Form Gr-1065 - Partnership Income Tax Return-Grand Rapids

Name as shown on GR-1065

Federal Employer Identification Number

SCHEDULE A - ALLOCABLE PARTNERSHIP ORDINARY BUSINESS INCOME

1. Ordinary business income (loss) (Form 1065, U.S. Return of Partnership Inc., pg. 1, line 22) (ATT. COPY OF FED. 1065, SCH K & ancillary statements)

2. Add City of Grand Rapids income tax, if deducted in determining income on federal Form 1065

3. Add interest and other costs incurred in connection with the production of income exempt from Grand Rapids income tax

4. Deduct Sec. 179 depreciation (Fed. Sch. K, line 10) and other deductions allowed (Attach explanation)

5. Deduct ordinary income (loss) from other partnerships, estates & trusts (Fed. Form 1065, page 1, line 4; attach explanation)

6. Total adjusted ordinary business income (Add lines 1, 2 and 3 and subtract lines 4 and 5)

SCHEDULE B - APPORTIONED INCOME (INCOME NOT INCLUDED IN ADJUSTED ORDINARY BUSINESS INCOME)

COLUMN 1

COLUMN 2

COLUMN 3

COLUMN 4

COLUMN 5

EXCLUDABLE

RESIDENT AND

EXCLUDABLE

NONRESIDENT

ATTACH COPY OF FEDERAL SCHEDULE K (1065)

FEDERAL

APPORTIONED

RESIDENT AND

OTHER PARTNERS'

NONRESIDENT

PARTNER'S

ATTACH SCHEDULES TO EXPLAIN ALL EXCLUSIONS

FORM 1065

INCOME

OTHER PTNRS'

PORTION OF

PARTNERS'

PORTION OF

REFERENCE

PORTION OF

COLUMN 1

PORTION OF

COLUMN 1

TAXABLE AT 1.5%

COLUMN 1

TAXABLE AT 0.75%

INTEREST AND DIVIDENDS

1. Interest income

Sch. K, line 5

Sch. K, lines 6a

2. Dividend income

SALE OR EXCHANGE OF PROPERTY (SEE INSTRUCTIONS)

3. Net short-term capital gain (loss)

Sch. K, line 8

4. Net long-term capital gain (loss)

Sch. K, L. 9a - c

Sch. K, line 10

5. Net Section 1231 gain (loss)

RENTS AND ROYALTIES (IF NON-BUSINESS INCOME INCLUDES RENTAL REAL ESTATE, ATTACH COPY OF FEDERAL FORM 8825)

6. Net income (loss) from rental real estate activities

Sch. K, line 2

Sch. K, line 3c

7. Net income (loss) from other rental activities

8. Royalty income

Sch. K, line 7

OTHER INCOME

Sch. K, line 11

9. Other income

Fm. 1065, line 4

10. Ordinary income from other partnerships

11. Total apportioned income (Add lines 1 through 10 for each column)

SCHEDULE C - DISTRIBUTION TO PARTNERS

COLUMN 1

COLUMN 2

COLUMN 3

COLUMN 4

COLUMN 5

COLUMN 6

COLUMN 7

ADJUSTED

ALLOCATION

ALLOCATED

ALLOCATED OR

RESIDENT AND

NONRESIDENT

TOTAL INCOME

ORDINARY BUSINESS

PERCENTAGE

BUSINESS INCOME

APPORTIONED

OTHER PARTNER'S

PARTNER'S

(Add columns

INCOME

PER SCH D

(Column 1 times

GUARANTEED PMTS.

PORTION OF INCOME PORTION OF INCOME

3, 4, 5, and 6)

(Total equals Sch. A, line 6) (Resident partners

% in column 2)

(Total equals Schedule

FROM SCHEDULE B,

(Enter here and on

enter 100%)

F, column 4 total)

COLUMN 3, LINE 11

COLUMN 5, LINE 11

page 1, column 1)

(a)

(b)

(c)

(d)

Totals

SCHEDULE D - BUSINESS ALLOCATION PERCENTAGE

COLUMN 3

COLUMN 1

COLUMN 2

PERCENTAGE

LOCATED EVERYWHERE

LOCATED IN GRAND RAPIDS

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

(Column 2 divided

by column 1)

b. Gross annual rent paid for real property only, multiplied by 8

c. Totals (Add lines 1a and 1b)

2. Total wages, salaries, commissions and other compensation of all employees

3. Gross receipts from sales made or services rendered

4. Total percentages (Add the percentages computed in column 3, lines 1c, 2 and 3)

5. Business allocation percentage (Divide line 4 by the number of factors) Enter here and on Schedule C, column 2 (See note below)

Note 3.

In determining the business allocation percentage (Line 5), a factor shall be excluded from the computation only when such factor does not exist anywhere insofar

as the taxpayer's business operation is concerned. In such cases, the sum of the remaining percentages shall be divided by the number of factors actually used.

In the case of a taxpayer authorized by the Income Tax Administrator to use one of the special formulae, attach an explanation and use the lines provided below:

a. Numerator

c. Percentage (a divided by b) (Enter here and on Schedule C, Col. 2)

b. Denominator

d. Date of Administrator's approval letter

SCHEDULE E -

RENTAL REAL ESTATE

If the business activity of the partnership includes rental of real estate, indicate below the complete address and the gain or loss of each property.

PROPERTY

STREET ADDRESS

GAIN OR LOSS

PROPERTY

STREET ADDRESS

GAIN OR LOSS

TOTALS

(ATTACH COPY OF FEDERAL FORM 8825)