Connecticut Corporation Business Tax Return Apportionment of Limited Partnership Interests

Corporation Business Tax Return Apportionment of Limited Partnership Interests
Form CT-1120 A-LP
Department of Revenue Services
State of Connecticut
(Rev. 12/17)

Form CT-1120A-LP

Corporation Business Tax Return
Apportionment of Limited Partnership Interests

Enter Income Year Beginning ___________________, _______, and Ending __________________, _______
Corporation name	

Connecticut Tax Registration Number

General Instructions
Complete this form in blue or black ink only.
Complete Form CT-1120A-LP, Schedule I-LP, Schedule M-LP,
and Schedule S-LP if a corporation, not otherwise carrying on or
doing business within Connecticut, is a limited partner in one or
more limited liability companies (LLCs) or limited partnerships
(other than an investment partnership) doing business, owning
or leasing property, or maintaining an office within Connecticut,
if such corporation does not make an election to apportion its
income within and outside Connecticut. If a corporation is a
limited partner in one or more investment limited partnerships and
the corporation is not otherwise carrying on or doing business
within Connecticut, the corporation is not required to file a
Corporation Business Tax return.
A corporation should not use this form to calculate its Connecticut
apportioned income and minimum tax base if it is (1) a general
partner in a partnership which does business in Connecticut;
(2) otherwise carrying on or doing business in Connecticut,
including engaging in activities that subject it to economic
nexus; or (3) engaged in a unitary business with a partnership
which does business in Connecticut. Instead, it must apportion
its net income and minimum tax base using Form CT-1120A,
Corporation Business Tax Return Apportionment Computation,
or other applicable apportionment form.
	

A member of a combined group that files a Form CT-1120CU,
Combined Unitary Corporation Business Tax Return, also should
not use this form to calculate its portion of the combined group’s
Connecticut apportioned net income and minimum tax base. See
Special Notice 2016(1), Combined Unitary Legislation, and the
instructions to Form-1120CU.
If a qualifying corporation elects not to be taxed on its distributive
share of limited partnership income or loss, indicate by checking
the election box below and attach Form CT-1120A-LP to
Form CT-1120, Corporation Business Tax Return. Do not
complete any schedules on Form CT-1120A-LP other than the
election box below. A taxpayer that makes this election must
compute the Corporation Business tax on its entire net income
or minimum tax base. Compute the apportionment fraction for
income on Form CT-1120A, Schedule Q. The apportionment
fraction for the minimum tax base which includes the value
of all partnership interests is computed on Form CT-1120A,
Schedule S.
here if the corporation elects not to be taxed on its
	Check
distributive share of limited partnership income or loss.

Schedule I-LP —	 Connecticut Distributive Share of Limited Partnership Income

	 Complete this schedule to compute the distributive share of limited partnership income apportionable to Connecticut.
	 Column A - Enter the name of each limited partnership that has Connecticut-sourced income.
	 Column B - Enter the Federal Employer Identification Number (FEIN) of each limited partnership that has Connecticut-sourced
income.
	 Column C - Enter the amount of the distributive share of partnership income or loss as determined for federal income tax
purposes for each limited partnership to the extent the income or loss is derived from or connected with Connecticut sources.
Whether income or loss is derived from or connected with Connecticut sources is determined in accordance with the provisions
of Chapter 229 of the Connecticut General Statutes (Income Tax) and the regulations adopted thereunder.

Column A
Name of Limited Partnership
1.
2.
3.
4.

Total:	Add Lines 1 through 3, Column C.
Enter here and on Form CT-1120, Schedule A, Line 3.

Column B

Partnership’s FEIN

Column C

Connecticut-Source Income

	 Schedule

M-LP — Connecticut Distributive Share of Limited Partnership Assets – Minimum Tax Base
Column D

Column A
Name of Limited Partnership

Column B

Partnership’s FEIN

Column C

Average Value of Partnership

Partnership’s
Apportionment Fraction
(Schedule S-LP)

1.
2.
3.

Column E

Partnership’s Apportioned Average Value
Multiply Column C by Column D.

Column F

Partner’s Proportionate Share

Column G

Partner’s Average Value
Multiply Column E by Column F.

1.
2.
3.
4.

Total: 	Add Lines 1 through 3, Column G. Enter here and on Form CT-1120, Schedule B, Line 3.

Column A - 	 Enter the name of each limited partnership.
Column B - 	 Enter the FEIN of each limited partnership.
Column C - 	 Enter the average value of each partnership.
Column D - 	 Enter the partnership’s minimum tax base apportionment fraction from Schedule S-LP, Line 3, Column III.
Complete a separate Schedule S-LP, Minimum Tax Base Apportionment, for each limited partnership.
Column E -	 Multiply the amount in Column C by the fraction in Column D.
Column F -	 Enter the percentage that the partnership used to determine the partner’s distributive share of ordinary income or loss of
the partnership.
Column G -	 Multiply the amount in Column E by the percentage in Column F.

	 Schedule S-LP — Minimum Tax Base Apportionment
Column I

Connecticut
	

Everywhere

Column III

1.	 (a) Cash
Intangible
Assets

Average Monthly
Net Book Value

	

(b) Notes & Accounts Rec.

	

(c) Investments: Other than stock

	

(d) Other

1.	Total
2.	 (a) Inventories

	

Column II

Tangible
Property

	

(b) Depreciable Assets

	

(c) Land

Average Monthly
Net Book Value

	

(d) Other

Apportionment
Fraction

3.	 Total: Add total amount on
	
Line 1 and Line 2.

Divide
Line 3, Column I by
Line 3, Column II.
Enter below and
on Schedule M-LP,
Column D.
Carry to six places.

2.	Total

CT-1120A-LP Back (Rev. 12/17)

0.