Looking for a Kentucky Income Tax Forms And Templates? Download it for free!

Item C—If Schedule CP is being filed, see Specific Instructions

Item E—Check applicable box to indicate whether the single

on page 8 of these instructions on what information should be

member is filing a composite return or a single return.

completed on Item C.

If Schedule CP is being filed, see Specific Instructions on page 8

If filing a Form 725, Kentucky Single Member LLC Individually

of these instructions on what information should be completed

Owned LLET Return, enter the following:

on Item E.

Federal Identification Number—Enter the federal identification

PART I—KENTUCKY NET DISTRIBUTABLE INCOME

number, if the single member LLC has obtained this number.

Line 1—Enter the ordinary income (loss) adjusted to reflect

Social Security Number—Enter the single member individual’s

the differences in federal and Kentucky tax laws from the

Social Security number.

following schedules or forms: (i) Form 1040 for an individual;

Name and Address—Print or type the name of the single member

(ii) Form 1041 for an estate or trust; (iii) Form 1065 for a general

LLC as set forth in the Articles of Organization. For the address,

partnership; and (iv) Schedule(s) K-1. Attach Schedule C (Form

include the suite, room or other unit number after the street

1040), Schedule F (Form 1040), Schedule E (Form 1040), Form

address. If the U.S. Postal Service does not deliver mail to the

1065, Schedule(s) K-1 or other applicable forms or schedules to

street address and the single member LLC has a P.O. Box, show

the return. If any form or schedule contains activity of both the

the box number instead of the street address.

single member LLC and the individual, estate, trust or general

partnership, prepare a pro forma form or schedule which

Telephone Number—Enter the business telephone number of

contains only the activity of the single member LLC.

the member.

Line 2—Enter the net income (loss) from rental real estate

Kentucky Secretary of State Organization Number—Enter the

adjusted to reflect the differences in federal and Kentucky tax

single member LLC’s Organization Number with the Kentucky

laws from the following schedules or forms: (i) Form 1040 for

Secretary of State. To find the single member LLC’s organization

an individual; (ii) Form 1041 for an estate or trust; (iii) Form

number, go to and click on Search Businesses

1065 for a general partnership; and (iv) Schedule(s) K-1. Attach

under Online Business Services. This is NOT the same number

Schedule E (Form 1040), Form 4835, Form 1065, Schedule(s)

as the Kentucky Corporation/LLET Account Number in Section

K-1 or other applicable forms or schedules to the return. If any

A of Form 725.

form or schedule contains activity of both the single member

LLC and the individual, estate, trust or general partnership,

State and Date of Organization—Enter the entity’s state and

prepare a pro forma form or schedule which contains only the

date of organization.

activity of the single member LLC.

Principal Business Activity in KY—Enter the entity’s principal

Line 3—Enter the net income (loss) from other rental activities

business activity in Kentucky.

adjusted to reflect the differences in federal and Kentucky tax

North American Industrial Classification System (NAICS)—Enter

laws from the following schedules or forms: (i) Form 1040 for an

individual; (ii) Form 1041 for an estate or trust; (iii) Form 1065 for

your six–digit NAICS code. To view a complete listing of

NAICS codes, visit the United States Census Bureau at

a general partnership; and (iv) Schedule(s) K-1. Attach Schedule

C (Form 1040), Schedule E (Form 1040), Form 1065, Schedule(s)

K-1 or other applicable forms or schedules to the return. If any

Item D—Check the applicable boxes:

form or schedule contains activity of both the single member

LLC and the individual, estate, trust or general partnership,

(a) Qualified Investment Pass–through Entity—Check this

prepare a pro forma form or schedule which contains only the

box if the single member LLC is a qualified investment

activity of the single member LLC.

pass–through entity as provided by KRS 141.206(15).

Line 4—Enter the interest income earned by the single member

(b) Initial Return—Check this box if this is the single member

LLC (attach schedule).

LLC’s first time filing a single member LLC return in

Kentucky.

Line 5—Enter the dividend income earned by the single member

LLC (attach schedule).

Kentucky tax return. Check the appropriate box in Part IV

– Explanation of Final Return and/or Short-Period Return.

Line 6—Enter the royalty income (loss) adjusted to reflect

(d) Amended Return—This is an amended tax return. Provide

the differences in federal and Kentucky tax laws from the

an explanation of all changes in Part V – Explanation of

following schedules or forms: (i) Form 1040 for an individual;

Amended Return Changes.

(ii) Form 1041 for an estate or trust; (iii) Form 1065 for a general

(e) Change of Name—Check this box if the single member LLC

partnership; and (iv) Schedule(s) K-1. Attach Schedule C (Form

has changed its name.

1040), Schedule E (Form 1040), Form 1065, Schedule(s) K-1 or

(f)

Short-period Return—This return is for a period of less than

other applicable forms or schedules to the return. If any form or

one year and not an initial return or final return. Check the

schedule contains activity of both the single member LLC and

appropriate box in Part IV – Explanation of Final Return and/

the individual, estate, trust or general partnership, prepare a

or Short-Period Return.

pro forma form or schedule which contains only the activity of

(g) Change of Address—Check this box if the single member

the single member LLC.

LLC has changed its address.

(h) Change of Accounting Period—Check this box if the single

Line 7—Enter the short-term and long-term capital gains (losses)

member LLC has changed its accounting period. Attach a

adjusted to reflect the differences in federal and Kentucky tax

statement to the tax return showing the single member’s

laws from the following schedules or forms: (i) Form 1040 for

taxable year end before the change and its new taxable

an individual; (ii) Form 1041 for an estate or trust; (iii) Form

year end. If the single member received written approval

1065 for a general partnership; and (iv) Schedule(s) K-1. Attach

from the Internal Revenue Service to change its taxable

Schedule D (Form 1040), Schedule D (Form 1041), Schedule

year, attach a copy of the letter.

D (Form 1065), Schedule(s) K-1 or other applicable forms or

Instructions For Form 725 - Kentucky Single Member Llc Individually Owned Llet Return - 2013 Page 7

Related Articles

Related forms

Related Categories