Income or Loss from S Corporations
Name:
EMail Address:
S-Corp. 1
FEIN
Name
Check ("x") for passive activity
Check ("x") for rental actively participating
Check ("x") if only some of the investment is at risk
1.
Ordinary income (loss)
Prior year passive loss carry-forward
2.
Rental real estate income (loss)
Prior year passive loss carry-forward
3.
Other rental income (loss)
Prior year passive loss carry-forward
4.
Interest
4-b.
Dividends
4-c.
Royalties
4-d.
Net short-term capital gain (loss)
4-e.
Net long-term capital gain (loss):
4-e-1.
28% rate gain (loss)
4-e-2.
Total for year
4-f.
Other portfolio income (loss):
Income/loss from REMIC - residual holder
Excess inclusion from REMIC
Section 212 expense from REMIC
5.
Net section 1231 gain (loss) (other than
due to casualty or theft)....
6.
Other income (loss):
Misc. - recovery bad debt, etc.
Ordinary gain (loss):
Net gain (loss) from Sec. 1256 contracts
7.
Charitable cash contributions
Charitable non-cash contributions
8.
Sec. 179 expense deduction
9.
Deductions for portfolio income (loss)
10.
Other deductions:
Taxes
Other (limited to 2% of AGI)
Penalty on early withdrawal of savings
11-a.
Interest expense on invertment debts
11-b-1.
Investment income
11-b-2.
Investment expenses
12-a.
Credit for alcohol used as fuel
12-b.
Low-inclome housing credit:
12-b-1.
From section 42(j)(5) befoe 1990
12-b-2.
Other than on line 12-b-1
12-b-3.
From section 42(j)(5) after 1989
12-b-4.
Other than on line 12-b-3
Qualifed rehabilitation expenditures
12-c.
Other credits for rental real estate
12-d.
Other credits for other rental
12-e.
Other credits
13.
Depreciation adjustment after 1989
14-a.
Adjusted gain or loss
14-b.
Depeletion (other than oil and gas):
14-c-1.
Gross income from oil or gas
14-d-2.
Deductions from oil or gas
Other adjustments and preferences
14-e.
Gross inc. sourced at shareholder level
15-b.
Foreign gross income
15-c.
Sourced at corporate level:
15-c-1.
Passive
15-c-2.
Listed categories
15-c-3.
General limitation
Deductions allocated and apportioned
15-d.
At shareholder level:
15-d-1.
Interest expense
15-d-2.
Other
15-e.
Deductions allocated and apportioned at
corporate level to foreign source income:
15-e-1.
Passive
15-e-2.
Listed categories (attach schedule)
15-e-3.
General limitation
Total foreign taxes
15-f.
Reduction in tax available for credit
15-g.
And gross income from all sources
Total expenditures for section 59(e)(2)
16-b.
Tax exempt interest income
17.
Other tax exempt income
18.
Nondeductible expenses
19.
Property distributions
20.
Amount of loan repayments
21.
Recapture of low-income housing credit:
22-a.
From section 42(j)(5) partnerships
22-b.
Other than line 22-a
