Form I-335 - Active Trade Or Business Income Reduced Rate Computation Page 3
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8STATE OF SOUTH CAROLINA
1350
1350
DEPARTMENT OF REVENUE
I-335B
WORKSHEET 2
PASS-THROUGH INCOME FROM A PARTNERSHIP
(Rev. 5/28/14)
OR S CORPORATION
3422
(Complete a separate Worksheet 2 for each SCK-1)
2014
(Attach each Worksheet 2 to your return)
For the year January 1 - December 31, 2014, or fiscal tax year beginning
2014 and ending
2015
Your Social Security number
Print your name
Spouse's Social Security number
Spouse's first name
In order to use the flat rate on active trade or business income, an individual, estate or trust with
pass-through income from one or more partnerships, S corporations, or LLCs taxed as partnerships
or S corporations must complete a separate Worksheet 2 for each partnership, S corporation or LLC.
Complete a separate Worksheet 2 for each SCK-1.
Name of business:
Column A
Column B
Column C
Federal K-1
SCK-1 amounts
SC active trade or
amounts
business amounts
1. Ordinary business income (loss)
1.
2. Net rental real estate income (loss)
2.
3. Other net rental income (loss)
3.
4. Guaranteed payments *
4.
5. Interest income
5.
6. Ordinary/qualified dividends
6.
7. Royalties
7.
8. Net short-term capital gain (loss)
8.
9a. Net long-term capital gain (loss)
9a.
9b. Collectibles (28%) gain (loss)
9b.
9c. Unrecaptured section 1250 gain
9c.
10. Net section 1231 gain (loss)
10.
11. Other income (loss)
11.
12. Section 179 deduction
12.
(
)
13
Other deductions
13
14. Self-employment earnings (loss) *
14.
15. Credits
15.
16. Foreign transactions
16.
17. Alternative minimum tax (AMT) items
18. Tax exempt income and nondeductible
18.
expenses *
19. Distributions *
19.
20. Items affecting shareholder basis **
20.
21. Other information
21.
22. Total of Column C
22.
Note: Worksheet 2 combines elements of federal K-1s for Forms 1065 and 1120-S.
* Identifies items on Form 1065, Schedule K-1 but not on Form 1120-S, Schedule K-1.
** Identifies items on Form 1120-S, Schedule K-1 but not on Form 1065, Schedule K-1.
Ownership Interest: ________%
34221028
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