FORM 27
SCHEDULE X – ADJUSTMENT TO FEDERAL INCOME TAX RETURN
ITEMS NOT DEDUCTIBLE
.00
.00
ITEMS NOT TAXABLE
AFTI WORKSHEET
ADJUSTED FEDERAL TAXABLE INCOME
Federal Form 1120S (S Corporations) - Sch. K - Line 18(1)
Federal Form 1065 (Partnerships, LLC’s, LLP’s) - Sch. K - Analysis of Net Income (Loss), Page 5 - Line 1
(2)
Federal Form 1041 (Estates, Trusts) - Page 1 - Line 17(3)
From Federal Return (above)
a)
Excess 179 Deduction / Carryover
b)
Charitable Contribution - In Excess of
c)
Other:
d)
10% Limitation
“ADJUSTED FEDERAL TAXABLE INCOME”
e)
$
$
$
$
$
$
Form 1120S Form 1065 Form 1041
D.
C.
LOSSES THAT DIRECTLY RELATE TO THE SALE, EXCHANGE, OR OTHER
DISPOSITION OF AN ASSET DESCRIBED IN 1221 OR 1231 OF THE IRC
A.
TAXES BASED ON INCOME
B.
INCOME AND GAINS - FEDERALLY REPORTED INCOME AND GAINS FROM IRC
1221 OR 1231 PROPERTY DISPOSITIONS EXCEPT TO THE EXTENT THE INCOME
AND GAINS APPLY TO THOSE DESCRIBED IN 1245 OR 1250 OF THE IRC
N.
.00
.00
.00
.00
.00
.00
.00
.00
F.
G.
.00
5% OF THE AMOUNT DEDUCTED AS INTANGIBLE INCOME EXCLUDING
THE PORTION DIRECTLY RELATED TO THE SALE, EXCHANGE, OR
OTHER DISPOSITION OF PROPERTY DESCRIBED IN 1221 OF THE IRC
AMOUNTS PAID OR ACCRUED TO QUALIFIED SELF-EMPLOYED RETIREMENT
AND HEALTH AND LIFE INSURANCE PLANS FOR OWNERS OR OWNER-
EMPLOYEES OF NON-C CORPORATION ENTITIES
For use by taxpayers that are NOT C Corporations
REIT’S AND RIC’S - ALL AMOUNTS WITH RESPECT TO DIVIDENDS,
DISTRIBUTIONS, OR AMOUNTS SET ASIDE FOR OR CREDITED TO
THE BENEFIT OF INVESTORS AND ALLOWED AS A DEDUCTION
E.
Page
3
OTHER: (ATTACH EXPLANATION)
TOTAL ADDITIONS (ENTER ON PAGE 1, LINE 2A)
O.
INTANGIBLE INCOME SUCH AS INTEREST, DIVIDEND, PATENT, AND COPYRIGHT INCOME
ALSO INCLUDE ROYALTY INCOME EXCEPT ROYALTIES DERIVED FROM
INTEREST IN LAND (i.e. OIL AND GAS RIGHTS, ETC.)
P.
Q.
OTHER : PASS-THROUGH INCOME (LOSS)
TOTAL DEDUCTIONS (ENTER ON LINE 2B)
(attach supporting statement for line items utilized below)