Form I-1065 - City Of Ionia Income Tax Partnership Return - 2008 Page 2

2008

Form I-1065

ALLOCABLE PARTNERSHIP INCOME - SCHEDULE A

1. ORDINARY INCOME (LOSS) from Page 1, Line 22, US Partnership Return of Income, Form 1065 Please attach copy of return...........................................................................................................................................

$

2. Add partners' salaries and interest deducted on Page 1, Federal Form 1065.............................................................................................................................................................................................

3. Add City of Ionia tax, if deducted in determining income on Federal Form 1065...........................................................................................................................................................................................................................................

4. TOTAL (add Lines 1, 2, and 3)..........................................................................................................................................................................................................................................................................................

5. Less non-business income included in Line 1 above (from Schedule B, Column 1, Line 9 below)..............................................................................................................................................................

6. TOTAL INCOME SUBJECT TO ALLOCATION - To Schedule C below............................................................................................................................................................................................................

$

NON BUSINESS INCOME AND EXCLUSIONS - SCHEDULE B

Column II

Column III

Column IV

Column V

Attach a copy of Page 1 of your Federal 1065 and all K-1 s

Column I

Federal

Resident

Resident

Non-Resident

Non-Resident

Total

Form 1065

Partners'

Partners'

Partners'

Partners'

Non-Business

Reference

Share of Column I

Exclusion

Share of Column I

Exclusions

Income

7. Income from other partnerships, trusts, etc.....................................

page 1, line 4

$

$

$

$

$

8. Other - attach statement detailing.......................................................... p age 1, line 7

9. Non-allocable income (line 7 plus line 8)............................................ To Sch A. ln. 5

$

10. Rental activities............................................................................................

Sch K-1, line 2

11. Interest income................................................................................................

Sch K-1, line 5

12. Dividend income.........................................................................................

Sch K-1, line 6a

13. Royalty income.............................................................................................

Sch K-1, line 7

14. Net short-term capital gain (loss)............................................................ Sch K-1, line 8

15. Net long-term capital gain (loss)........................................................... Sch K-1, line 9a

16. Net section 1231 gain (loss).....................................................................

Sch K-1, line 10

17. Other gain (loss) - attach statement.......................................................

18. Totals (line 7, 8 and 10 thru 17)......................................................................

$

$

$

$

$

Note: All partners exclude interest from governmental obligations and income, gains and losses prior to January 1, 1994. In addition, non-resident partners

exclude all dividends, interest and non-taxable income from activities outside of the City of Ionia.

DISTRIBUTION TO PARTNERS - SCHEDULE C

Column 2

Column 3

Column 4

Column 5

Column 6

Column 7

Column 1

Allocation %

Allocated

Memo Allocation

Non-Business

Non-Business

Adjusted

Allocable

Apply only to Non-

Income

Exclusion

Taxable Income

Taxable Income Non-

Partnership

Income

(COL 1 X COL 2)

(Col 1 less Col 3)

Residents (Sch B,

Residents (Sch B,

Income

residents (enter 100%

(SCH A. LINE 6)

For Residents)

(SCH A. LINE 6)

to Sch D I-1040

Col II less Col III)

Col IV less Col V)

Add Col 3, 5 & 6

(a)

%

(b)

%

(c)

%

(d)

%

(e)

%

Totals

I

II

III

BUSINESS ALLOCATION FORMULA - SCHEDULE D

Located

Located

Percentage

(To be used by non-resident partners only)

Everywhere

In Ionia

II / I

19a. Average net book value of real and tangible personal property

19b Gross rentals of real property, multiplied by 8

19c. Total - add lines 19a and 19b

20. Total wages, salaries, commissions and other compensation paid to all employees

21. Gross receipts from sales made or services rendered

22. Total Percentages - add the percentages computed in Column III on lines 19c, 20 and 21

23. Average percentage (Column III line 22 divided by three - see note below and instructions) Enter here and on page 2, Sch. C, Col. 2

Note: In determining the average percentage (line 23), if a factor does not exist, the sum of the percentages shall be divided by the number of factors actually used.

In case of a taxpayer authorized by the Administrator to use a special formula, attach the Administrator's approval letter and detail of formula used.

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