Form It-565 - Partnership Return Of Income With Instructions And Form It-565b Apportionment Of Income Schedule Page 7
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Schedule A — Cost of goods sold
1. Method of inventory valuation — cost
; lower of cost or market
;
1. Opening inventory*
$
LIFO
; other
. (If other, attach explanation.)
2. Purchases
$
2. Was the method of inventory valuation indicated above the same
method used for last year?
Yes
No
(If “No” attach explanation.)
Less: Cost of items withdrawn
3. If inventory is valued at lower of cost or market, print total cost
for personal use
$
$
$ _______________ and total market valuation $_______________ of
3. Cost of labor, supplies, etc.
$
those items valued at market.
4. Total of Lines 1, 2, and 3
$
4. If closing inventory was taken by physical count, print date inventory
5. Less: Closing inventory
$
was taken _______________. If not at end of year, attach an explana-
tion of how the end of the year count was determined.
6. Cost of goods sold. (Print here and on Line 2,
Page 1.)
$
5. If closing inventory was not taken by a physical count, attach an
explanation of how inventory items were counted or measured.
*If different from last year ’s closing inventor y, attach explanation.
Schedule B — Income from rents and royalties
1. Kind and location of property
2. Amount
3. Depreciation
4. Repairs
5. Other expenses
(Explain on Sch. G.)
(Explain on Sch. B-1.)
(Explain on Sch. B-1.)
1. Total
2. Net income (or loss) (Column 2 less the sum of Columns 3, 4, and 5. Print on Line 7, Page 1.)
$
Schedule B-1 — Explanation of Columns 4 and 5 of Schedule B
Column
Explanation
Amount
Column
Explanation
Amount
Schedule C — Explanation of interest and taxes (Lines 16 and 17, Page 1)
Explanation
Amount
Explanation
Amount
Schedule D — Gain from sale of capital assets (See instructions for Line 9.)
1. Description of property
2. Date
3. Date
4. Gross sales price
5. Depreciation al-
6. Cost or other basis
7. Expense of sale
8. Gain or loss
acquired
sold
lowed (or allowable)
and cost of improve-
(Column 4 plus
since acquisition or
ments subsequent
Column
Jan. 1, 1934 (Attach
to acquisition or Jan.
5, less the sum of
schedule.)
1, 1934
Columns 6 and 7)
Total (Transfer net gain to Line 9, Page 1.)
$
6044
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