Fillable Form 2020: 20S *2000012S* 6 S Corporation Information/Tax (State of Alabama)

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Form 2020: 20S *2000012S* 6 S Corporation Information/Tax (State of Alabama)

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*2000012S*
1. a. Gross receipts or sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Returns and allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Cost of goods sold (attach Federal Form 1125-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Gross Profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Net gain (loss) from Federal Form 4797, Part II, line 17 (attach Federal Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Other income (loss) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Total income (loss). Combine lines 3 through 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. Compensation of officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. Salaries and wages (less employment credits). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9. Repairs and maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10. Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11. Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12. Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13. Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Depreciation not claimed on Federal Form 1125-A or elsewhere on return (attach Federal Form 4562) . . . . . . . . . . . . . . . . . . . . .
15. Depletion (Do not deduct oil and gas depletion). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16. Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18. Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19. Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20. Total deductions (add lines 7 through 19) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21. Federal ordinary business income (loss). Subtract line 20 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22. Alabama Nonseparately Stated Reconciliations (from Schedule A, line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23. Federal ordinary business income (loss) adjusted to Alabama basis (add lines 21 and 22). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24. Net nonbusiness (income)/loss – Everywhere (from Schedule B, line 1d, Column E)
– please enter income as a negative amount and losses as a positive amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25. Apportionable income (add lines 23 and 24). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26. Alabama apportionment factor (from line 27, Schedule C). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27. Income (loss) apportioned to Alabama (multiply line 25 by line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28. Net nonbusiness income/(loss) – Alabama (from Schedule B, line 1d, Column F). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29. Small Business Health Insurance Premium Deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30. Alabama ordinary income (loss) (add lines 27, 28, and 29) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
31. Tax Due – •
6
Excess net passive income, •
6
LIFO Recapture, or •
6
Built-in Gains Tax. . . . . . . . . . . . . . . . . . . . . . . . . .
32. Tax Payments and Credits
a. 2020 estimated tax payments and amount applied from 2019 return. . . . . . . . .
b. Extension payments (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Prior payments (original return or department adjustment) . . . . . . . . . . . . . . . . .
d. Tax credits (from Schedule PC, Part S, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
e. 2017 Alabama Historic Rehabilitation Tax Credit (from Sch. PC, Part S, line 6)
f. Railroad Modernization Act (from Schedule PC, Part S, line 7). . . . . . . . . . . . . .
g. Total payments/credits (add lines 32a, 32b, 32c, 32d, 32e and 32f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33. NET TAX DUE/(AMOUNT OVERPAID) subtract line 32g from line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
34. Reductions/applications
a. Credit to 2021 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Penalty and interest due (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Total additions to tax due/applications (add lines 34a through 34b). . . . . . . . . .
35. Total amount due/(refund) (add lines 33 and 34c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If paying by check or money order, FORM PTE-V MUST ACCOMPANY PAYMENT. If you paid electronically, check here •
6
FORM
20S
Alabama Department of Revenue
S Corporation Information/Tax Return
2020
CY •
6
FY •
6
SY •
6
52/53 Week •
6
For the year Jan. 1 – Dec. 31, 2020, or other tax year beginning •_______________________, 2020, ending •_______________________, _________
Federal
Income
Federal
Deductions
(see the
instructions
for limitations)
Alabama
Adjustments
Tax Due
ADOR
FEDERAL BUSINESS CODE NUMBER FEDERAL EMPLOYER IDENTIFICATION NUMBER
• •
NAME
•
ADDRESS
•
CITY STATE 9-DIGIT ZIP CODE
• • •
STATE OF INCORPORATION NATURE OF BUSINESS DATE QUALIFIED IN ALABAMA
• • •
NUMBER OF SHAREHOLDERS NUMBER OF NONRESIDENT SHAREHOLDERS FEDERAL S STATUS
DURING TAX YEAR • INCLUDED IN COMPOSITE FILING • AUDIT CHANGE •
6
ELECTION TERMINATION •
6
VImportant
Check
applicable box:
• 6
Initial
Return
• 6
Final
Return
• 6
Amended
Return
Filing Status: (see instructions)
•
6
1. Corporation operating only in
Alabama.
•
6
2. Multistate Corporation –
Apportionment (Sch. C).
•
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3. Multistate Corporation – Separate
Accounting (Prior written approval
required and must be attached) or
Schedule B.
1c
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20
21
22
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25
26
27
28
29
30
31
32g
33
35
1a
1b
32a
32b
32c
32d
32e
32f
34a
34b
34c
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Reset Form
Check if
self-employed
6
*2000022S*
FORM 20S – 2020 Page 2
V
V
Please
Sign
Here
Paid
Preparer’s
Use Only
Preparer’s
Signature
Signature
of Officer
E.I. No.
•
ZIP Code •
Email
Address
Date
•
Telephone No.
•( )
Preparer’s PTIN
•
Firm’s Name (or yours •
if self-employed)
and address
•
Date Daytime Telephone No. Social Security No.
( )
Title
of Officer
•
6
I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer.
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are
true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
ADOR
SCHEDULE B – Allocation of Nonbusiness Income, Loss, and Expense
Nonseparately stated items
1a
1b
1c
1d Total (add lines 1a, 1b, and 1c)
Separately stated items
1e
1f
1g
1h Total (add lines 1e, 1f, and 1g)
DIRECTLY ALLOCABLE ITEMS ALLOCABLE GROSS INCOME / LOSS RELATED EXPENSE NET OF RELATED EXPENSE
Column A Column B Column C Column D Column E Column F
Everywhere Alabama Everywhere Alabama Everywhere Alabama
(Col. A less Col. C) (Col. B less Col. D)
Identify by account name and amount all items of nonbusiness income, loss, and expense
removed from apportionable income and those items which are directly allocable to Alabama.
Adjustment(s) must also be made for any proration of expenses under Alabama Income Tax
Rule 810-27-1-.01, which states, “Any allowable deduction that is ap pli ca ble to both business
and nonbusiness income of the taxpayer shall be prorated to each class of income in
determining income subject to tax as provided…” (See instructions).
Do not complete if entity operates exclusively in Alabama.
SCHEDULE A – (Nonseparately Stated Reconciliation Adjustments)
1. State and Local income taxes paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Related members interest and intangible expenses or costs. From Schedule PAB (see instructions). . . . . . . . . . . . . . . . . . . . . . . .
3. Other reconciling items (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Nondeductible Federal Depreciation (Economic Stimulus Act of 2008) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Total Additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Expenses not deductible on federal income tax return due to election to claim federal tax credit. . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. Refunds of state and local income taxes (due to overpayment or over accrual on federal return) . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. Aid or assistance provided to Alabama State Industrial Development Authority (§41-10-44.8(d)) . . . . . . . . . . . . . . . . . . . . . . . . . . .
9. O
ther reconciling items (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10. Adjustments due to Federal Economic Stimulus Act . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11. Total Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12. Total Reconciliation Adjustments (subtract line 11 from line 5 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Additions
Deductions
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Person to contact for information regarding this return:
Name: •
Telephone Number: • (        )
Email: •
*2000032S*
SCHEDULE DE – Q-Sub/Disregarded Entity Schedule
Entity Name FEIN
Income (Loss) From
All Sources
Alabama Source
Income (Loss)
List all qualified subchapter S subsidiaries (Q-Sub) and/or disregarded entities. Attach additional schedule(s) if needed.
FORM 20S – 2020 Page 3
SCHEDULE C – Apportionment Factor Schedule. Do not complete if entity operates exclusively in Alabama.
SCHEDULE D – Apportionment of Federal Income Tax (“FIT”) (LIFO Recapture Tax Only)
SCHEDULE E – Alabama Accumulated Adjustments Account
15. Alabama payroll factor — 15a ÷ 15b = 15c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1. Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Furniture and fixtures. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Machinery and equipment. . . . . . . . . . . . . . . . . . . . . . . . .
5. Buildings and leasehold improvements . . . . . . . . . . . . .
6. IDB/IRB property (at cost) . . . . . . . . . . . . . . . . . . . . . . . . .
7. Government property (at FMV) . . . . . . . . . . . . . . . . . . . .
8. •
9. Less Construction in progress (if included) . . . . . . . . . .
10. Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11. Average owned property (BOY + EOY ÷ 2). . . . . . . . . .
12. Annual rental expense . . . . . . . . . . . . . . . . . . . . . . . . . . . x8 = x8 =
13. Total average property (add line 11 and line 12). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13a . . . . . . . . . . . . . . . . . . . . . . . .
14. Alabama property factor — 13a ÷ 13b = line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
TANGIBLE PROPERTY AT COST FOR
PRODUCTION OF BUSINESS INCOME
SALARIES, WAGES, COMMISSIONS AND OTHER COMPENSATION
RELATED TO THE PRODUCTION OF BUSINESS INCOME
SALES
ALABAMA
BEGINNING OF YEAR END OF YEAR
EVERYWHERE
BEGINNING OF YEAR END OF YEAR
15a ALABAMA
15b EVERYWHERE
%
%
16. Destination sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. Origin sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18. Total gross receipts from sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19. Dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21. Rents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22. Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23. Gross proceeds from capital and ordinary gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24. Other •___________________________________ (Federal 1120S, line •_____ )
25. Alabama sales factor — 25a ÷ 25b = line 25c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26. Enter the amount from line 25c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27. Sum of lines 14, 15c, 25c, and 26 ÷ 4 = ALABAMA APPORTIONMENT FACTOR (Enter here and on line 26, page 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1. Enter the LIFO recapture tax from Federal Form 1120S, line 22a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Alabama Apportionment Factor (Schedule C, line 27). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Federal income tax apportioned to Alabama (multiply line 1 by line 2) Enter here and on line 16 of Schedule K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1. Balance at beginning of tax year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Apportionable Income (page 1, line 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Other additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Other reductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Combine lines 1 through 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Less distributions (page 4, line 19 federal amount) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. Balance at end of tax year. Subtract line 6 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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ADOR
NOTE: If any factor is not utilized in the production of business income, it shall be eliminated and the denominator reduced accordingly (810-27-1-.09).
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*2000042S*
FORM 20S – 2020 Page 4
SCHEDULE G – Other Information
1. Briefly describe your Alabama operations:
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2. Location of the corporate records:
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3. If the privilege tax return was filed using a different FEIN, please provide the name and FEIN used to file the return:
FEIN:
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NAME:
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4. If the corporation (a) was a C corporation before it elected to be an S corporation or the corporation acquired an asset with a basis determined by reference to the basis of the asset (or the basis
of any other property) in the hands of the C corporation and (b) has net unrealized built-in gain in excess of the net recognized built-in gain from prior years, enter the net unrealized built-in gain
reduced by net recognized built-in gain from prior years $
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5. Enter the accumulated earnings and profits of the corporation at the end of the tax year. $
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6. During the tax year, did the corporation have any non-shareholder debt that was canceled, forgiven, or modified terms so as to reduce the principal amount of the debt?
6
Yes
6
No
7. During the tax year, was a qualified subchapter S election terminated or revoked?
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Yes
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No
8. Did the corporation make any payments in 2020 that would require it to file Form(s) 1099?
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Yes
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No
ADOR
SCHEDULE K – Shareholder’s Distributive Share Items
Federal Amount
Apportionment
Factor
Apportioned
Amount
Enter on Alabama
Schedule K-1
Part III, Line G
Part III, Line H
Part III, Line H
Part III, Line J
Part III, Line J
Part III, Line J
Part III, Line K
Part III, Line K
Part III, Line L
Part III, Line M
Part III, Line N
Part III, Line O
Part III, Line P
Part III, Line Q
Part III, Line R
Part III, Line S
Part III, Line AA
Part III, Line M
Part III, Line T
Part III, Line T
Part III, Line U
Part III, Line V
Part III, Line W
Part III, Line X
Part III, Line Y
Part II, Line F
Part III, Line Z
Part III, Line AB
Part III, Line AC
INCOME (LOSS)
1. Ordinary income (loss) (page 1, line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. a. Other gross rental income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Expenses from other rental activities (attach statement) . . . . . . . . . .
c. Other net rental income (loss). Subtract line 3b from line 3a.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. a
. Short-term and long-term capital gain(loss) . . . . . . . . . . . . . . . . . . . . .
b. Opportunity Zone Investment(from Schedule OZ, line 4). . . . . . . . . .
c. Exemption of gain under 40-18-8.1(Tech Company). . . . . . . . . . . . . .
d. Net short-term and long-term capital gain(loss), Add lines 7a, 7b and 7c. . . . . . . . . . . . . . . . . . . . . .
8. Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9. Other income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10. Nonbusiness items (attach schedule) (Schedule B, Column B, line 1h). . . . . . . . . . . . . . . . . . . . . . . . . .
DEDUCTIONS
11. Section 179 deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12. a. Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Investment interest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13. Other deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Oil and gas depletion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15. Casualty losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16. U.S. taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. Nonbusiness items (attach schedule) (Schedule B, Column D, line 1h) . . . . . . . . . . . . . . . . . . . . . . . . .
OTHER
18. a. Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Nondeductible expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19. Distributions (attach statements if required) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20. a. Investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Investment expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Other items and amounts (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21. Total credits (attach Schedule PC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22. Composite payment made on behalf of owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23. Repayment of loans from shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24. Dividend distributions paid from accumulated earnings and profits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Multistate entities should not use Schedule K to allocate separately stated business income.
See instructions for Schedule B.
Indicate tax accounting method used:
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Form 2020: 20S *2000012S* 6 S Corporation InformationTax (State of Alabama)

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Completed 7 March 2022

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