Alabama Alabama S Corporation Information Tax Return

Alabama S Corporation Information Tax Return
Form 20S
*2300012S*

CY • 
S Corporation Information/Tax Return FY • 
SY • 
For the year Jan. 1 – Dec. 31, 2023, or other tax year beginning •_______________________, 2023, ending •_______________________, _________ 52/53 Week • 
FEDERAL EMPLOYER IDENTIFICATION NUMBER
Filing Status: (see instructions)
Important FEDERAL BUSINESS CODE NUMBER
•
•
Check
•  1. Corporation operating only in
applicable box: NAME
Alabama.
•
•  2. Multistate Corporation –
•  PL86-272 ADDRESS
SUITE
Apportionment (Sch. C).
•
•
Initial
•  Return
•  3. Multistate Corporation – Separate
CITY
STATE
9-DIGIT ZIP CODE
Accounting (Prior written approval
•
•
•
Final
required and must be attached) or
STATE OF INCORPORATION
NATURE OF BUSINESS
DATE QUALIFIED IN ALABAMA
•  Return
Schedule B.
•
•
•
NUMBER OF NONRESIDENT SHAREHOLDERS
FEDERAL
S STATUS
ELECTING
Amended NUMBER OF SHAREHOLDERS
•  Return
DURING TAX YEAR •
INCLUDED IN COMPOSITE FILING •
AUDIT CHANGE •
ELECTION TERMINATION •
PASS-THROUGH ENTITY •

FORM

20S

Reset Form

Alabama Department of Revenue



Federal
Income

Federal
Deductions
(see the
instructions
for limitations)

Alabama
Adjustments

Tax Due

1. a. Gross receipts or sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a •
b. Returns and allowances. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b •
c. Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Cost of goods sold (attach Federal Form 1125-A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Gross Profit. Subtract line 2 from line 1c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Net gain (loss) from Federal Form 4797, Part II, line 17 (attach Federal Form 4797). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Other income (loss) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Total income (loss). Combine lines 3 through 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. Compensation of officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. Salaries and wages (less employment credits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9. Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10. Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11. Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12. Taxes and licenses (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Depreciation not claimed on Federal Form 1125-A or elsewhere on return (attach Federal Form 4562) . . . . . . . . . . . . . . . . . . . . .
15. Depletion (Do not deduct oil and gas depletion) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16. Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. Pension, profit-sharing, etc., plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18. Employee benefit programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19. Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20. Total deductions (add lines 7 through 19). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21. Federal ordinary business income (loss). Subtract line 20 from line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22. Alabama Nonseparately Stated Reconciliations (from Schedule A, line 13). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23. Federal ordinary business income (loss) adjusted to Alabama basis (add lines 21 and 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24. Net nonbusiness (income)/loss – Everywhere (from Schedule B, line 1d, Column E)
– please enter income as a negative amount and losses as a positive amount. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25. Apportionable income (add lines 23 and 24) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26. Alabama apportionment factor (from line 9, Schedule C). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27. Income (loss) apportioned to Alabama (multiply line 25 by line 26) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28. Net nonbusiness income/(loss) – Alabama (from Schedule B, line 1d, Column F) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29. Small Business Health Insurance Premium Deduction (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30. Alabama ordinary income (loss) (add lines 27, 28, and 29). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
31. Tax Due – •  Excess net passive income, •  LIFO Recapture, or •  Built-in Gains Tax . . . . . . . . . . . . . . . . . . . . . . . . .
32. Nonrefundable Credits (from Schedule PC, Part S, line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33. Net tax due Alabama (line 31 less line 32) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
34. Tax Payments and Credits
a. 2023 estimated tax payments and amount applied from 2022 return . . . . . . . . 34a •
b. Extension payments (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34b •
c. Prior payments (original return or department adjustment) . . . . . . . . . . . . . . . . . 34c •
d. Refundable Credits (from Schedule PC, Part S, line 8) . . . . . . . . . . . . . . . . . . . . 34d •
e. Total payments/credits (add lines 34a, 34b, 34c, and 34d). . . . . . . . . . . . . . . . . 34e •
35. Reductions/applications of overpayments
a. Credit to 2024 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35a •
b. Penalty and interest due. Check if Form 2220AL Attached •  . . . . . . . . . . . 35b •
c. Total additions to tax due/applications (add lines 35a through 35b). . . . . . . . . . 35c •
36. Total amount due/(refund) (line 33 less line 34e, plus 35c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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ADOR

*2300022S*

Page 2

FORM 20S – 2023
SCHEDULE A – (Nonseparately Stated Reconciliation Adjustments)

Additions

Deductions

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3.
4.
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6.
7.
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9.
10.
11.
12.
13.

State and Local income taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Related members interest and intangible expenses or costs. From Schedule PAB (see instructions) . . . . . . . . . . . . . . . . . . . . . . .
Other reconciling items (attach schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Nondeductible Federal Depreciation (Economic Stimulus Act of 2008) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contributions not deductible on state income tax return due to election to claim state tax credit. . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Expenses not deductible on federal income tax return due to election to claim federal tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . .
Refunds of state and local income taxes (due to overpayment or over accrual on federal return) . . . . . . . . . . . . . . . . . . . . . . . . . . .
Aid or assistance provided to Alabama State Industrial Development Authority (§41-10-44.8(d)) . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other reconciling items (attach schedule). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Adjustments due to Federal Economic Stimulus Act. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Reconciliation Adjustments (subtract line 12 from line 6 above). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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SCHEDULE B – Allocation of Nonbusiness Income, Loss, and Expense
Identify by account name and amount all items of nonbusiness income, loss, and expense
removed from apportionable income and those items which are directly allocable to Alabama.
Adjustment(s) must also be made for any proration of expenses under Alabama Income Tax
Rule 810-27-1-.01, which states, “Any allowable deduction that is applicable to both business
DIRECTLY ALLOCABLE ITEMS

ALLOCABLE GROSS INCOME / LOSS
Column A
Everywhere

and nonbusiness income of the taxpayer shall be prorated to each class of income in
determining income subject to tax as provided…” (See instructions).
Do not complete if entity operates exclusively in Alabama.
RELATED EXPENSE

Column B
Alabama

Column C
Everywhere

NET OF RELATED EXPENSE

Column D
Alabama

Column E
Everywhere
(Col. A less Col. C)

Column F
Alabama
(Col. B less Col. D)

Nonseparately stated items
1a
1b
1c

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1d Total (add lines 1a, 1b, and 1c)
Separately stated items
1e
1f
1g
1h Total (add lines 1e, 1f, and 1g)

• I authorize a representative of the Department of Revenue to discuss my return and attachments with my preparer.

Please
Sign
Here

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are
true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.



Date

Signature
of Officer

Daytime Telephone No.

(

Social Security No.

)

Title
of Officer


Paid
Preparer’s
Use Only

Preparer’s
Signature

Check if
self-employed

Firm’s Name
(or yours, if self-employed) •

Telephone No.

Firm’s Address

•(

)



Date

Preparer’s PTIN

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E.I. No. •
ZIP Code

Email Address

Person to contact for information regarding this return:
Name: •
Telephone Number: • (

)

Email: •

ADOR

*2300032S*

Page 3

FORM 20S – 2023
SCHEDULE C – Apportionment Factor Schedule. Do not complete if entity operates exclusively in Alabama.

1.
2.
3.
4.

SALES
Gross receipts from sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Rents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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5. Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6. Gross proceeds from capital and ordinary gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7. Other •___________________________________ (Federal 1120S, line •_____ )
7

ALABAMA

EVERYWHERE

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8. Total Sales (add lines 1-7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8a•
8b•
9. 8a/8b=ALABAMA APPORTIONMENT FACTOR (Enter here and on line 26, page 1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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SCHEDULE D – Apportionment of Federal Income Tax (“FIT”) (LIFO Recapture Tax Only)

1. Enter the LIFO recapture tax from Federal Form 1120S, line 22a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Alabama Apportionment Factor (Schedule C, line 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Federal income tax apportioned to Alabama (multiply line 1 by line 2) Enter here and on line 16 of Schedule K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE E – Alabama Accumulated Adjustments Account
1. Balance at beginning of tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Apportionable Income (page 1, line 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Other additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Other reductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Combine lines 1 through 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Less distributions (page 4, line 19 federal amount) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. Balance at end of tax year. Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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SCHEDULE DE – Q-Sub/Disregarded Entity Schedule
List all qualified subchapter S subsidiaries (Q-Sub) and/or disregarded entities. Attach additional schedule(s) if needed.
Entity Name

Income (Loss) From
All Sources

FEIN

Alabama Source
Income (Loss)

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ADOR

*2300042S*

Page 4

FORM 20S – 2023
SCHEDULE G – Other Information

Indicate tax accounting method used: •  Cash

•  Accrual

•  Other

1. Briefly describe your Alabama operations: •
2. Location of the corporate records:
3. If the privilege tax return was filed using a different FEIN, please provide the name and FEIN used to file the return:
NAME: •
FEIN: •
4. If the corporation (a) was a C corporation before it elected to be an S corporation or the corporation acquired an asset with a basis determined by reference to the basis of the asset (or the
basis of any other property) in the hands of the C corporation and (b) has net unrealized built-in gain in excess of the net recognized built-in gain from prior years, enter the net unrealized builtin gain reduced by net recognized built-in gain from prior years $ •
5. Enter the accumulated earnings and profits of the corporation at the end of the tax year. $ •
6. During the tax year, did the corporation have any non-shareholder debt that was canceled, forgiven, or modified terms so as to reduce the principal amount of the debt? •  Yes •  No
7. During the tax year, was a qualified subchapter S election terminated or revoked? •  Yes •  No
8. Did the corporation make any payments in 2023 that would require it to file Form(s) 1099? •  Yes •  No
SCHEDULE K – Shareholder’s Distributive Share Items
Multistate entities should not use Schedule K to allocate separately stated business income.
See instructions for Schedule B.
INCOME (LOSS)
1. Ordinary income (loss) (page 1, line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Net rental real estate income (loss) (attach Form 8825). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. a. Other gross rental income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3a •
b. Expenses from other rental activities (attach statement) . . . . . . . . . . 3b •
c. Other net rental income (loss). Subtract line 3b from line 3a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. a. Short-term and long-term capital gain(loss) . . . . . . . . . . . . . . . . . . . . . 7a •
b. Opportunity Zone Investment(from Schedule OZ, line 4). . . . . . . . . . 7b •
c. Exemption of gain under 40-18-8.1(Tech Company). . . . . . . . . . . . . . 7c • (
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d. Net short-term and long-term capital gain(loss), Add lines 7a, 7b and 7c. . . . . . . . . . . . . . . . . . . . . .
8. Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9. Other income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10. Nonbusiness items (attach schedule) (Schedule B, Column B, line 1h) . . . . . . . . . . . . . . . . . . . . . . . . .
DEDUCTIONS
11. Section 179 deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12. a. Contributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Investment interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13. Other deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Oil and gas depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15. Casualty losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16. U.S. taxes paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17. Nonbusiness items (attach schedule) (Schedule B, Column D, line 1h) . . . . . . . . . . . . . . . . . . . . . . . . .
OTHER
18. a. Tax-exempt interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19. Distributions (attach statements if required) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20. a. Investment income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b. Investment expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c. Other items and amounts (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21. Total credits (attach Schedule PC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22. Composite payment made on behalf of owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23. Repayment of loans from shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24. Dividend distributions paid from accumulated earnings and profits . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25. Electing Pass-Through Entity Tax (Form EPT, line 2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Federal Amount

Apportionment
Factor

Apportioned
Amount

Enter on Alabama
Schedule K-1

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ADOR

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Page 5

FORM 20S – 2023
SCHEDULE L – Balance Sheet
Assets
1 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2a Trade notes and accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2b Less allowance for bad debts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 U.S. government obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Tax-exempt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Other current assets (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Loans to shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 Mortgage and real estate loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 Other investments (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10a Buildings and other depreciable assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10b Less accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11a Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11b Less accumulated depletion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 Land (net of any amortization). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13a Intangible assets (amortizable only). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13b Less accumulated amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14 Other assets (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15 Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Shareholders’ Equity
16 Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17 Mortgages, notes, bonds payable in less than 1 year . . . . . . . . . . . . . . . . . .
18 Other current liabilities (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . .
19 Loans from shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20 Mortgages, notes, bonds payable in 1 year or more . . . . . . . . . . . . . . . . . . .
21 Other liabilities (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22 Capital stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23 Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25 Adjustments to shareholders’ equity (attach statement) . . . . . . . . . . . . . . . .
26 Less cost of treasury stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27 Total Liabilities and Shareholders’ Equity. . . . . . . . . . . . . . . . . . . . . . . . .

Beginning of tax year
(a)
(b)

End of tax year
(c)

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ADOR