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2007 VIRGINIA

Owner’s Share of Income And

Schedule VK-1

Virginia Modiﬁ cations And Credits

(Form 502)

Check If -

Owner Information

Final

Check Here if Owner is Participating in an Individual Uniﬁ ed Nonresident Return

Amended Return

Name

FEIN or SSN

Address

Virginia Account Number, If Applicable

Address

City or Town, State And ZIP Code

Pass-Through Entity (PTE) Information

Name

FEIN

Address

Virginia Account Number

Address

Tax Year End Date

City or Town, State And ZIP Code

Additional Owner Information

a. Date Owner Acquired Interest In The Pass-Through Entity (MM/DD/YYYY) ..................................................................

b. Owner’s Entity Type (Enter code; see instructions) .........................................................................................................

c. Owner’s Participation Type (Enter code; see instructions) ..............................................................................................

d. Owner’s Participation Percentage ( Example: 47.35% - see instructions.) .....................................................................

Distributive or Pro Rata Income and Deductions

See instructions.

1. Total of Taxable Income Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

2. Total of Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Tax-exempt Interest Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.

Allocation and Apportionment

4. Income Allocated To Virginia (Owner’s Share From PTE’s Schedule 502A, Part A, Line 2) . . . . . . . . . . . . . . . . . . . 4.

5. Income Allocated Outside Of Virginia (Owner’s Share From PTE’s Schedule 502A, Part A, Line 3e) . . . . . . . . . . . 5.

6. Apportionable Income (Owner’s Share From PTE’s Schedule 502A, Part A, Line 4) . . . . . . . . . . . . . . . . . . . . . . . . 6.

7. Virginia Apportionment Percentage (From PTE’s Schedule 502 A, Part B or Part C or 100%). . . . . . . . . . . . . . . . . 7.

Virginia Additions - Owner’s Share

8. Fixed-date Conformity - Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.

9. Fixed-date Conformity - Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.

10. Net Income Tax Or Other Tax Used As A Deduction In Determining Taxable Income (See Instructions) . . . . . . . . 10.

11. Interest On Municipal Or State Obligations Other Than From Virginia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.

12. a-c Refer To Instruction Book For Other Addition Codes

12a.

. . . . . . . . . . . 12a.

12b.

. . . . . . . . . . . 12b.

12c.

. . . . . . . . . . . 12c.

13. Total Additions (Line 8 Through 12c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.

Notice:

You have received this Schedule VK-1 because the above named Pass-Through Entity (PTE) earned income from Virginia sources and has

passed through to you a portion of that Virginia source income based on your ownership of the PTE. A copy of this schedule has been ﬁ led

with the Virginia Department of Taxation. Everyone who receives Virginia source income is subject to taxation by Virginia regardless of state of

residency or domicile. You may be required to ﬁ le a Virginia tax return even though you may be a nonresident individual or a business domiciled

outside of Virginia. To determine if you are required to ﬁ le a Virginia income tax return, consult your tax professional. Information and forms may

be obtained at , or call the Virginia Department of Taxation at 804-367-8031 (individuals) or 804-367-8037 (businesses).

Va. Dept. Of Taxation 2601024 VK-1

(Rev 10/07)

Schedule Vk-1 (Form 502) - Owner'S Share Of Income And Virginia Modifi Cations And Credits - 2007

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