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                                              CITY OF LAPEER  L-1065                                                                                              2______
                                                 PARTNERSHIP INCOME TAX RETURN
           FOR CALENDAR YEAR 2_______ OR OTHER TAXABLE PERIOD BEGINNING _________________, 2_______ AND ENDING __________, 2________
                                               IDENTIFICATION AND INFORMATION
               NAME OF PARTNERSHIP                                                                   Federal Employer Identification Number
   PLEASE                                                                                            Type of Return - Check one
    TYPE       NUMBER AND STREET                                                                                                  Information only      Payment on behalf of all partners
    OR                                                                                               Date Business Started
    PRINT      CITY, TOWN OR POST OFFICE                           STATE                    ZIP CODE Number of Employees on December 31
                                                                                                     Number of Partners
           Initial Lapeer Return                        Final Lapeer Return                          Telephone Number
      ATTACH A COPY OF PAGES 1-4 OF FEDERAL 1065 AND SCHEDULE K                                      Main Address in Lapeer
                                                                                  SOCIAL SECURITY                                 COLUMN A         COLUMN B   COLUMN C      COLUMN D
       NAME AND HOME ADDRESS OF EACH PARTNER                                                         OR FEDERAL                                     NON                 C= CORP
                                                                                                     IDENTIFICATION               RESIDENT         RESIDENT   PART-YEAR O= OTHER
   (Also, fill in the Social Security or Federal I.D. numer and Column A,B,C or D                    NUMBER                       FULL YEAR        FULL YEAR  RESIDENT  P=PTNRS
a.                                                                                                                                                            FROM
                                                                                                                                                              TO
b.                                                                                                                                                            FROM
                                                                                                                                                              TO
c.                                                                                                                                                            FROM
                                                                                                                                                              TO
d.                                                                                                                                                            FROM
                                                                                                                                                              TO
e.                                                                                                                                                            FROM
                                                                                                                                                              TO
NOTE 1     The partnership may pay tax for partners only if it pays for ALL partners subject to the tax.  If the partnership elects to use this return as an information return, complete page 2 and fill 
           in column 1 below; it will not be necessary to fill in columns 2 through 6 since a computation of tax need not be made.
NOTE 2     A partner who has other income in addition to the partnership income must file an individual return and show on such return the amounts entered below in columns 1, 2 and 6.  A 
           partner who is claiming an exemption as a member of another partnership is NOT to claim the exemption in this partnership return in column 3.
       INCOME SCHEDULE 1: TAX PAYMENT BY PARTNERSHIP (If information return only, disregard columns 2 thru 7)
       COLUMN 1                  COLUMN 2               COLUMN 3                                     COLUMN 4                     COLUMN 5              COLUMN 6        COLUMN 7
                                                                                                                                                    NONRESIDENT 
ADJUSTED PARTNERSHIP     ALLOWABLE INDIVIDUAL           EXEMPTIONS       TAXABLE INCOME                             RESIDENT TOTAL                      TOTAL TAX       CREDITS  (SEE 
   INCOME (FROM PAGE 2,    DEDUCTIONS (SEE     (SEE NOTE 2 AND                    (COLUMN 1 LESS                    TAX (MULTIPLY                       (MULTIPLY       INSTRUCTIONS)
SCHEDULE C, COLUMN 7)            INSTRUCTIONS) INSTRUCTIONS)                      COLUMNS 2 AND 3)                  COLUMN 4 BY .01 )                   COLUMN 4 BY    
      (See note 1 above)                                                                                                                                .005 )
1.  a.     $             $                     $                                  $                             $                                  $                   $
2.  b.
3.  c.
4.  d.
5.  e.
6.  Totals $             $                     $                                  $                             $                                  $                   $
7. Total tax (add line 6 of column 5 and 6)                                                                                                        $
                                               PAYMENTS AND CREDITS
8.         a. TAX PAID WITH EXTENSION                                                                                                              $
           b. CREDITS AND PAYMENTS ON DECLARATION OF ESTIMATED LAPEER INCOME TAX                                                                   $
           c. OTHER CREDITS-EXPLAIN IN ATTACHED STATEMENT                                                                                          $
9.         TOTAL - ADD LINES 8a, b AND c (THIS TOTAL MUST AGREE WITH THE TOTAL OF COLUMN 7 ABOVE)                                                  $
                                              TAX DUE OR OVERPAYMENT
10.        IF YOUR TAX (LINE 7) IS LARGER THAN YOUR PAYMENTS (LINE 9) ENTER BALANCE DUE                                                     BALANCE DUE >> $
11.        IF THE PAYMENTS (LINE9) ARE LARGER THAN THE TAX (LINE 7 TOTAL) ENTER OVERPAYMENT                                                 OVERPAYMENT>> $
12.        OVERPAYMENT TO BE CREDITED FORWARD AND APPLIED TO ESTIMATED TAX                                                                  CREDIT FORWARD             $
13.        OVERPAYMENT TO BE REFUNDED                                                                                                       REFUND                     $
DIRECT DEPOSIT         a. ROUTING NUMBER (MUST BE 9 DIGITS)  ____  ____  ____  ____  ____  ____  ____  ____  ____                                                 c. SAVINGS
OF REFUND              b. ACCT #   ____  ____  ____  ____  ____  ____  ____  ____  ____  ____  ____  ____  ____  ____  ____  ____  ____                                CHECKING
           I DECLARE THAT I HAVE EXAMINED THIS RETURN (INCLUDING ACCOMPANYING SCHEDULES) AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, IT IS TRUE, 
           CORRECT AND COMPLETE.  IF PREPARED BY A PERSON OTHER THAN THE TAXPAYER, THIS DECLARATION IS BASED ON ALL INFORMATION OF WHICH THE 
           PREPARER HAS MY KNOWLEDGE.
I AUTHORIZE THE INCOME TAX DEPARTMENT TO DISCUSS THIS RETURN AND ATTACHMENTS WITH THE PREPARER.                                                                         YES                               NO
SIGN           /     /
           DATE          SIGNATURE OF PARTNER OR MEMBER                                                       TITLE                                               PHONE
SIGN           /     / 
           DATE          PREPARER'S SIGNATURE             NAME OF FIRM AND ADDRESS                                                                                PHONE
                      PAY BALANCE DUE IN FULL WITH THIS RETURN.  MAKE REMITTANCE PAYABLE TO: LAPEER CITY TREASURER
                         MAIL TO:  INCOME TAX DEPARTMENT, 576 LIBERTY PARK, LAPEER MI  48446



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                                                        SCHEDULE A - ALLOCABLE PARTNERSHIP INCOME
1. ORDINARY INCOME (OR LOSS) FROM PAGE 1, LINE 22, U.S. PARTNERSHIP RETURN OF INCOME, FORM 1065                                                                   $
2. ADD INTEREST AND OTHER COSTS INCURRED IN CONNECTION WITH THE PRODUCTION OF INCOME EXEMPT FROM LAPEER INCOME 
     TAX                                                                                                                                                          $
3. ADD CITY OF LAPEER INCOME TAX, IF DEDUCTED IN DETERMINING INCOME ON FEDERAL FORM 1065                                                                          $
4. DEDUCT SECTION 179 DEPRECIATION (FED SCH. K. LINE 12) AND OTHER DEDUCTIONS ALLOWED (ATTACH EXPLANATION)                                                        $
5. TOTAL ADJUSTED INCOME SUBJECT TO ALLOCATION - (ADD LINES 1, 2 AND 3 AND SUBTRACT LINE 4)                                                                       $

                                                        SCHEDULE B - NON-BUSINESS INCOME AND EXCLUSIONS
                                                                                     COLUMN 1              COLUMN 2      COLUMN 3            COLUMN 4              COLUMN 5
                                                                                                           RESIDENT                          NON-RESIDENT          TAXABLE 
        ATTACH COPY OF FEDERAL SCHEDULE K (1065)                  FEDERAL FORM       TOTAL NON-            PARTNERS'     TAXABLE RESIDENT    PARTNER'S             NONRESIDENT 
                                                        1065 REFERENCE         BUSINESS INCOME             EXCLUSIONS OF PARTNER'S SHARE     EXCLUSIONS OF         PARTNER'S SHARE 
     ATTACH SCHEDULES TO EXPLAIN ALL EXCLUSIONS                                                                  COL. 1  OF COL. 1           COL. 1                OF COL.1
INTEREST AND DIVIDENDS
1. Interest Income                                      Sch. K, Line 5
2. Dividend income                                      Sch.K, Line 6a
         SALE OR EXCHANGE OF PROPERTY (SEE INSTRUCTIONS)
3. Net short term capital gain (loss)                   Sch K, Line 8
4. Net long term capital gain(loss)                     Sch K, Line 9a
5. Net Section 1231 gain (loss)                         Sch K, Line 10
RENT AND ROYALTIES (IF NON-BUSINESS INCOME INCLUDES 
RENTAL REAL ESTATE, ATTACH COPY OF FEDERAL FORM 8825)
6. Net income (loss) from rental real estate activities Sch K, Line 2
7. Net income (loss) from other rental activities       Sch K, Line 3c
8. Royalty Income                                       Sch K, Line 7
OTHER INCOME
9. Other income                                         Sch K, Line 11
10. TOTALS (Add lines 1 through 9)

                                                        SCHEDULE C - DISTRIBUTION TO PARTNERS
         COLUMN 1                     COLUMN 2          COLUMN 3          COLUMN 4               COLUMN 5        COLUMN 6a                   COLUMN 6b             COLUMN 7
                                                                                                                                             NONRESIDENT 
                                      GUARANTEED        INCOME SUBJECT    NONRESIDENT            ALLOCATED       RESIDENT PARTNER'S          PARTNER'S             TOTAL INCOME (Add 
                                    PAYMENTS TO         TO ALLOCATION     ALLOCATION             BUSINESS INCOME NONBUSINESS INCOME          NONBUSINESS          Columns 5, 6a and 6b) (Enter 
         ADJUSTED                     PARTNERS          (Add column 1 and PERCENTAGE PER  (Column 3 times % in   (total equals Sch. B Column INCOME (Total        here and on page 1, column 
         BUSINESS INCOME        (Fed.1065, line 10)     Column 2)         SCH.D (Enter 100%      Column 4)              3, Line 10)          equals Sch. B Column  1)
PARTNER  (Schedule A, Line 5)                                             for resident partners)                                             5, Line 10)
a.
b.
c.
d.
e.
TOTALS

                                                        SCHEDULE D - BUSINESS ALLOCATION FORMULA
                                                                                                                 COLUMN 1                    COLUMN 2              COLUMN 3
                                                                                                                 LOCATED EVERYWHERE          LOCATED IN LAPEER     PERCENTAGE
   1 a.  AVERAGE NET BOOK VALUE OF REAL AND TANGIBLE PERSONAL PROPERTY                                                                                             (Column 2 divided 
     b.  GROSS ANNUAL RENT PAID FOR REAL PROPERTY ONLY MULTIPLIED BY 8                                                                                             by column 1)
     c.  TOTALS (ADD LINES 1a. and 1b.)
2. TOTAL WAGES, SALARIES, COMMISSIONS AND OTHER COMPENSATION OF ALL EMPLOYEES
3. GROSS RECEIPTS FROM SALES MADE OR SERVICES RENDERED
4. TOTAL PERCENTAGES-ADD THE PERCENTAGES COMPUTED IN COLUMN 3, LINES 1c, 2 AND 3 (A PERCENTAGE MUST BE COMPUTED FOR EACH LINE)
5. BUSINESS ALLOCATION PERCENTAGE (DIVIDE LINE 4 BY THE NUMBER OF FACTORS) ENTER HERE AND ON SCHEDULE C , COL 4 (SEE NOTE BELOW)

NOTE 3   IN DETERMINING THE BUSINESS ALLOCATION PERCENTAGE (LINE 5), A FACTOR SHALL BE EXCLUDED FROM THE COMPUTATION ONLY WHEN SUCH FACTOR DOES NOT EXIST 
         ANYWHERE INSOFAR AS THE TAXPAYER'S BUSINESS OPERATION IS CONCERNED, IN SUCH CASES, THE SUM OF THE REMAINING PERCENTAGES SHALL BE DIVIDED BY THE 
         NUMBER OF FACTORS ACTUALLY USED.

IN THE CASE OF A TAXPAYER AUTHORIZED BY THE INCOME TAX ADMINISTRATOR TO USE ONE OF THE SPECIAL FORMULAE, ATTACH AN EXPLANATION AND USE THE LINES PROVIDED BELOW:
a. NUMERATOR                                                                         c. PERCENTAGE (a. DIVIDED BY b.) ENTER HERE AND ON SCH C, COL. 4
b. DENOMINATOR                                                                       d. DATE OF ADMINISTRATOR'S APPROVAL LETTER
                                                                                                                                                                   L-1065 PAGE 2






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