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Kentucky Free Printable  for 2020 Kentucky Kentucky Schedule K for Partnerships with Economic Development Project(s)

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Kentucky Schedule K for Partnerships with Economic Development Project(s)
765 - Schedule K

FORM 765(K) Commonwealth of Kentucky Department of Revenue KENTUCKY SCHEDULE K FOR PARTNERSHIPS WITH ECONOMIC DEVELOPMENT PROJECT(S) *1900030286* 2019    See instructions. SCHEDULE K—PARTNERS’ SHARES OF INCOME, CREDITS, DEDUCTIONS, ETC., EXCLUDING THE ECONOMIC DEVELOPMENT PROJECT(S) SECTION A Pro Rata Share Items (a) Total Amount (b) Adjustments (c) Net Kentucky Amount Income (Loss) and Deductions   1 Kentucky ordinary income (loss) from trade or business activities (Form 765, Part I, line 10).... 1   2 Net income (loss) from rental real estate activities (attach federal Form 8825).................. 2   3 (a) Gross income from other rental activities.... 3(a) 00 (b) Less expenses from other rental activities (attach schedule)........... (b) 00 (c) Net income (loss) from other rental activities (line 3(a) less line 3(b)).................. 3(c)   4 Portfolio income (loss): (a) Interest income.............................................. 4(a) (b) Dividend income............................................ (b) (c) Royalty income.............................................. (c) (d) Net short-term capital gain (loss)(attach federal Schedule D and Kentucky Schedule D, if applicable).............................. (d) (e) Net long-term capital gain (loss) (attach federal Schedule D and Kentucky Schedule D, if applicable).............................. (e) (f) Other portfolio income (loss) (attach schedule)........................................................  (f)   5 Guaranteed payments to partners..................... 5  6 IRC §1231 net gain (loss) (other than due to casualty or theft) (attach federal Form 4797 and Kentucky Form 4797)................................... 6   7 Other income (loss) (attach schedule)................. 7   8 Charitable contributions (attach schedule)........ 8  9 IRC §179 expense deduction (attach federal Form 4562 and Kentucky Form 4562)..................................................................... 9 10 Deductions related to portfolio income (loss) (attach schedule) ................................................ 10 11 Other deductions (attach schedule)................... 11 Investment Interest 12 (a) Interest expense on investment debts......... 12(a) (b) (1) Investment income included on lines 4(a), 4(b), 4(c), and 4(f) above......... (b)(1) (b) (2) Investment expenses included on line 10 above............................................. (b)(2) Tax Credits (see instructions) 13 Enter the applicable tax credit (a) ______________________________ ............. 13(a) (b) ______________________________ ............. (b) (c) ______________________________ ............. (c) (d) ______________________________ ............. (d) (e) ______________________________ ............. (e) 41A765(K) (10-19) 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Page 1 of 3 FORM 765(K) (2019) *1900030287* Page 2 of 3 SCHEDULE K—PARTNERS’ SHARES OF INCOME, CREDITS, DEDUCTIONS, ETC., EXCLUDING THE ECONOMIC DEVELOPMENT PROJECT(S) SECTION A—continued Pro Rata Share Items   Other Items 14 (a) Type of IRC §59(e)(2) expenditures ___________________________________________ 14(a)   (b) Amount of IRC §59(e)(2) expenditures......... (b) 15 Tax-exempt interest income............................... 15 16 Other tax-exempt income................................... 16 17 Nondeductible expenses.................................... 17 18 Total property distributions (including cash).... 18 19 Other items and amounts required to be reported separately to partners (attach schedule).............................................................. 19 SECTION B—LLET Pass-through Items (Required)   1   2   3   4   5 00 00 00 00 00 00 00 00 00 00 TOTAL AMOUNT Kentucky gross receipts from Schedule L, Section A, Column A, line 2............................ 1 Total gross receipts from Schedule L, Section A, Column B, line 2................................... 2 Kentucky gross profits from Schedule L, Section A, Column A, line 5 ............................. 3 Total gross profits from Schedule L, Section A, Column B, line 5...................................... 4 Limited liability entity tax (LLET) nonrefundable credit from page 1, Part II, the total of lines 4 and 6, less $175............................................................................................. 5 SECTION C—Apportionment Pass-through Items   1   2   3   4 00 00 00 TOTAL AMOUNT Kentucky property from Schedule A, Part I, line 5 .............................................................. 1 Total property from Schedule A, Part I, line 6...................................................................... 2 Kentucky payroll from Schedule A, Part I, line 8.................................................................. 3 Total payroll from Schedule A, Part I, line 9......................................................................... 4 41A765(K) (10-19) 00 00 00 00 TOTAL AMOUNT   1 Kentucky receipts from Schedule A, Part I, line 1................................................................ 1   2 Total receipts from Schedule A, Part I, line 2........................................................................ 2 SECTION D—Apportionment for Providers (KRS 141.121(1)(e)) 00 00 00 00 00 00 00 00 00 Form 765(K) (2019) INSTRUCTIONS–KENTUCKY SCHEDULE K FOR PARTNERSHIPS WITH ECONOMIC DEVELOPMENT PROJECT(S) Page 3 of 3 IMPORTANT: A partnership that has one or more projects under the Kentucky Rural Economic Development Act (KREDA), Kentucky Industrial Development Act (KIDA), Kentucky Jobs Retention Agreement (KJRA), Kentucky Industrial Revitalization Act (KIRA), Kentucky Jobs Development Act (KJDA), Kentucky Business Investment Program (KBI), Kentucky Reinvestment Act (KRA), Incentives for Energy Independence Act (IEIA), or Farming Operation Networking Project (FON) must use this Schedule K instead of Form 765 Schedule K. Purpose of Schedule—This schedule is used to determine the partners’ shares of each item of income, credit, deduction, etc., excluding the amount of each item of income, credit, deduction, etc., attributable to the project(s). See Instructions for Schedules KREDASP, KIDA-SP, KJRA-SP, KIRA-SP, KJDA-SP, KBI-SP, KRASP, IEIA-SP, or FON-SP for additional information on this exclusion. SECTION A INSTRUCTIONS Column (a)—Complete this column following the instructions for Form 765 Schedule K. Column (b)—For each item of income or deduction, enter the amount attributable to the project or projects. If the partnership has more than one project, attach a schedule reflecting the computation of the total amount of each item. If the partnership’s only operation is the project or projects, the amount entered for each item should be the same as the amount entered in column (a). 41A765(K) (10-19) Attach applicable tax computation schedule(s) (Schedules KREDA-SP, KIDA-SP, KJRA-SP, KIRA-SP, KJDA-SP, KBI-SP, KRA-SP, IEIA-SP, or FON-SP) and supporting schedules for each project. Column (c)—For each item of income or deduction, subtract the amount in column (b) from the amount in column (a) and enter the result. The amounts from this column are used to determine the amount of income, credits, deductions, etc. reflected on each partner’s Kentucky Schedule K-1.  The total pro rata share items of all Schedules K-1 should equal the amount reported on the same lines of this column, Lines 1 through 19. SECTIONS B, C, AND D INSTRUCTIONS See instructions for Sections B, C, and D of Form 765 Schedule K.
Extracted from PDF file 2019-kentucky-765-schedule-k.pdf, last modified September 2019

More about the Kentucky 765 - Schedule K Corporate Income Tax TY 2019

We last updated the Kentucky Schedule K for Partnerships with Economic Development Project(s) in March 2020, so this is the latest version of 765 - Schedule K, fully updated for tax year 2019. You can download or print current or past-year PDFs of 765 - Schedule K directly from TaxFormFinder. You can print other Kentucky tax forms here.

Related Kentucky Corporate Income Tax Forms:

TaxFormFinder has an additional 129 Kentucky income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Kentucky 765 - Schedule K.

Form Code Form Name
765 - Schedule K-1 Partners Share of Income, Credits, Deductions, Etc

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Form Sources:

Kentucky usually releases forms for the current tax year between January and April. We last updated Kentucky 765 - Schedule K from the Department of Revenue in March 2020.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Kentucky 765 - Schedule K

We have a total of seven past-year versions of 765 - Schedule K in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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