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Kentucky Kentucky Schedule K for General Partnerships with Economic Development Project(s)
765-GP - Schedule K is obsolete, and is no longer supported by the Kentucky Department of Revenue.
Extracted from PDF file 2019-kentucky-765-gp-schedule-k.pdf, last modified November 2016Kentucky Schedule K for General Partnerships with Economic Development Project(s)
Form 765-GP(K) *1600010037* 42A765-GP(K) (10-16) Commonwealth of Kentucky DEPARTMENT OF REVENUE ➤ See instructions. KENTUCKY SCHEDULE K FOR GENERAL PARTNERSHIPS WITH ECONOMIC DEVELOPMENT PROJECT(S) PARTNERS’ SHARES OF INCOME, CREDITS, DEDUCTIONS, ETC., EXCLUDING THE ECONOMIC DEVELOPMENT PROJECT(S) SECTION I—Income (Loss) and Deductions Distributive Share Items 1. Kentucky ordinary income (loss) from trade or business activities (Form 765-GP, line 11).... 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. Section 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) and housing for homeless deduction (attach Schedule HH).......................................... 8 9. IRC Section 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) (2) Investment expenses included on line 10 above.................................................... (2) Tax Credits—Nonrefundable 13. Kentucky Small Business Tax Credit (attach KEDFA notification)..................... 13 14. Skills Training Investment Tax Credit (attach copy of certification(s))....................................... 14 15. Certified Rehabilitation Tax Credit (attach copy of certification(s))....................................... 15 16. Kentucky Unemployment Tax Credit (attach Schedule UTC)..................................................... 16 (a) Total Amount (b) Adjustments (c) Net Kentucky Amount 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 42A765-GP(K) (10-16) Commonwealth of Kentucky DEPARTMENT OF REVENUE Page 2 *1600010044* PARTNERS’ SHARES OF INCOME, CREDITS, DEDUCTIONS, ETC., EXCLUDING THE ECONOMIC DEVELOPMENT PROJECT(S) SECTION I—Income (Loss) and Deductions—continued Distributive Share Items (a) Total Amount (b) Adjustments (c) Net Kentucky Amount Tax Credits—Nonrefundable—continued 17. Recycling/Composting Equipment Tax Credit 00 00 00 (attach Schedule RC)........................................... 17 18. Kentucky Investment Fund Tax Credit 00 00 00 (attach KEDFA notification)................................. 18 00 00 00 19. Coal Incentive Tax Credit (attach Schedule CI)... 19 20. Qualified Research Facility Tax Credit (attach 00 00 00 Schedule QR)....................................................... 20 21. GED Incentive Tax Credit (attach Form 00 00 00 DAEL-31)............................................................... 21 22. Voluntary Environmental Remediation Tax 00 00 00 Credit (attach Schedule VERB)............................ 22 00 00 00 23. Biodiesel Tax Credit (attach Schedule BIO)........ 23 24. Environmental Stewardship Tax Credit 00 00 00 (attach Schedule KESA)...................................... 24 25. Clean Coal Incentive Tax Credit (attach 00 00 00 Schedule CCI)...................................................... 25 00 00 00 26. Ethanol Tax Credit (attach Schedule ETH).......... 26 27. Cellulosic Ethanol Tax Credit (attach 00 00 00 Schedule CELL).................................................... 27 28. Railroad Maintenance and Improvement 00 00 00 Tax Credit (attach Schedule RR-I)....................... 28 29. Railroad Expansion Tax Credit (attach 00 00 00 Schedule RR-E).................................................... 29 30. Endow Kentucky Tax Credit (attach 00 00 00 Schedule ENDOW).............................................. 30 31. New Markets Development Program Tax 00 00 00 Credit (attach Form 8874(K)-A)........................... 31 32. Food Donation Tax Credit (attach 00 00 00 Schedule FD)........................................................ 32 33. Distilled Spirits Tax Credit (attach 00 00 00 Schedule DS)....................................................... 33 Tax Credits—Refundable 34. Certified Rehabilitation Tax Credit (attach Kentucky Heritage Council certification(s))....... 34 35. Film Industry Tax Credit (attach Kentucky Film Office certification(s))................................. 35 00 00 00 00 00 00 Other Items 36. (a) Type of Section 59(e)(2) expenditures 36 (a) (b) Amount of Section 59(e)(2) expenditures..... (b) 37. Tax-exempt interest income............................. 37 38. Other tax-exempt income................................. 38 39. Nondeductible expenses.................................. 39 40. Total property distributions (including cash)... 40 41. Other items and amounts required to be reported separately to partners (attach schedule)............................................................ 41 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 42A765-GP(K) (10-16) Commonwealth of Kentucky DEPARTMENT OF REVENUE *1600010047* Page 3 PARTNERS’ SHARES OF INCOME, CREDITS, DEDUCTIONS, ETC., EXCLUDING THE ECONOMIC DEVELOPMENT PROJECT(S) SECTION II—Pass-through Items 1. Partnership’s Kentucky sales from Schedule A, Section I, line 1..................................... 1 2. Partnership’s total sales from Schedule A, Section I, line 2............................................. 2 3. Partnership’s Kentucky property from Schedule A, Section I, line 5............................... 3 4. Partnership’s total property from Schedule A, Section I, line 6....................................... 4 5. Partnership’s Kentucky payroll from Schedule A, Section I, line 8.................................. 5 6. Partnership’s total payroll from Schedule A, Section I, line 9.......................................... 6 7. Partnership’s Kentucky gross profits................................................................................. 7 8. Partnership’s total gross profits from all sources............................................................. 8 SECTION III—Limited Liability Entity Tax (LLET) Pass-through Items 1. Partners’ shares of net distributive income from limited liability pass-through entities.................................................................................................................................. 1 2. Partners’ shares of limited liability entity tax (LLET) nonrefundable credit................... 2 00 00 00 00 00 00 00 00 00 00 INSTRUCTIONS—KENTUCKY SCHEDULE K FOR GENERAL PARTNERSHIPS WITH ECONOMIC DEVELOPMENT PROJECT(S) IMPORTANT: A general partnership that has one or more projects under the Kentucky Rural Economic Development Act (KREDA), Kentucky Industrial Development Act (KIDA), Kentucky Economic Opportunity Zone Act (KEOZ), 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 in lieu of Form 765-GP 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 of Schedule KREDA-SP, Schedule KIDA-SP, Schedule KEOZ-SP, Schedule KJRASP, Schedule KIRA-SP, Schedule KJDA-SP, Schedule KBI-SP, Schedule KRA-SP, Schedule IEIA-SP or Schedule FON-SP for additional information on this exclusion. SECTION I INSTRUCTIONS Column (a)—Complete this column following the instructions for Form 765-GP Schedule K. Column (b)—For each item of income or deduction, enter the amount attributable to the project or projects. If the general partnership has more than one project, attach a schedule reflecting the computation of the total amount of each item. If the general 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). Attach applicable tax computation schedule(s) (Schedule KREDA-SP, Schedule KIDA-SP, Schedule KEOZ-SP, Schedule KJRA-SP, Schedule KIRA-SP, Schedule KJDASP, Schedule KBI-SP, Schedule KRA-SP, Schedule IEIASP or Schedule 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 Kentucky Schedule K for General Partnerships with Economic Development Project(s), Lines 1 through 41. SECTION II AND SECTION III INSTRUCTIONS See instructions for Section II and Section III of Form 765-GP Schedule K to determine if it is necessary to complete these sections. If the general partnership is required to complete Section III, exclude income attributable to an economic development project(s).
765-GP - Schedule K
More about the Kentucky 765-GP - Schedule K Corporate Income Tax
We last updated the Kentucky Schedule K for General Partnerships with Economic Development Project(s) in May 2021, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Kentucky Department of Revenue. 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-GP - Schedule K.
| Form Code | Form Name |
|---|---|
| Form 765-GP | Kentucky General Partnership Income Return - Form 42A765-GP [OBSOLETE] |
| Form 765-GP Instructions | Kentucky General Partnership Income Return Instructions |
| Form 765-GP-K1 | Schedule K-1 - Partner's Share of Income, Credits, Deductions, Etc. [OBSOLETE] |
View all 130 Kentucky Income Tax Forms
Form Sources:
Kentucky usually releases forms for the current tax year between January and April. We last updated Kentucky 765-GP - Schedule K from the Department of Revenue in May 2021.
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-GP - Schedule K
We have a total of eight past-year versions of 765-GP - Schedule K in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2015 765-GP - Schedule K
765-GP - Schedule K -
2013 765-GP - Schedule K
Form 765-GP(K)
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