2014
(FORM 765-GP)
*1400010036*
KENTUCKY
SCHEDULE K-1
PARTNER’S SHARE
42A765-GP(K-1) (2014)
OF INCOME, CREDITS,
For calendar year 2014 or fiscal year
Commonwealth of Kentucky
DEDUCTIONS, ETC.
beginning _______________ , 2014, and ending _______________ , 201 ___.
DEPARTMENT OF REVENUE
Partner’s identifying number ➤
Partnership’s FEIN ➤
Partner’s name, address and ZIP Code
Partnership’s name, address and ZIP Code
Check if applicable:
Qualified investment pass-through entity
Partnership formed after January 1, 2006
(i) Before change
(ii) End of
or termination
year
A
Partner’s share of liabilities:
E Enter partner’s percentage of:
Nonrecourse ......................................... $
Profit sharing ...................................
%
%
Qualified nonrecourse financing ......... $
Loss sharing .....................................
%
%
Other ...................................................... $
Ownership of capital .......................
%
%
B
What type of entity is this partner?
Individual
Estate
Corporation
S Corporation
General Partnership
Trust
Other Pass-through Entity
C
Partner’s taxable percentage of partnership’s distributive share items below (see instructions)
(1) Resident partner .................................................................................................................
100%
(2) Nonresident partner (see Schedule A, Section I, line 12) .............................................➤
%
D
Check box if nonresident partner’s income is reported on:
Kentucky Nonresident Income Tax Withholding on Distributive Share Income
Final K-1
Report and Composite Income Tax Return (Form 740NP-WH and Form PTE-WH)
Amended K-1
(a) Distributive Share Items
(b) Amount
Income (Loss)
1.
Ordinary income (loss) from trade or business activities ........................................................................................
1
00
2.
Net income (loss) from rental real estate activities ..................................................................................................
2
00
3.
Net income (loss) from other rental activities ..........................................................................................................
3
00
4.
Portfolio income (loss):
(a) Interest ................................................................................................................................................................
4(a)
00
(b) Dividends ............................................................................................................................................................
(b)
00
(c)
Royalties .............................................................................................................................................................
(c)
00
(d) Net short-term capital gain (loss) .....................................................................................................................
(d)
00
(e) Net long-term capital gain (loss).......................................................................................................................
(e)
00
(f)
Other portfolio income (loss) (attach schedule) ...............................................................................................
(f)
00
5.
Guaranteed payments to partners ............................................................................................................................
5
00
6.
Section 1231 net gain (loss) (other than due to casualty or theft) .........................................................................
6
00
7.
Other income (loss) (attach schedule) ......................................................................................................................
7
00
Deductions
8.
Charitable contributions (attach schedule) and housing for homeless deduction
(attach Schedule HH) ...................................................................................................................................................
8
00
9.
IRC Section 179 expense deduction (attach federal Form 4562 and Kentucky Form 4562) ..................................
9
00
10.
Deductions related to portfolio income (loss) (attach schedule) .............................................................................
10
00
11.
Other deductions (attach schedule) ...........................................................................................................................
11
00
Investment Interest
12.
(a) Interest expense on investment debts ..............................................................................................................
12(a)
00
(b) (1) Investment income included on lines 4(a), 4(b), 4(c) and 4(f) above .......................................................
(b)(1)
00
(2) Investment expenses included on line 10 above .......................................................................................
(2)
00
Tax Credits—Nonrefundable
13.
Kentucky Small Business Investment Tax Credit ......................................................................................................
13
00
14.
Skills Training Investment Tax Credit ..........................................................................................................................
14
00
15.
Certified Rehabilitation Tax Credit ..............................................................................................................................
15
00
16.
Kentucky Unemployment Tax Credit ..........................................................................................................................
16
00