Form Gr-1065 - Partnership Income Tax Return-Grand Rapids - 2011 Page 3

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Name as shown on GR-1065
Federal Employer Identification Number
SCHEDULE F - ALLOCATED OR APPORTIONED GUARANTEED PAYMENTS ORDINARY BUSINESS INCOME (LOSS)
This schedule is used by partnerships making guaranteed payments to partners where one or more partners received a nontaxable or partially taxable guaranteed payment.
Different types of guaranteed payments are taxed differently under the Grand Rapids Income Tax Ordinance. If guaranteed payments are 100% taxable list them on Schedule C, column 4.
TYPES OF GUARANTEED PAYMENTS
TAXABILITY OF TYPE OF GUARANTEED PAYMENT
• 
NOT TAXABLE
A QUALIFIED RETIREMENT BENEFIT RECEIVED BY A RESIDENT INDIVIDUAL
• 
A QUALIFIED RETIREMENT BENEFIT RECEIVED BY A NONRESIDENT INDIVIDUAL
NOT TAXABLE
• 
INTEREST FOR USE OF CAPITAL BY A RESIDENT INDIVIDUAL
100% TAXABLE
• 
NOT TAXABLE
INTEREST FOR USE OF CAPITAL BY A NONRESIDENT INDIVIDUAL
• 
COMPENSATION FOR PERSONAL SERVICES RECEIVED BY A RESIDENT INDIVIDUAL
100% TAXABLE
• 
COMPENSATION FOR PERSONAL SERVICES RECEIVED BY A NONRESIDENT RESIDENT INDIVIDUAL
WAGE APPORTIONED
P
COLUMN 1
COLUMN 2
COLUMN 3
COLUMN 4
A
GUARANTEED
LIST TYPE OF GUARANTEED PAYMENT
PERCENTAGE TAXABLE
GRAND RAPIDS
R
PAYMENTS
R as a qualified retirement benefit (RQRB)
(Enter percentage taxable for partner based upon type
TAXABLE
T
TO PARTNERS
N as a qualified retirement benefit (NQRB)
of guaranteed payment received; if reason is non-
GUARANTEED
T
N
R as interest for use of capital (RINT)
resident compensation enter days or hours worked in
PAYMENTS
E
N as interest for use of capital (NINT)
columns 3A and 3B and compute percentage taxable)
R
(Total equals amount
R as compensation for personal services (RCOMP)
COLUMN 3A
COLUMN 3B
COLUMN 3C
(Column 1 multiplied
reported on federal
N as compensation for personal services (NCOMP)
WORK DAYS
WORK DAYS
PERCENTAGE
by column 3C)
N
Form 1065, line 10)
OR HOURS IN
OR HOURS IN
TAXABLE
O
( R = resident AND N = nonresident)
GRAND RAPIDS
EVERYWHERE
Totals
2011 GR-1065 Page 3 Revised: 02/24/2012

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