DELAWARE FORM 300 
                             Delaware Partnership Return 

                             INSTRUCTIONS                                                                                            

                             GENERAL INSTRUCTIONS 

 WHO MUST FILE RETURNS 
 
 A PARTNERSHIP RETURN MUST BE COMPLETED BY ANY BUSINESS TREATED AS A PARTNERSHIP FOR 
 FEDERAL PURPOSES WHICH HAS ANY INCOME OR LOSS, REGARDLESS OF AMOUNT, DERIVED FROM 
 OR  CONNECTED  WITH  A  DELAWARE  SOURCE.  IF  THE  PARTNERSHIP  HAS  NO  DELAWARE  SOURCED 
 INCOME OR LOSS, NO RETURN IS REQUIRED TO BE FILED. 
 
 Income derived from Delaware sources includes: (a) income attributable to the ownership of any interest in real property or 
 tangible personal property located in Delaware and intangible personal property to the extent the intangible is used in a 
 trade,  business,  profession,  or  occupation  carried  on  in  Delaware;  and  (b)  income  attributable  to  a  trade,  business, 
 profession or occupation conducted in Delaware. 
 
 COMPUTATION OF THE TAX 
 
 A partnership, as such, is not subject to tax. Instead, the partnership’s partners are liable for Delaware personal income tax 
 on their respective shares of partnership income. 
 
 A non-resident partner of a partnership with income from Delaware sources must file Form  PIT-NON (Non- Resident 
 Delaware Income Tax Return, formerly known as 200-02), or a Composite Return, and report their share of Delaware 
 sourced partnership income or loss. A resident partner must file Form PIT-RES (Delaware Resident Income Tax Return, 
 formerly known as 200-01) and must report their share of partnership income or loss. 
 
 WHEN AND WHERE TO FILE 
 
 Partnerships must file by the 15th day of the third month following the expiration of the taxable period (March 15 for 
 calendar year taxpayers). Returns should be mailed to the Delaware Division of Revenue, P.O. Box 8703, Wilmington, 
 DE 19899-8703. 
 
 EXTENSION OF TIME TO FILE 
 
 Extension of time to file returns may be obtained by submitting a copy of the Federal extension application on or before 
 the due date of the partnership return. A photocopy of the approved Federal extension MUST be attached to the return 
 when filed. The approved Federal extension will extend the due date of the Delaware return to the same date as your 
 Federal extension due date. 
 
 PENALTIES AND INTEREST 
 
 PENALTY - FAILURE TO FILE - A penalty will be imposed on partnerships for failure to file a partnership return or 
 failure  to  furnish  the  information  on  such  return.  The  amount  of  the  penalty  imposed  for  each  month  such  failure 
 continues, is the product of $25.00 times the number of partners during any part of the taxable year but is limited to a 
 maximum of 5 months. 
 
 PENALTY - NEGLIGENCE/FRAUD - The law provides severe penalties for a false or fraudulent return, or for making a 
 false certification. The mere fact that the figures you report on your Delaware return are taken from your Federal return will 
 not relieve you from the imposition of these penalties. 
 
 AMENDED RETURNS 
 
 The Partnership can make changes to income, deductions, credits, etc., by filing an amended partnership return. This form 
 should also be filed when you have been notified as to the results of a federal audit. A copy of the federal audit and/ or 
 amended Federal Form 1065, with all supporting schedules, must be attached to the Delaware amended return. 

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                        DELAWARE FORM 300 
                        Delaware Partnership Return 
                                               INSTRUCTIONS  

                        SPECIFIC INSTRUCTIONS 
 
 NATURE OF BUSINESS 
 Please enter the business code number from Federal Form 1065, Item C on page 1. 
 Line A – If the address of the partnership has changed, check the Change of Address box. Also indicate which address 
 has changed by checking the box for Location, Mailing and/or Billing address. 
 Every partnership must attach a complete copy of the Federal form 1065, as filed with the Internal Revenue Service, 
 including all schedules other than Schedule K-1. 

 SCHEDULE 1 
 
 This schedule is to be completed by all partnerships required to file in Delaware. Any partnership claiming the pass- 
 through of any Delaware business tax credit should complete and attach Delaware Form 700. 

 Line 3 – If the partnership did business in Delaware and one or more other states during the year, Line 3 should be derived 
 by multiplying the partnerships income on line 1 times the apportionment factor calculated on Schedule 2, Section D, Line 
 16, unless the partnership has maintained records of allowing for a complete separate accounting for its items of Delaware 
 sourced income and deductions. If the partnership did business only in Delaware, then it is not necessary to complete 
 Schedule 2 and Columns A and B will be the same. 

 You must attach an explanatory statement: (a) with respect to any item allocated, in whole or in part, to a source outside 
 Delaware; and (b) in the event a partnership conducting business in Delaware and in one or more other states do not 
 calculate Column B by means of the apportionment percentage method. 

 LINES 5 THROUGH 14 – Items connected with or derived from sources within Delaware include: (1) taxable dividends, 
 net gains, or losses from sales of intangible personal property when Delaware is the place from which the trade or business 
 of the filing partnership is directed or managed provided the property is used in a trade or business of the partnership; and 
 (2) income derived by virtue of an activity conducted, or tangible property located, in Delaware. 

 SCHEDULE 2 
 Partnerships with (a) income or loss derived from or connected with sources within Delaware and another state, and (b) 
 one or more partners who are non-residents of Delaware, must file Schedule 2. 

 Include in the factor on the appropriate line the partnership’s share of a) real and tangible property owned and/or rented; 
 b) wages, salaries, bonuses, and other compensation; c) gross receipts from the sale of tangible personal property; and d) 
 gross income from other sources resulting from the partnership’s proportionate ownership as a general or limited partner in 
 an active partnership. 
 
 NOTE:  COLUMN  A  RELATES  TO  PROPERTY  AND  ITEMS  OF  INCOME  AND/OR  LOSS  FOR  THE 
 PARTNERSHIP DERIVED FROM SOURCES WITHIN DELAWARE. COLUMN B RELATES TO THE TOTAL 
 OF ALL SOURCES OF PROPERTY AND ITEMS OF INCOME AND/OR LOSS FOR THE PARTNERSHIP. 
 
 Line 1 – Enter the original cost value of real and tangible personal property owned and used by the partnership for the 
 beginning and at the end of the taxable year. 
 Line 2 – Enter the value of rented real and tangible property used by the partnership. The value is computed at eight (8) 
 times the annual rental cost of the property. 

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                                DELAWARE FORM 300 
                                Delaware Partnership Return 
                                INSTRUCTIONS  
 
 NOTE: REAL AND TANGIBLE PERSONAL PROPERTY OWNED BY THE UNITED STATES GOVERNMENT 
 THAT IS USED OR OPERATED BY THE PARTNERSHIP SHALL BE DISREGARDED. 
 Line 3 - Add Lines 1 and 2. 
 Line 4 - Enter the original cost value of any real and tangible personal property for which income was reported on Page 1, 
 Schedule 1, Line 5 through 14. 

 Line 5 - Net Values. Subtract Line 4 from Line 3. 

 Line 6 - Combine the totals on Line 5 for each column. 

 Line 7 - Divide the amount on Line 6 by two (2) for each column. 
 
 SECTION B - WAGES, SALARIES AND OTHER COMPENSATION 
 
 Line 8 - Enter in Column A, the total wages, salaries, bonuses, and other compensation you paid or accrued to employees 
 and/or  officers  engaged  in  employment  within  the  State  of  Delaware.  Enter  in  Column  B,  the  total  wages,  salaries, 
 bonuses,  and  other  compensation  you  paid  or  accrued  to  ALL  employees  and/or  officers  regardless  of  place  of 
 employment. 
 
 SECTION C – GROSS RECEIPTS SUBJECT TO APPORTIONMENT 
 
 Line 9 - Enter in Column A, the partnership’s gross receipts from sales of tangible personal property physically delivered 
 to the purchaser or his agent within the State of Delaware. DO NOT INCLUDE delivery to the United States mail or to a 
 common or contract carrier for shipment to a place outside Delaware. Enter in Column B, the partnership’s total gross 
 receipts from the sales of tangible personal property for the taxable year. 
 
 Line 10 - Enter in Column A, all other gross income (if any) of the partnership from sources derived from activities 
 performed within the State of Delaware which is not tax exempt and/or reflected on Page 1, Schedule 1, Lines 5 through 
 14. Enter in Column B, all other gross income (if any) of the partnership, regardless of source, which is not tax exempt 
 and/or reflected on Page 1, Schedule 1, Lines 5 through 14. 

 Line 11 - Add Lines 9 and 10. 
 SECTION D - DETERMINATION OF APPORTIONMENT PERCENTAGE 
 
 NOTE: ALL PERCENTAGES SHOULD BE COMPUTED TO AT LEAST SIX (6) DECIMAL PLACES. 
 (For example: 33.123456%). 
 
 Line 12a - Enter the amount from Column A, Line 7. 

 Line 12b - Enter the amount from Column B, Line 7. 

 Line 12c - Divide Line 12a by Line 12b and enter the result on Line 12c. 

 Line 13a - Enter the amount from Column A, Line 8. 

 Line 13b - Enter the amount from Column B, Line 8. 

 Line 13c - Divide Line 13a by Line 13b and enter the result on Line 13c. 
 Line 14a - Enter the amount from Column A, Line 11. 
 Line 14b - Enter the amount from Column B, Line 11. 

 Line 14c - Divide Line 14a by Line 14b and enter the result on Line 14c. 

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                                      DELAWARE FORM 300 
                                     Delaware Partnership Return 
                                       INSTRUCTIONS  

Line 15 - Add Lines 12c, 13c and 14c. 

Line 16 - If the partnership has a percentage for all three apportionment factors (Lines 12c, 13c and 14c), divide Line 15 
by three (3). If the partnership only has two apportionment factors, divide Line 15 by two (2). If the partnership has only 
one apportionment factor, enter the amount of Line 15 on Line 16. 

SCHEDULE K-1: 

The partnership is required to prepare and give a Schedule K-1 to each person who was a partner in the partnership at 
any time during the year. 

For an individual partner, enter the partner’s social security number (SSN) or individual taxpayer identification number 
(ITIN). For all other partners, enter the partner’s employer identification number (EIN). 

Identify the partner’s type of entity by entering the appropriate code and descriptions. These codes are identified below: 

                                     Partner’s Type of Entity Codes and Descriptions 

              CODE  DESCRIPTION                     CODE  DESCRIPTION 
              01          Individual                08             Trust 
              02          Partnerships              09             Cooperative 
              03          Non-Profit Organization   10             Holding/Investment Corporation 
              04          Domestic Corporation      11             Professional Association 
              05          Foreign Corporation       12             Bank/Financial Institution 
              06          Subchapter Corporation    13             Limited Liability Company 
              07          Estate                    14             Other - Please Describe 

The amounts reported in Column B should equal, in the case of Delaware residents, the total of Lines 1 through 11 of  the 
Federal Form K-1. In the case of non-residents, it should equal the total of the Column B (“Within Delaware”) from Page 1, 
Schedule 1, Lines 4 through 14. 

        New Castle County                        Kent County                              Sussex County 
        Carvel State Office Building      Thomas Collins Building                         20853 N. DuPont Highway 
        820 North French Street        540 S DuPont Highway Suite 2                                       Suite 2 
        Wilmington, DE 19801                      Dover, DE 19901                         Georgetown, DE 19947 
        (302) 577-8200                            (302) 744-1085                          (302) 856-5358

                          Toll-free telephone number (Delaware only) 1-800-292-7826 
              Mail return to Delaware Division of Revenue, P.O. Box 8703, Wilmington, Delaware 19899-8703 

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