Form Instructions 1065 (Schedule K-1) ND 2023-2025

Form Instructions 1065 (Schedule K-1) ND: What You Should Know

Tax paid by or on account of tax. 10.2. Refund of income tax paid (or capital gain earned). 10.3. Refund of tax paid on interest on the principal source of partnership income, if any. 10.4. Capital loss, if any. 10.5. Basis of energy property. 10.6. Qualifying investment. If other than capital gain, include in income at the highest of the following rates: the annual rate of tax to which the partnership is subject, or the effective tax rate of the partnership. 10.7. Tax paid on partnership interest and dividends. 10.8. Special treatment of distributions from partnership property. 10.9. Special interest and tax deduction rules. 10.10. Basis for partnership energy property and related equipment. The partnership uses Schedule K-1 to report your share of the partnership's income, deductions, credits, etc. Keep it for your records. Do not  Instructions for Form 6056 (2021) Partnership Income Tax Return Schedule K-1. Basis of energy property (code E). Recapture of low-income housing credit (codes F and G). Recapture of investment gain on Energy Property (Code G).  2021 Instructions for Form 6056 (2021) | IRS The partnership uses Schedule K-1 to report your share of the partnership's income, deductions, credits, etc. Keep this for your records. However, you are not required to file the Schedule K-1. 25-16-3-21-2 (2015) North Carolina Code 10-5-2-1. (2015) Qualifying investment in partnership (a) Qualifying investment in an energy property. For purposes of this Code section, an energy property is a Class A energy property or a Class B energy property. (b) Qualifying Investment: For a taxpayer that has a partner, the qualifying investment in an energy property for partnership purposes is an energy property that is for any purpose a qualified investment. A qualified investment is not a qualified farm or ranch investment, a qualified business investment (including a qualified business credit), or a qualified property in a rural economic development (REID) project. An energy property is “qualified investment” solely by reason of the fact that, under GAO and the Tax Commission, the term is undefined and has no defined meaning.

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