Fayette Income Tax Form - Village Of Fayette Page 2
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2Page 02
Section A - Additions to Income
23. Guaranteed Payments to Partners
23
24. Income Taxes Taken as A Deduction on Lines 2,3,4, or 5, Page 1
24
25. Expenses Attributable to the Production of Nontaxable Income
at least 5% of Section B - Line 32
25
26. Other Additions - Describe __________________________________________
________________________________________________________________
26
27. Total Additions to Income
27
(Add Lines 23-26) - Transfer to Line 7 on Page 1
Section B - Deductions From Income
28. Dividents and Interest Included on Lines 2,3,4, or 5, Page 1
28
29. Deductible Business Expenses
(Reduce by 2% Federal AGI) -
29
Attach Form 2106, Form 1040 Schedules A
30. Income on Page 1, Lines 1 thru 4 Earned Outside Fayette as a Nonresident
(Attach Form NRR if Necessary
30
31. Other Deductions - Describe ________________________________________
________________________________________________________________
31
32. Total Deductions from Income
32
(Add Lines 28-31) - Transfer to Line 8 on Page 1
Section C - Partnership Income
33. Name and Address of Partnership and EID no
(Attach K-1's)
____________________________________________ $_____________
____________________________________________ $_____________
Total Partnership Income
33
Section D - Partner's Distributive Share of Partnership Income
34. To Be Completed if Partnership Files and Information only Return
Name, Residence, Address, & S.S. Number of Each Partner
Distributive Share of Each
Partner Amount
__________________________________________
_____________________
__________________________________________
_____________________
__________________________________________
_____________________
__________________________________________
_____________________
Total Line 34 Transfer to Line 4, on Page 1
Total
_____________________ 34
Section Y - Business Allocation
35. Business Allocation Formula
a. Located
b. Located In
c. Percentage (b/a)
Everywhere
Fayette
Step 1 Average Value of Real and
___________ ____________
Tangible Personal Property
___________ ____________
Gross Annual Rental Multiplied by 8
___________ ____________
______________%
Total Step 1
Step 2 Wages, Salaries other
___________ ____________
______________%
Compensation for Services Performed
___________ ____________
______________%
Step 3 Gross Receipts From Sales
___________ ____________
______________%
Step 4 Total Percentages
35%
Step 5 Average Percentage
(Divide Total Percentages by Number of Percentages Used: Transfer to Line 10, Page 1
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