Kentucky Mercer County Net Profits License Fee Return Page 2
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1
2WORKSHEET A
INDIVIDUAL
PARTNERSHIP
CORPORATION
1. Non-employee compensation as reported on Form 1099-Misc Reported as “Other income” on
Federal Form 1040 (Attach Page 1 of Form 1040 and Form 1099 or complete Form 1040PC)
_________
2. Net profit or (loss) of the Federal Schedule C of Form 1040 (Attach Schedule C, Pages 1 and 2,
Schedule C-EZ or the complete Form 1040PC)
_________
3. Gain or loss on sales of business property used in a trade or business from Federal Form
4797 or Form 6252 reported on Schedule D of Form 1040 (Attach Form 4797, Pages 1 and 2
Or Form 6252, or the complete Form 1040PC and Schedule D)
_________
4. Rental income or (loss) per Federal Schedule E of Form 1040 (Attach Schedule E)
_________
5. Net farm profit or (loss) per Federal Schedule F of Form 1040 (Attach Schedule F, Pages 1 and
2, or the complete Form 1040PC)
_________
6. Ordinary income or (loss) per Federal Form 1065 (Attach Form 1065, Pages 1, 2 and 3 and
Rental Schedule(s) if applicable)
___________
7. Taxable income or (loss) per Federal Form 1120 or 1120A or Ordinary Income or (loss) per
Federal Form 1120S (Attach the Applicable Form 1120, 1120A, Pages 1 and 2 or 1120S,
Pages 1, 2 and 3, Schedule of Other Deductions and Rental Schedule(s) if applicable)
____________
8. State and Local Income Taxes or License Fees based on income deducted on Federal
Schedule C, E, or F or Federal Form 1065, 1120, 1120A or 1120S
_________
___________
____________
9. Additions from Schedule K of Form 1065 or 1120S, including Partners’ Salaries per ordinance
(Attach Schedule K of Form 1065 or 1120 S and Rental Schedules, Form 8825, if applicable)
___________
____________
10. Net Operating Loss deducted on Form 1120
____________
11. Total Income (Add Lines 1 through 10)
_________
___________
____________
12. Alcoholic Beverage Sales Deduction (From Worksheet C, Line 3)
_________
___________
____________
13. Local/Other Adjustments (Attach Full Explanation and Schedule)
_________
___________
____________
14. Subtractions from Schedule K of Form 1065 or 1120S (Attach Schedule K of Form 1065 or
1120S and Rental Schedules, Form 8825, if applicable)
___________
____________
15. Professional Expenses not reimbursed by the Partnership (Attach Schedule of Expenses)
___________
16. Total Adjustments (Add Lines 12 through 15 inclusive)
_________
___________
____________
17. “Adjusted Net Profit” (Subtract Line 16 from Line 11)
_________
___________
____________
WORKSHEET B – BUSINESS APPORTIONMENT
All licensees whose business operations were not conducted entirely in the Tax Jurisdiction must complete this part, regardless of profit or loss.
APPORTIONMENT FACTORS
COLUMN A
COLUMN B
COLUMN C
Tax Jurisdiction
Total Everywhere
A/B=C
PAYROLL FACTOR
1. Compensation Paid or Payable to Employees
SALES FACTOR
2. Gross Receipts from Sales, Rents, Work or Service Performed
3. TOTAL PERCENTAGES
4. BUSINESS APPORTIONMENT
(If your business had both a sales factor and a payroll factor,
Divide line 3 by two (2). If the business had either a sales factor or a payroll factor, but not both,
Enter the single factor percentage here and Line 2 of front page)
WORKSHEET C – ALCOHOLIC BEVERAGE SALES DEDUCTION
1. DIVIDE
Kentucky Alcoholic Beverage Sales
Total Sales
=
________________%
2. Enter Net of Lines 11 and 14 of Worksheet A
___________________
3. Alcoholic Beverage Sales Deduction (Multiply Line 1 by Line 2)
___________________
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