Form 58 - Partnership Income Tax - 2013 (Page 13 of 35) in pdf

Before you ﬁ le

If the calculation of any amount on lines 24

For “Other deductions” from box 13

of Federal Schedule K-1, only include

through 37 of Part 4 was affected by the

Form 58

deductions that are allowed as a deduction

removal or inclusion of net nonbusiness

from gross income in calculating adjusted

income, attach a statement to the partner’s

Signatures

gross income for federal income tax purposes.

North Dakota Schedule K-1 (Form 58)

identifying the net nonbusiness income

The return must be signed and dated

For purposes of calculating the gain or loss for

and showing the calculation of the amount

by a general partner or an authorized

I.R.C. § 179 property dispositions included in

entered on the applicable line(s) of Part 4.

representative of the partnership.

box 20 of the Federal Schedule K-1, include

If the partnership pays someone other than

all of the Section 179 deduction passed

Part 5

one of its partners or an employee of the

through to the partner, regardless of whether

Nonresident individual or

partnership to prepare the return, the paid

or not the partner actually deducted all of it.

tax-exempt organization

preparer also must sign and date the return.

Exception 1: Professional service

partner only

partnership. If the partnership is a

Preparer authorization check-off

Complete Part 5 for a nonresident individual

professional service partnership, calculate

The partnership may authorize the North

or tax-exempt organization partner only.

the amount to enter on line 27 (guaranteed

Dakota Ofﬁ ce of State Tax Commissioner

payments) by adding the following two

(Tax Department) to discuss matters

Line 38

amounts:

ND distributive share of income

pertaining to its 2013 Form 58 with the

(loss)

preparer who signed it. To do so, mark the

• Guaranteed payments for services

Enter the partner’s North Dakota distributive

circle in the lower right-hand corner of page 1

performed within North Dakota by the

share of income (loss) from Form 58,

of Form 58 next to the signature area. This

partner; and

Schedule KP, Column 6.

authorization applies only to the individual

• Guaranteed payments for other than

whose signature and printed name appear in

Line 39

personal services multiplied by the

the paid preparer section of the signature area.

ND income tax withheld

partnership’s apportionment factor from

It does not apply to the ﬁ rm, if any, shown in

Enter the amount of North Dakota income

Schedule FACT, line 14.

that section.

tax withheld from the partner’s North Dakota

Exception 2: Allocable (nonbusiness)

distributive share of income from Form 58,

By marking the circle, the partnership

income. If the partnership treated any part

Schedule KP, Column 7.

authorizes the Tax Department to contact

of a distributable item of income from

the preparer to answer any questions that

Line 40

the partner’s Federal Schedule K-1 as

may arise during the processing of the

ND composite income tax

nonbusiness income subject to allocation,

partnership’s return. It also authorizes

Enter the amount of North Dakota composite

calculate the amount to enter on the

the preparer to respond to questions and

income tax on the partner’s North Dakota

corresponding line of this part in the

to provide any information missing from

distributive share of income from Form 58,

following steps:

the return, to contact the Tax Department

Schedule KP, Column 8.

to inquire about the status of the return’s

1. Subtract the net nonbusiness income

processing and related refund or payment,

Part 6

(gross amount less related expenses)

and to respond to Tax Department notices

from the applicable distributable amount

Partnership or corporation

that the partnership shares with the

shown on the Federal Schedule K-1.

partner only

preparer pertaining to math errors or return

2. Multiply the remaining distributive

The apportionment factors are used to

preparation. (Tax Department notices will not

amount, if any, (from step 1) by the

determine North Dakota apportioned income.

be sent directly to the preparer.)

partnership’s apportionment factor from

Complete Part 6 only for a partner that is

This authorization automatically expires on

Schedule FACT, line 14.

a partnership, corporation, or other entity

the due date (excluding extensions) for ﬁ ling

treated like a partnership or corporation.

3. Add the result (from step 2) to the portion,

the 2014 Form 58.

if any, of the net nonbusiness income

Line 41

This authorization does not authorize the

allocable to North Dakota, and enter the

North Dakota factors

preparer to receive a refund check, to bind

result on the corresponding line of Part 4.

Enter the partner’s share of the partnership’s

the partnership in any way (including any

North Dakota apportionment factor amounts

Note: If any portion of the net nonbusiness

additional tax liability), or to represent the

from Schedule FACT, Column 2, lines 7, 8,

income removed from the distributable

partnership before the Tax Department

and 12 in the corresponding column.

amount (in step 1 above) is allocable outside

for any other purpose. To expand the

North Dakota, do not enter it anywhere on

preparer’s authorization, the partnership must

Line 42

North Dakota Schedule K-1 (Form 58).

Total factors

complete and ﬁ le North Dakota Form 500,

Authorization to Disclose Tax Information

Enter the partner’s share of the partnership’s

Exception 3: Interest from U.S. obligations.

and Designation of Representative, with the

total factor amounts from Schedule FACT,

Do not include interest from U.S. obligations

Tax Department.

Column 1, lines 7, 8, and 12 in the

in determining the amount to enter on Part 4,

corresponding column.

line 28.

Form 58 - Partnership Income Tax - 2013 Page 13

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