Form 58 - Partnership Income Tax - 2013 (Page 10 of 35) in pdf

tax paid on the partner’s distributive share

Column 6 Worksheet

of North Dakota income. If the partnership

For nonresident individual partners only—see instructions to

has more than seven partners, complete and

Schedule KP, Column 6.

attach additional schedules as needed to list

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

all partners. If more than one Schedule KP

2. Professional service partnership only:

is needed, complete lines 1 through 4 on

Guaranteed payments for services only

only one of them, and include the combined

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

amount for all of the schedules on that one

3. Allocable income (less related expenses)

schedule.

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

4. Interest from U.S. obligations included

All Partners

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

(Columns 1 through 5)

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

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

Columns 1 and 2

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

Enter the full name, address, and partner’s

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

identifying number as shown on the partner’s

Federal Schedule K-1. In Column 1, enter

9. Professional service partnership only: Guaranteed payments

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

the name on the ﬁ rst line, and the complete

10. Allocable income (less related expenses) reportable to

mailing address on the second line. If

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

the partner is a single member limited

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

liability company (LLC) and is treated as

a disregarded entity for federal income tax

Column 4

Electing large partnership. For an electing

purposes, enter the owner’s name, address,

Enter the partner’s ownership percentage as

large partnership, enter the sum of the

and identifying number.

provided in the partnership agreement. (This

following items from the partner’s Federal

Column 3

percentage may differ from the partner’s

Schedule K-1 (Form 1065-B):

Identify the entity type of the partner by

proﬁ t or loss percentage.)

entering the applicable code letter as follows:

Box 1

Taxable income (loss) from passive

Column 5

activities

Entity type

Code letter

For a partnership other than an electing

Box 2

Taxable income (loss) from other

large partnership, enter the sum of the

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

activities

following items from the partner’s Federal

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

Box 3

Qualiﬁ ed dividends

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

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

Box 4a Net capital gain (loss) from passive

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

activities

Box 1

Ordinary business income (loss)

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

Box 4b Net capital gain (loss) from other

Box 2

Net rental real estate income (loss)

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

activities

Box 3

Other net rental income (loss)

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

Box 9

Other—(Include only those items

Box 4

Guaranteed payments

that would be included in the

Box 5

Interest income

Note: A “C corporation” is a corporation

determination of adjusted gross

Box 6a Ordinary dividends

that ﬁ les Federal Form 1120; an “S

income.)

Box 7

Royalties

corporation” is a corporation that ﬁ les

Box 8

Net short-term capital gain (loss)

Nonresident Individual and

Federal Form 1120S; and the “Trust” entity

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

type only applies to a trust that ﬁ les Federal

Tax-Exempt Organization

Box 10 Net section 1231 gain (loss)

Form 1041, or, in lieu of ﬁ ling Federal

Partners Only

Box 11 Other income (loss)

Form 1041, elects an alternative reporting

(Columns 6 through 8)

Box 12 Section 179 deduction

method under the federal income tax

Box 13 Other deductions (In the case of an

regulations.

Column 6

individual, trust, or estate partner,

Nonresident individual and tax-

only include deductions that are

If the partner is a limited liability company

exempt organization only

allowed as a deduction from gross

(LLC) that is a disregarded entity for federal

Complete Column 6 for each nonresident

income in calculating adjusted

income tax purposes or a nominee on Federal

individual or tax-exempt organization

gross income for federal income tax

Schedule K-1, enter the code letter for the

partner. Except as provided below, multiply

purposes.)

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

the partner’s amount in Column 5 by the

Box 20 Include the gain (loss) from

is treated like a C corporation, partnership,

apportionment factor from Schedule FACT,

an I.R.C. Section 179 property

or S corporation, enter the code letter for that

line 14, and enter the result in Column 6.

disposition. For purposes of

particular entity type.

calculating the gain or loss, include

Exception: Complete the Column 6

all of the Section 179 deduction

Worksheet on page 8 to calculate the amount

passed through to the partner,

to enter in Column 6 if any of the following

regardless of whether or not the

apply:

partner actually deducted all of it.

Form 58 - Partnership Income Tax - 2013 Page 10

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