Page 4 of 8 IT-204 ( 2014 )
Section 5 – Reconciliation of income (loss) per books with income (loss) per return
(From federal
Form 1065, Schedule M-1; see instructions. If Schedule M-3 was filed, mark an X in the box
;
file Schedule M-3 and any related documents with Form IT-204; skip Section 5 and
continue with Section 6.)
66 Net income (loss) per books ........................................................................................................
66
67 Income included on return not recorded on books this year, from Schedule M-1, line 2 .............
67
Identify:
68 Guaranteed payments (other than health insurance) ...................................................................
68
69 Expenses recorded on books this year not included on return, from Schedule M-1, line 4 .........
69
Identify:
70 Add lines 66 through 69 ...............................................................................................................
70
71 Income recorded on books this year not included on return,
from Schedule M-1, line 6 ..................................................
71
Identify:
72 Deductions included on return not charged against book
income this year, from Schedule M-1, line 7 ......................
72
Identify:
73 Add lines 71 and 72 .....................................................................................................................
73
74 Income (loss)
.....................................................................................
74
(subtract line 73 from line 70)
Section 6 – Analysis of partners’ capital accounts
(from federal Form 1065, Schedule M-2)
75 Balance at beginning of year ........................................................................................................
75
76 Capital contributed – cash ............................................................................................................
76
77 Capital contributed – property ......................................................................................................
77
78 Net income (loss) per books ........................................................................................................
78
79 Other increases ............................................................................................................................
79
Identify:
80 Add lines 75 through 79 ...............................................................................................................
80
81 Distributions – cash ...............................................................
81
82 Distributions – property .........................................................
82
83 Other decreases ....................................................................
83
Identify:
84 Add lines 81, 82, and 83 ..............................................................................................................
84
85 Balance at end of year
.......................................................................
85
(subtract line 84 from line 80)
204004140094