Form 1120-C (2019)
Page 4
Schedule K Other Information (see instructions)
1 Check accounting method:
Yes No
a Cash
b
Accrual
c
Other (specify)
▶
2 See the instructions and enter the:
a
Business activity code no.
▶
b
Business activity
▶
c
Product or service
▶
d
Date of incorporation
▶
3
Check the accounting method used to compute
distributable patronage:
a
Book
b
Tax
c
Other (specify)
▶
4
At the end of the tax year, did the cooperative
own, directly or indirectly, 50% or more of the
voting stock of a domestic corporation? (For
rules of attribution, see section 267(c).) . . .
If “Yes,” attach a statement showing: (a) name
and employer identification number (EIN), (b)
percentage owned, and (c) taxable income or
(loss) before NOL and special deductions of
such corporation for the tax year ending with or
within your tax year.
5
Is the cooperative a subsidiary in an affiliated
group or a parent–subsidiary controlled group?
If “Yes,” enter name and EIN of the parent
corporation
▶
6
At the end of the tax year, did any individual,
partnership, corporation, estate, or trust own,
directly or indirectly, 50% or more of the
cooperative’s voting stock? (For rules of
attribution, see section 267(c).) . . . . . .
If “Yes,” attach a statement showing name and
identifying number. Do not include any
information already entered in 5 above. Enter
percentage owned
▶
7
Enter the cooperative’s total assets. See
instructions
▶
$
8
At any time during the tax year, did one foreign
person own, directly or indirectly, at least 25%
of (a) the total voting power of all classes of
stock of the cooperative entitled to vote, or (b)
the total value of all classes of stock of the
cooperative? . . . . . . . . . . . .
If “Yes,” enter: (a) Percentage owned
▶
and (b) Owner’s country
▶
c
The cooperative may have to file Form 5472,
Information Return of a 25% Foreign-Owned
U.S. Corporation or a Foreign Corporation
Engaged in a U.S. Trade or Business. Enter
number of Forms 5472 attached
▶
9
Check this box if the cooperative issued
publicly offered debt instruments with original
issue discount
. . . . . . . . .
▶
Yes No
If checked, the cooperative may have to file Form
8281, Information Return for Publicly Offered
Original Issue Discount Instruments.
10
Enter the amount of tax-exempt income received or
accrued during the tax year (for example, interest or
extraterritorial income)
▶
$
11a
Enter the number of foreign patrons at the end of
the tax year
▶
b
Enter the total amount of patronage distributions
described in (or deducted under) IRC 1382(b) paid
or allocated to foreign patrons
▶
12
If the cooperative has an NOL for the tax year and
is electing to forego the carryback period, check
here. See instructions . . . . . . .
▶
If the cooperative is filing a consolidated return, the
statement required by Regulations section 1.1502-21(b)
(3) must be attached or the election will not be valid.
13
Enter the available NOL carryover from prior tax
years. Do not reduce it by any deduction on page 1,
line 26a.
Patronage
▶
$
Nonpatronage
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$
14
Are the cooperative’s total receipts (page 1, line 1a
plus lines 4 through 9) for the tax year and its total
assets at the end of the tax year less than $250,000?
If “Yes,” the cooperative is not required to complete
Schedule G, L, M-1, or M-2. Instead, enter the total
amount of cash distributions and the book value of
property distributions (other than cash) made during
the tax year.
▶
$
15
Enter the amount of outstanding nonqualified
notices of allocation (attach statement)
▶
16
Does the cooperative have gross receipts of at least
$500 million in any of the 3 preceding tax years? (See
section 59A(e)(2) and (3)) . . . . . . . . .
If “Yes,” complete and attach Form 8991.
17
Did the cooperative have an election under section
163(j) for any real property trade or business or any
farming business in effect during the tax year? (see
instructions) . . . . . . . . . . . . .
18
Does the cooperative satisfy one or more of the
following? See instructions . . . . . . . .
a
The cooperative owns a pass-through entity with
current, or prior year carryover, excess business
interest expense.
b
The cooperative’s aggregate average annual gross
receipts (determined under section 448(c)) for the 3
tax years preceding the current tax year are more
than $26 million and the cooperative has business
interest expense.
c
The cooperative is a tax shelter and the cooperative
has business interest expense.
If “Yes” to any, complete and attach Form 8990.
Form 1120-C (2019)