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SCHEDULE MODIFICATIONS TO FEDERAL S CORPORATION
B AND PARTNERSHIP INCOME
PTE-100 W
2020
Adjustments Increasing
1. Interest or dividend income on federal obligations which is exempt from federal tax but subject
to state tax...................................................................................................................................... 1 .00
2. Interest or dividend income on state and local bonds other than bonds from West Virginia sources 2 .00
3. Interest on money borrowed to purchase bonds earning income exempt from West Virginia tax 3 .00
4. Qualifying 402(e) lump-sum income NOT included in federal adjusted gross income but subject
to state tax...................................................................................................................................... 4 .00
5. Other: 5 .00
TOTAL INCREASING ADJUSTMENTS
6. (Add lines 1 through 5; enter here and on Schedule A, line 5)....................................................... 6 .00
Adjustments Decreasing
7. Interest or dividends received on United States or West Virginia obligations included in federal
adjusted gross income but exempt from state tax.......................................................................... 7 .00
8. Refunds of state and local income taxes received and reported as income to the IRS................... 8 .00
9. Qualified Opportunity Zone business income (Include Copy of IRS form 8996) .............................. 9 .00
10. Other: 10 .00
11. Allowance for governmental obligations/obligations secured by residential property
(Complete Schedule B-1).............................................................................................................. 11 .00
12. TOTAL DECREASING ADJUSTMENTS
(Add lines 7 through 11; enter here and on Schedule A, line 6)......................................................... 12 .00
Schedule B-1
ALLOWANCE FOR GOVERNMENTAL OBLIGATIONS/OBLIGATIONS SECURED BY RESIDENTIAL PROPERTY (§11-24-6(f))
1. Federal obligations and securities................................................................................................... 1 .00
2. Obligations of WV and political subdivisions of WV....................................................................... 2 .00
3.Investments or loans primarily secured by mortgages or deeds of trust on residential property
located in WV................................................................................................................................. 3 .00
4.Loans primarily secured by a lien or security agreement on a mobile home or double-wide
located in WV................................................................................................................................. 4 .00
5. TOTAL (add lines 1 through 4)....................................................................................................... 5 .00
6. Total assets as shown on Schedule L, Federal Form 1120S or Federal Form 1065...................... 6 .00
7. Line 5 divided by line 6 (round to 6 decimal places)............ 7 •
8. ADJUSTED INCOME.
(Add Schedule A line 4 and Schedule B line 6. Subtract the sum of Schedule B lines 7 through 10 ) 8 .00
9. ALLOWANCE (line 7 x line 8, disregard sign) Enter here and on Schedule B line 11 ................... 9 .00
*B54202004W*
B 5 4 2 0 2 0 0 4 W
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