GR-1065 GRAYLING 2022 22MI-GR-1065-1 PARTNERSHIP INCOME TAX RETURN For fiscal year or other taxable period beginning / / 2022 and ending / / IDENTIFICATION AND INFORMATION A1. Name of partnership B1. Employer identification No. B2. Date business started A2. In care of B3. Principal business activity B4. Principal product or service A3. Street number and name A4. Rm. or Ste. No. B5. Number of partners B6. Number of employees C. What type of entity is filing this return? Check the appropriate box: A4. Address 2 C1. Domestic general partnership C4. Domestic limited partnership C2. Domestic limited liability C5. Domestic limited liability company (LLC) partnership (LLP) A5. City, town or post office A6. State A7. Zip code C3. Foreign partnership C6. Other ► D. What type of return filed. Check all boxes that apply: A8. Foreign country name A9. Foreign province/county A10. Foreign postal code D1. Information only D3. Amended return D2. Initial return D4. Final return Enter below the general partner or member manager designated as the tax matters partner (TMP) on the federal partnership return for the tax year of this return: E1. Name of designated TMP E4. Identifying number of TMP E2. If the TPM is an entity, name E5. Phone number of TMP of TMP representative E3. Address of designated TMP F. Mark (X) box if partnership elects to pay tax on behalf of partners, complete the remaining sections of the return that apply and the remainder of this page. The partnership may elect to pay tax for partners only if it pays the tax for ALL partners subject to the tax. If the partnership elects to file an information return, complete the Identification and Information section, the Disclosure section, the Signature section of this page and the remaining sections of the return that apply to the partnership. TAX 1. Tax (Sum of totals of Tax Due Schedule 2, column 8 and column 9) 1 2a. Estimated income tax payments for tax year 2a 2b. Prior year credit forward 2b PAYMENTS & 2c. Extension Payment 2c CREDITS 2d. Tax paid by another partnership 2d 2e. Credit for tax paid to another city on behalf of resident partners (Enter total from Sch G, col 7) 2e 2f. Total tax paid (Add lines 2a through 2e) 2f 3. If the tax due (line 1) is larger than the payments and credits (line 2f), enter balance due BALANCE DUE Enclose check or money order payable to the City of Grayling. 3 OVERPAYMENT 4. If payments and credits (line 2f) are larger than tax (Line 1), enter overpayment 4 CREDIT FWD 5. Overpayment to be credited forward and applied to 2023 estimated tax 5 6. Donations: Capital Improvement Fund The Northern Market Grayling Main Street DONATIONS Total 6a. 6b. 6c. Donations 6d REFUND 7. Refund. 7 ELECTRONIC 8. NOT APPLICABLE REFUND OR PAYMENT DATA DISCLOSURE OF RETURN INFORMATION 9. Do you want to allow the preparer or another person to discuss this return with the Income Tax Office? 9a. Yes, complete 10a and 10b 9b. No 10a. Designee's name 10b. Designee's phone number SIGNATURE Under the penalty of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief it is true, correct and complete. If prepared by a person other than taxpayer, the preparer's declaration is based on all information of which preparer has any knowledge. 11a. Date signed 11b. Signature of partner 11c. Printed name of partner signing return 11d. Phone number ( ) - 12a. Signature of preparer 12c. Firm name 12g. Date prepared 12d. Address 1 (include suite #) 12b. Printed name of preparer 12e. Address 2 12h. Preparer's phone number 12f. City, state & zip code ( ) - Return is due April28 2023 , or the last day of the fourth month after the close of tax year. 13. NACTP software number See instructions for mailing address. Page 1 of 8 |
Name of partnership Partnership's FEIN 2022 Form GR-1065, Schedule 1 SCHEDULE 1 - PARTNER INFORMATION SCHEDULE Attachment 1 P COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 AN NAME AND ADDRESS OF ALL PARTNERS PARTNER'S TYPE OF ENTITY IF PARTNER IS AN IF COLUMN 4 SOCIAL SECURITY OF PARTNER INDIVIDUAL OR EQUALS PART- RU OR EMPLOYER (Follow Federal Form NOMINEE YEAR RESIDENT TM (Complete column 1, column 2 and, if necessary, columns 3 and 4; if IDENTIFICATION 1065 instructions for REPRESENTING AN ENTER RESIDENCY NB column 4 for partner equals part-year (PR or PN), report the resident and NUMBER Schedule K-1, Item I; INDIVIDUAL, ENTER START DATE ON E E nonresident portions on separate partner lines) see Partner Entity RESIDENCE STATUS OF RESIDENT (PR) RR Classification Chart) PARTNER (R = Resident, LINE AND END Enter partner's name and address as per example below N = Nonresident, DATE ON PR = Part-year resident NONRESIDENT Partner's Name portion, PN = Part-year (PN) LINE EX Street number, street name and suite number nonresident portion) City, state, zip code 1 2 3 4 5 6 7 8 9 10 Page 2 of 8 |
Name of partnership Partnership's FEIN 2022 Form GR-1065, Schedule 2 SCHEDULE 2 - PARTNER INCOME AND TAX CALCULATION SCHEDULE Partnerships filing an information return complete only columns 1 through 4. Partnerships electing to pay tax must complete all applicable columns. Attachment 2 COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 COLUMN 9 COLUMN 10 N PU PARTNER'S NAME TYPE OF ENTITY PARTNER'S TOTAL INCOME ALLOWABLE EXEMPTIONS TAXABLE INCOME TAX AT TAX AT TAX PAID AM OF PARTNER SOCIAL SECURITY (FromSchedule C, DEDUCTIONS (See note 2 on (Column 4 less RESIDENT OR NONRESIDENT (Column 8 less OR EMPLOYER column 8; See page 1, columns 5 and 6) RB (From Partner IDENTIFICATION box F) (See instructions) page 1 and CORPORATION TAX RATE Schedule G, TE Information Sch.) NUMBER (From TAX RATE (Column 7 column 6; or NR instructions) Partner Information E Sch.) (Column 7 multiplied column 9; see R Federal Residency multiplied by tax rate) Instructions) Classification Status by tax rate) 1 2 3 4 5 6 7 8 9 10 Totals Page 3 of 8 |
Name of partnership Partnership's FEIN 2022 Form GR-1065, Schedules A & B SCHEDULE A – ALLOCABLE PARTNERSHIP ORDINARY BUSINESS INCOME Attachment 3 1. Ordinary business income (loss) (Form 1065, pg. 1, line 22) (Attach copy of federal Form 1065, Sch K (1065), ancillary schedules and statements) 2. Add City of Grayling income tax, if deducted in determining income on federal Form 1065 3. Add interest and other costs incurred in connection with the production of income exempt from {City Name} income tax (Attach schedule) 4. Deduct Sec. 179 depreciation (Federal Schedule K, line 12) 5. Other partnership deductions allowed under Michigan Uniform City Income Tax Ordinance (Attach explanation) 6 Deduct ordinary income (loss) from other partnerships, estates & trusts (Federal Form 1065, page 1, line 4; attach explanation) 7. Total adjusted ordinary business income (Add lines 1, 2, 3 and subtract lines 4, 5 and 6) SCHEDULE B – PARTNERSHIP INCOME NOT INCLUDED IN SCHEDULE A Attachment 4 COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 ATTACH COPY OF FEDERAL FEDERAL APPORTIONED TOTAL TOTAL TOTAL EXCLUDIBLE TOTAL TOTAL TAXABLE TOTAL TAXABLE SCHEDULE K (1065) FORM 1065 INCOME EXCLUDIBLE EXCLUDIBLE CORPORATION EXCLUDIBLE AT RESIDENT OR AT NONRESIDENT REFERENCE RESIDENT NONRESIDENT, PARTNERS' OTHER CORPORATE TAX RATE PARTNERS' ESTATE AND PORTION OF PARTNERS' TAX RATE (Column 1 less PORTION OF TRUST COLUMN 1 PORTION OF (Column 1 less column 3) ATTACH SCHEDULES TO COLUMN 1 PARTNERS' COLUMN 1 column 2, 4 or 5) EXPLAIN ALL EXCLUSIONS PORTION OF (Partners not in COLUMN 1 columns 2, 3 or 4) NONBUSINESS INTEREST AND DIVIDENDS (SEE INSTRUCTIONS) 1. Nonbusiness interest income Sch. K, line 5 2. Nonbusiness dividend income Sch. K, lines 6a SALE OR EXCHANGE OF PROPERTY (SEE INSTRUCTIONS) 3. Net short-term capital gain (loss) Sch. K, line 8 4. Net long-term capital gain (loss) Sch. K, L. 9a - c 5. Net Section 1231 gain (loss) Sch. K, line 10 RENTS AND ROYALTIES (IF INCOME INCLUDES RENTAL REAL ESTATE, ATTACH COPY OF FEDERAL FORM 8825) 6. Net income (loss) from rental Sch. K, line 2 real estate activities 7. Net income (loss) from other Sch. K, line 3c rental activities 8. Royalty income Sch. K, line 7 OTHER INCOME 9. Other income Sch. K, line 11 10. Ordinary income from other Form 1065, line 4 partnerships (See ** below) 11. Total apportioned income (Add lines 1 through 10 of each column) Amounts reported in column 1 are from federal Form 1065 or Schedule K (1065). ** Attach schedule showing name, address and FEIN of each partnership. Page 4 of 8 |
Name of partnership Partnership's FEIN 2022 Form GR-1065, Schedules C & D SCHEDULE C – INCOME DISTRIBUTION TO PARTNERS Attachment 5 COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 N ADJUSTED GUARANTEED INCOME ALLOCATION PERCENTAGE ALLOCATED RESIDENT, CORPORATION NONRESIDENT, TOTAL INCOME (Resident partners enter 100%; AND PARTNERSHIP P U ORDINARY PAYMENTS TO SUBJECT TO partnership partners see ORDINARY PARTNER'S PORTION OF ESTATE AND (Add columns 5, 6 and 7; A M BUSINESS PARTNERS ALLOCATION instructions; other partners enter BUSINESS SCHEDULE B INCOME TRUST If partnership elects to pay tax, enter on Schedule R B INCOME (Total (Fed. 1065, line (Add Column 1 percentage from Sch. D, line 5) INCOME (From Schedule B, line 11, PARTNER'S 2, column 1 ) T E equals 10) and Column 2) (Column 3 column 6) PORTION OF N R Schedule A, line 7) multiplied by SCHEDULE B E percentage in INCOME R Column 4) (From Schedule B, line 11, column 7) 1 % 2 % 3 % 4 % 5 % 6 % 7 % 8 9 % % 10 % Totals % SCHEDULE D – BUSINESS ALLOCATION PERCENTAGE Attachment 6 COLUMN 1 COLUMN 2 COLUMN 3 LOCATED EVERYWHERE LOCATED IN CITY PERCENTAGE 1. a. Average net book value of real and tangible personal property (Column 2 divided b. Gross annual rent paid for real property only, multiplied by 8 by column 1) c. Totals (Add lines 1a and 1b) % 2. Total wages, salaries, commissions and other compensation of all employees % 3. Gross receipts from sales made or services rendered % 4. Total percentages (Add the percentages computed in column 3, lines 1c, 2 and 3) % 5. Business allocation percentage (Divide line 4 by the number of factors) Enter here and on Schedule C, column 2 (See note below) % Note 3. In determining the business allocation percentage (Line 5), a factor shall be excluded from the computation only when such factor does not exist anywhere insofar as the taxpayer's business operation is concerned. In such cases, the sum of the remaining percentages shall be divided by the number of factors actually used. In the case of a taxpayer authorized by the Income Tax Administrator to use one of the special formulas, attach an explanation and use the lines provided below: a. Numerator c. Percentage (a divided by b) (Enter here and on Schedule C, Col. 2) % b. Denominator d. Date of Administrator's approval letter (mm/dd/yyyy) Page 5 of 8 |
Name of partnership Partnership's FEIN 2022 Form GR-1065, Schedule E SCHEDULE E – RENTAL REAL ESTATE Attachment 7 If the business activity of the partnership includes rental of real estate, indicate below the complete address and the gain or loss of each property. PROPERTY # PROPERTY ADDRESS (Street number, street name, city, state and zip code) GAIN OR LOSS 1. 2. 3. 4. 5. TOTALS (ATTACH COPY OF FEDERAL FORM 8825) Page 6 of 8 |
Name of partnership Partnership's FEIN 2022 Form GR-1065, Schedule G SCHEDULE G – CREDIT FOR TAX PAID TO ANOTHER CITY ON BEHALF OF RESIDENT PARTNERS Attachment 8 If tax is paid to more than one other city on behalf of a resident partner, use a separate line for each city. Total the amounts in column 6 for the partner and enter the total credit for the partner on the last line for the partner in column 7. COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 P NAME OF OTHER CITY INCOME TAXABLE BY NUMBER OF TAX AT CITY'S TAX PAID TO OTHER CITY CREDIT FOR TOTAL CREDIT N A OTHER CITY AND EXEMPTIONS NONRESIDENT (Subtract the result of column TAX PAID TO FOR TAX PAID TO U R ALSO TAXABLE BY CLAIMED BY TAX RATE 3 multiplied by other city's OTHER CITY OTHER CITY ON M T GRAYLING PARTNER (Tax (Subtract the result of exemption value from column (Smaller of column 4 BEHALF OR B N Due Schedule, column 3 multiplied by 2 and multiply the difference or column 5) PARTNER E column 6) city's exemption value by other city's nonresident (Column 6 total for E R from column 2 and tax rate) partner; place on R multiply the difference by last line for partner) the partner's resident city's nonresident tax rate) 999 Example Lansing 10,000 3 62 41 41 999 Example Detroit 5,000 3 24 39 24 999 Example Saginaw 12,000 3 77 77 77 142 Total credit for tax paid to another city (Add amounts in column 7; enter here and on page 1, line 2e) Page 7 of 8 |
Partnership's name Partnership's FEIN 2022 GRAYLING SCHEDULE N – SUPPORTING NOTES AND STATEMENTS Attachment 10 Page 8 of 8 |