FT 1120VL Rev. 10/06                                                                                                                                                                                                                                                                                                                                                                                                                                                                              H
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Column F
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  *Apportionable                                                            Gain or Loss                     Column E less
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    OR

                                                                                                                                                                                                                                                                                          .
                                                                                                                                                                                                                                                                                                                                                                                                                                                        Tax                Year:                   G
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Column F
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  *Allocable                                                                                                              Column E less
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Gain or Loss
                                                                                                                                                                                                                                                                                          , 
                                                                                                                                                                                                                                                                                                                                    ,               .

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 F
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Valuation                     Limitation

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               E
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Gain
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         or Loss
                                                                                                                                                                                                                                                                                          and ending 

                                                                                                                                                                                                                                                                                          , 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               D                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      For taxable years ending in on or after June 26, 2003, R.C. 5733.051 distinguishes bus-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Fraction

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Caution:                                                                                                                                                                                      iness income from nonbusiness income. Only nonbusiness gains and losses are allocable. Gains                                                                                                              and losses from sales of depreciable tangible personal property and gains and losses from sales of                                                           real property are generally apportionable business income.
                                                                                                                                                                                                                                                                                                                                                                                                                                                        Ohio franchise tax           ID number:

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               C
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  (month,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Date Sold                                                                                  day, year)

                                                                                                                                                                                                                                        See Ohio Revised Code Section (R.C.) 5733.04(I)(3)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                B
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (month,                                                  day, year)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 (1990), 49 Ohio St 3d 240.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Date Acquired

                                        Attach this form to the Ohio Corporation Franchise Tax Report, Ohio form FT 1120.                                                                                                                                                                 , or other taxable year beginning 
                                                                                                                          Valuation Limitation on Gains and Losses From Sales 
                                                                                                                                                                              or Exchanges of Capital Assets or IRC Section 1231 Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Borden, Inc. v Limbach

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   ..................................................................................................................................................

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                A
                                                                                                                                                                                                                                                                                                                            The beginning of the taxpayer’s fi rst franchise tax accounting period, which ended after Dec. 20, 1971 was                  
                                                                                                                                                                                                                                                                                          For calendar year 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Kind of Property
          Department of         Taxation
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (if necessary, attach description)

                        hio                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Amounts from reverse side                                                                                                                                                                                                                                             Ohio form FT 1120, Schedule B, line 1(a)  ................................................................................................................................                                                                                                                                                                                                                                                         Total allocable gain or loss. Enter here and on Ohio form FT 1120, Schedule C, line 2, column 2. Enter Ohio                                                                                                                                             
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       1.  Short-term capital gains and losses (list below) 2.  Unused capital loss carryover (attach computation)......................................................................................... 3. Net short-term capital gain (or loss) ................................................................................................................. 4.  Long-term capital gains and losses (list below) Net long-term capital gain (or loss)  ...................................................................................................................... 5.  Gains and losses from the sale or exchange of property used in a trade or business (list below)                                                                                                                                         6.  Total valuation limitation. If GAIN, enter here and on Ohio form FT 1120, Schedule B, line 2(b). If LOSS, enter here and on                                                                                                                                                                               7.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      portion on line 4, column 1
                                                                                                                                                                                                                                                                                                                                                                                                                                                        Corporation name:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    *Gains and losses from the sales of depreciable tangible personal property and real property taxed as                                                                                                      ordinary (recapture) income or loss for federal income tax purposes are considered capital gains and                                                                                                    capital losses for franchise tax purposes. See 

FT 1120VL                         Rev. 10/06 Page 2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        H                                     
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Column F
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Apportionable*                                                                              Gain or Loss                        Column E less
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 OR

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          G
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Column F
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   *Allocable                                                                                                                 Column E less
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Gain or Loss

                 Tax Year
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          F
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Valuation                                   Limitation

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          E
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Gain
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               or Loss

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          D
                 FEIN 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Fraction

                                                                                                                                                                                          on which the tax provided for in R.C. 5733.06 is computed on the corporation’s                                                                                      net income. For purposes of division (I)(3) of this section, the amount of the prior                                                                                      loss or gain shall be measured by the difference between the original cost or                                                                                         other basis of the asset and the fair market value as of the beginning of the fi rst                                                                               taxable year on which the tax provided for in R.C. 5733.06 is computed on the                                                                                  corporation’s net income. At the option of the taxpayer, the amount of the prior                                                                                   loss or gain may be a percentage of the gain or loss, which percentage shall be                                                                                         determined by multiplying the gain or loss by a fraction, the numerator of which                                                                                   is the number of months from the acquisition of the asset to the beginning of the                                                                                 fi rst taxable year on which the fee provided in R.C. 5733.06 is computed on the                                                                                corporation’s net income, and the denominator of which is the number of months                                                                                 from the acquisition of the asset to the sale, exchange or other disposition of                                                                                the asset. The adjustments described in this division do not apply to any gain                                                                                   or loss where the gain or loss is recognized by a qualifying taxpayer, as defi ned                                                                                   in R.C. 5733.0510, with respect to a qualifying taxable event, as defi ned in that                                                                                  section. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          C
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        (month,
                                                    Instructions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Date Sold                                                                                                        day, year)

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          B
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         (month,                                                              day, year)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Date Acquired

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Clyde Williams Enterprises, Inc. and 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          A
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               , BTA Case No. 85-D-132, May 19, 1986.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Gains and Losses from the Sale or Exchange of Property used in a Trade or Business (continued)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Ohio Revised Code Section 5733.04(I)(3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Kind of Property

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         (if necessary, attach description)

                 Corporation name                                                                             In accordance with Ohio Revised Code section (R.C.) 5733.04(I)(3) valuation                                                                                limitation is the loss or gain resulting from the sale, exchange or other disposi-                                                                                        tion of a capital asset or a section 1231 asset to the extent that such loss or gain                                                                                    occurred prior to the fi rst taxable year on which the franchise tax is computed on                                                                                     the corporation’s net income.                                                                                                                                                                                                                                                                                                 The beginning of the fi rst taxable year on which the franchise tax is computed on                                                                                     the corporation’s net income is the beginning of the taxpayer’s fi rst franchise tax                                                                                  accounting period which ended after Dec. 20, 1971 (the date of enactment of the                                                                                     net income basis of the franchise tax). See                                                                                                                     Subsidiaries v Limbach                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Add any loss or deduct any gain resulting from the sale, exchange or other dispo-                                                                                   sition of a capital asset or an asset described in Internal Revenue Code section                                                                                     1231, to the extent that such loss or gain occurred prior to the fi rst taxable year                                                                                                                                                                                                                                                                                                                                                                                                                             Total