these amounts.
Line 10 Net section 1231 gain (loss).
After determining if gains and losses are capital, enter in Column C the net of ordinary gains and losses, but not capital
gains or losses.
Line 11 Other income (loss).
In Column C, do not enter Column B capital gains or losses or passive investment income or losses.
Line 12 Section 179 deduction.
In Column C, enter amounts from Column B that are not capital gains or losses or passive investment income or losses.
Lines 13, 14, and 15 Other deductions, self-employment earnings (loss), and credits.
Active trade or business income or loss does not include these amounts.
Line 16 Foreign transactions.
In Column C, adjust for any Column B extraterritorial income exclusion to the extent it increases or decreases active trade
or business income, but only if it affects taxable income other than passive investment income or expenses related to
passive investment income.
Line 17 Alternative minimum tax (AMT) items.
In Column C, adjust for any Column B expenditure adjustment within the meaning of IRC section 59(e)(2).
Lines 18 through 21 Tax exempt income and nondeductible expenses, distributions, items affecting shareholder
basis and other information.
Active trade or business income or loss does not include these amounts.
Line 22 Total of Column C.
Include all amounts from each Worksheet 2, line 22 on I-335, line 1b.
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