Instructions For Schedule U-M - Member'S Income And Expenses - 2012 Page 10

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Enter the amounts reducing income (or expenses) as negative amounts on lines 1-28 in both column (a)
and column (f).
Do not offset on this schedule any net I.R.C. § 1231 gains or losses of group members with any net
capital gains/losses of group members or eliminate any net capital loss. These items, if any, are to be
separately stated for a member in determining the member’s overall taxable income. The member will
report these adjustments, if any, on Schedule U-ST.
Do not make any adjustments on this schedule for federal/state basis differences or limitations on
deductions based on taxable net income as determined under the I.R.C. These adjustments, if any, are
to be made on Schedule U-E.
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