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Schedule K-1 (Form GR-1065) 2020 Part III Partner's Share of Current Year Income
City of Grand Rapids, Final K-1 Exclusions/Adjustments and Grand Rapids Income
Income Tax Department Amended K-1 L Column A Column B Column C
i N
n o Federal Partnership Exclusions and Grand Rapids
For calendar year 2020, or tax year beginning , 2020 e Taxable Income
Return Data Adjustments
ending , 20 1 Ordinary business income (loss)
Partner's Share of Income, Exclusions, Deductions,
1a Ordinary inc. from other partnerships
Credits and Tax Paid (Included col A, ln 1, not in col C, ln 1)
Part I Information about the Partnership
A Partnership's employer identification number 2 Net rental real estate income (loss)
B Partnership's name, address, city, state and ZIP code 3 Other rental income (loss)
4 Guaranteed payments
5 Interest income
C Partnership's Business Allocation Percentage (enter 6 Dividend income
percentage from Form GR-1065, Schedule D, line 5)
%
Royalties
Part II Information about the Partner 7
D Mark box if this is a partnership partner and
enter partnership identifying number 8 Net short-term capital gain (loss)
E Partner's identifying number
9 Net long-term capital gain (loss)
F Partner's name, address, city, state and ZIP code
10 Net 1231 gain (loss)
11 Other income
G General partner or LLC Limited partner or
member manager other LLC member 12 Section 179 deduction (Included in
column C, line 1, not in Column A, ln 1)
H Domestic partner Foreign partner
13 Other Deductions
I1 What type of entity is this partner? (see instructions)
I2 Is the partner an individual resident, nonresident or
part-year resident of {City Name}? (see instructions)
I3 If this partner Is a retirement plan (IRA/SEP/Keogh/etc.), check here
J Partner's share of profit, loss, and capital (see instructions):
Beginning Ending Other information
Profit % % 20
Loss % %
Capital % %
K Partner's share of liabilities at year end:
Nonrecourse $
Qualified nonrecourse financing $
Recourse $ Part IV Partner's Share of Current Year Grand Rapids
L Partner's capital account analysis: Deductions, Credits and Tax Paid
Beginning capital account $ D Partner’s deductions for items paid by the partnership
Capital contributed during year $
Current year increase(decrease) $
Withdrawals and distributions $( )
Ending capital account $
Tax basis GAAP Section 704(b) book
Other basis (explain)
M Did the partner contribute any property with a built-in gain or loss?
Yes No C Credit for tax paid by partnership to another city (Report only
If "Yes," attach statement (see instructions) the tax paid on behalf of a resident partner)
N Partner number (as reoprted on Form GR-1065, T Grand Rapids income tax paid by the partnership
Schedule 1, Partner Information Schedule) (If partnership elects to pay tax for partners)
Revised 11/23/2015
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