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PH-1065 Page 2
SCHEDULE A - ALLOCABLE PARTNERSHIP INCOME
1 Ordinary income (loss) from trade or business activities. From Federal Form 1065, line 22 ............................................
2 Guaranteed payments to partners deducted on Federal Form 1065 ......................................................................................
3 City of Port Huron income tax that was deducted in determining taxable income of Federal Form 1065 ..............................
4 Total. Add lines 1 through 3 ..................................................................................................................................................
5 Non-business included in line 1 above. From Schedule B, column 1, line 3 below ............................................................
6 Total ordinary income for the city. Subtract line 5 from line 4. Distribute income to partners in Schedule C below
SCHEDULE B - OTHER INCOME AND EXCLUSIONS
Column 1 Column 2 Column 3 Column 4 Column 5
Total Resident Resident Nonresident Nonresident
Other Partners Partners Partners Partners
Income Share of Col. 1 Exclusions Share of Col. 1 Exclusions
1 Income (loss) from other partnerships, estates, trusts
from Federal Form 1065, page 1, line 4 . . . .
2 Other non-allocable income (attach schedule) .
3 Total - Line 1 plus line 2. To Schedule A line 5
4 Net income from rental real estate (Sch. K, line 2)
5 Net income from other rental activities (Sch. K, ln. 3c)
6 Interest income (Schedule K, line 5) . . . .
7 Dividend income (Schedule K, line 6a) . . .
.
8 Royalty income (Schedule K, line 7) . . . .
9 Net short-term capital gain (loss) - Sch. K line 8
10 Net long-term capital gain (loss) - Sch. K line 9a
11 Net section 1231 gain (loss) - Sch. K, line 10 . .
12 Other income (loss) - Schedule K, line 11 . . .
13 Totals - add lines 1, 2 and 4 through 12 . . . .
Note: All partners exclude income from government obligations, and the portion of gains or losses occurring before January 1, 1969. In addition,
nonresident partners exclude interest, dividends and income from activities outside the City of Port Huron.
SCHEDULE C - DISTRIBUTION TO PARTNERS
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
Allocable Income Allocation % Allocated Income Resident Partners Nonresident Partners Adjusted Partnership
(schedule A, line 6) nonresidents only column 1 x column 2 Other Income Other Income Income
(100% for residents) (sch. B, col. 2 - col. 3) (sch B, col. 4 - col. 5) (add columns 3, 4 & 5)
A
B
C
D
E
Totals
SCHEDULE D - BUSINESS ALLOCATION FORMULA I II III
Used by nonresident partners only Located everywhere Located in the city Percentage in the city
1a Average net book value of real and tangible personal property . . . . . II )I
1b Gross rentals of real property multiplied by 8 . . . . . . . . . . .
1c Total - line 1a plus line 1b . . . . . . . . . . . . . . . . . %
2 Total wages salaries, commissions and other compensation paid to all employees %
3 Gross receipts from sales made or services rendered . . . . . . . . %
4 Total of all percentages - add the percentages computed on lines 1c, 2 and 3 . . . . . . . . . . . . . . %
5 Average percentage - divide line 4 by three* - Enter here and for nonresident partners in schedule C, column 2 . . . %
*In determining the average percentage, if a factor does not exist, you must divide line 4 by the number of factors used
If you are authorized to use a special formula, give the date of your approval letter and attach a schedule detailing the calculation
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