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Kentucky Kentucky Consolidated Return Schedule
Extracted from PDF file 2023-kentucky-schedule-kcr-form-720.pdf, last modified August 2023Kentucky Consolidated Return Schedule
SCHEDULE KCR KENTUCKY CONSOLIDATED RETURN SCHEDULE (Attach All Applicable Schedules) Commonwealth of Kentucky Department of Revenue Name of Corporation 230215 41A720KCR (10-23) 2023 FEIN Kentucky Corporation/LLET Account Number ___ ___ — ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ Consolidated Intercompany Totals Eliminations Parent Name Name _____________________________ _____________________________ FEIN ________________________ FEIN ________________________ KY Corp./LLET Acct. No. KY Corp./LLET Acct. No. _____________________________ _____________________________ 1 Federal taxable income (Schedule CR-Continuation, line 28)................................ 1 00 00 00 00 00 Additions 2 Interest income (state and local obligations)... 2 00 00 00 00 00 3 State taxes based on net/gross income........... 3 00 00 00 00 00 4 Depreciation adjustment.................................. 4 00 00 00 00 00 5 Deductions attributable to nontaxable income.. 5 00 00 00 00 00 6 Related party expenses................................... 6 00 00 00 00 00 7 Dividend paid deduction (REIT)....................... 7 00 00 00 00 00 8 Revenue Agent Report (RAR)......................... 8 00 00 00 00 00 9 Kentucky capital gain from Kentucky Schedule D, line 18.......................................... 9 00 00 00 00 00 10 Loss from Form 4797 found on federal Form 1120, line 9...................................................... 10 00 00 00 00 00 11 Gain from Kentucky Form 4797, Part II, line 17. 11 00 00 00 00 00 12 Federal allowable depletion from Form 1120, line 21.............................................................. 12 00 00 00 00 00 13 Federal contribution deductions from Form 1120, line 19.................................................... 13 00 00 00 00 00 14 Terminal Railroad Corporation adjustments..... 14 00 00 00 00 00 15 Federal allowable passive activity loss............ 15 00 00 00 00 00 16 Federal taxable loss of all exempt corporations.. 16 00 00 00 00 00 17 Reserved for future use................................... 17 00 00 00 00 00 18 Enter additions to federal taxable income from Kentucky Schedule(s) K-1....................... 18 00 00 00 00 00 19 Internal Revenue Code adjustments (see instructions)..................................................... 19 00 00 00 00 00 20 Other additions (attach explanation)............. 20 00 00 00 00 00 21 Total (add lines 1 through 20)......................... 21 00 00 00 00 00 SCHEDULE KCR KENTUCKY CONSOLIDATED RETURN SCHEDULE (Attach All Applicable Schedules) Commonwealth of Kentucky Department of Revenue Name of Corporation 230216 41A720KCR (10-23) 2023 FEIN Kentucky Corporation/LLET Account Number ___ ___ — ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ Consolidated Intercompany Totals Eliminations Parent Name Name _____________________________ _____________________________ FEIN ________________________ FEIN ________________________ KY Corp./LLET Acct. No. KY Corp./LLET Acct. No. _____________________________ _____________________________ Subtractions 22 Interest income (U.S. obligations)................... 22 00 00 00 00 00 23 Dividend income............................................. 23 00 00 00 00 00 24 Reserved for future use.................................. 24 00 00 00 00 00 25 Depreciation adjustment................................. 25 00 00 00 00 00 26 Revenue Agent Report (RAR)........................ 26 00 00 00 00 00 27. Capital Gain from Form 1120, line 8............... 27 00 00 00 00 00 28 Gain from Form 4797 found on federal Form 1120, line 9..................................................... 28 00 00 00 00 00 29 Loss from Kentucky Form 4797, Part II, line 17. 29 00 00 00 00 00 30 50% of the gross royalty income derived from any disposal of coal with a retained economic interest defined by IRC §631(c) and all IRC §272 expenses if the corporation elects not to use percentage depletion...................... 30 00 00 00 00 00 31 Terminal Railroad Corporation adjustments.... 31 00 00 00 00 00 32 Kentucky allowable passive activity loss........ 32 00 00 00 00 00 33 Kentucky allowable depletion......................... 33 00 00 00 00 00 34 Kentucky contribution deductions................... 34 00 00 00 00 00 35 Reserved for future use.................................. 35 00 00 00 00 00 36 Federal taxable income of all exempt corporations.................................................... 36 00 00 00 00 00 37 Enter subtractions from federal taxable income from Kentucky Schedule(s) K-1......... 37 00 00 00 00 00 38 Internal Revenue Code adjustments.............. 38 00 00 00 00 00 39 Other subtractions (attach explanation).......... 39 00 00 00 00 00 40 Net income (line 21 less lines 22 through 39). 40 00 00 00 00 00 41 Net non-apportionable income........................ 41 00 00 00 00 00 42 Kentucky net non-apportionable income........ 42 00 00 00 00 00 Page 2 of ____ SCHEDULE KCR KENTUCKY CONSOLIDATED RETURN SCHEDULE (Attach All Applicable Schedules) Commonwealth of Kentucky Department of Revenue Name of Corporation 230220 41A720KCR (10-23) Name Page ____ of ____ FEIN Kentucky Corporation/LLET Account Number ___ ___ — ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ Name Name Name Name _____________________________ _____________________________ _____________________________ _____________________________ _____________________________ FEIN ________________________ FEIN ________________________ ________________________ FEIN ________________________ FEIN FEIN ________________________ KY Corp./LLET Acct. No. KY Corp./LLET Acct. No. KY Corp./LLET Acct. No. KY Corp./LLET Acct. No. KY Corp./LLET Acct. No. _____________________________ _____________________________ _____________________________ _____________________________ _____________________________ 1 Federal taxable income (Schedule CR-Continuation, line 28)................................ 1 00 00 00 00 00 Additions 2 Interest income (state and local obligations)... 2 00 00 00 00 00 3 State taxes based on net/gross income........... 3 00 00 00 00 00 4 Depreciation adjustment.................................. 4 00 00 00 00 00 5 Deductions attributable to nontaxable income.. 5 00 00 00 00 00 6 Related party expenses................................... 6 00 00 00 00 00 7 Dividend paid deduction (REIT)....................... 7 00 00 00 00 00 8 Revenue Agent Report (RAR)......................... 8 00 00 00 00 00 9 Kentucky capital gain from Kentucky Schedule D, line 18.......................................... 9 00 00 00 00 00 10 Loss from Form 4797 found on federal Form 1120, line 9...................................................... 10 00 00 00 00 00 11 Gain from Kentucky Form 4797, Part II, line 17. 11 00 00 00 00 00 12 Federal allowable depletion from Form 1120, line 21.............................................................. 12 00 00 00 00 00 13 Federal contribution deductions from Form 1120, line 19.................................................... 13 00 00 00 00 00 14 Terminal Railroad Corporation adjustments..... 14 00 00 00 00 00 15 Federal allowable passive activity loss............ 15 00 00 00 00 00 16 Federal taxable loss of all exempt corporations.. 16 00 00 00 00 00 17 Reserved for future use................................... 17 00 00 00 00 00 18 Enter additions to federal taxable income from Kentucky Schedule(s) K-1....................... 18 00 00 00 00 00 19 Internal Revenue Code adjustments (see instructions)..................................................... 19 00 00 00 00 00 20 Other additions (attach explanation)............. 20 00 00 00 00 00 21 Total (add lines 1 through 20)......................... 21 00 00 00 00 00 SCHEDULE KCR KENTUCKY CONSOLIDATED RETURN SCHEDULE (Attach All Applicable Schedules) Commonwealth of Kentucky Department of Revenue Name of Corporation 230221 41A720KCR (10-23) Name Page ____ of ____ FEIN Kentucky Corporation/LLET Account Number ___ ___ — ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ Name Name Name Name _____________________________ _____________________________ _____________________________ _____________________________ _____________________________ FEIN ________________________ FEIN ________________________ ________________________ FEIN ________________________ FEIN FEIN ________________________ KY Corp./LLET Acct. No. KY Corp./LLET Acct. No. KY Corp./LLET Acct. No. KY Corp./LLET Acct. No. KY Corp./LLET Acct. No. _____________________________ _____________________________ _____________________________ _____________________________ _____________________________ Subtractions 22 Interest income (U.S. obligations)................... 22 00 00 00 00 00 23 Dividend income............................................. 23 00 00 00 00 00 24 Reserved for future use.................................. 24 00 00 00 00 00 25 Depreciation adjustment................................. 25 00 00 00 00 00 26 Revenue Agent Report (RAR)........................ 26 00 00 00 00 00 27. Capital Gain from Form 1120, line 8............... 27 00 00 00 00 00 28 Gain from Form 4797 found on federal Form 1120, line 9..................................................... 28 00 00 00 00 00 29 Loss from Kentucky Form 4797, Part II, line 17. 29 00 00 00 00 00 30 50% of the gross royalty income derived from any disposal of coal with a retained economic interest defined by IRC §631(c) and all IRC §272 expenses if the corporation elects not to use percentage depletion...................... 30 00 00 00 00 00 31 Terminal Railroad Corporation adjustments.... 31 00 00 00 00 00 32 Kentucky allowable passive activity loss........ 32 00 00 00 00 00 33 Kentucky allowable depletion......................... 33 00 00 00 00 00 34 Kentucky contribution deductions................... 34 00 00 00 00 00 35 Reserved for future use.................................. 35 00 00 00 00 00 36 Federal taxable income of all exempt corporations.................................................... 36 00 00 00 00 00 37 Enter subtractions from federal taxable income from Kentucky Schedule(s) K-1......... 37 00 00 00 00 00 38 Internal Revenue Code adjustments.............. 38 00 00 00 00 00 39 Other subtractions (attach explanation).......... 39 00 00 00 00 00 40 Net income (line 21 less lines 22 through 39). 40 00 00 00 00 00 41 Net non-apportionable income........................ 41 00 00 00 00 00 42 Kentucky net non-apportionable income........ 42 00 00 00 00 00 SCHEDULE KCR (2023) Schedule KCR—Kentucky Consolidated Return Schedule Page 5 of 5 GENERAL INSTRUCTIONS Purpose of Schedule—This schedule must be completed to compute the Kentucky consolidated net income of an affiliated group filing an elective consolidated Kentucky tax return per KRS 141.201. Schedule KCR must be attached to Form 720, Kentucky Corporation Income Tax and LLET Return, filed with the Kentucky Department of Revenue. Specific Instructions—For each subsidiary, enter the name, federal employer identification number (FEIN), and, if applicable, the Kentucky Corporation/LLET Account Number. If there are more than two subsidiaries in the affiliated group, use page 3, Kentucky Consolidated Return Schedule—Continuation Sheet. Line 1—Enter the amounts from Schedule CR, Line 28 of each column in the respective columns of Schedule KCR. Lines 2–20—Enter the additions to federal taxable income for the parent and each subsidiary using instructions for Form 720, Kentucky Corporation Income Tax and LLET Return, Part I, Lines 2 through 20. Enter for each line the intercompany elimination in the Intercompany Eliminations column and the consolidated total in the Consolidated Totals column. Line 8—Enter Revenue Agent Report (RAR)(Form 4549) federal taxable income increase(s). Use this line only if amending Form 720 as a result of RAR adjustment(s) and attach a copy to the return. Line 21—Enter the total of Lines 1 through 20 in each column. Lines 22–39—Enter the subtractions from federal taxable income for the parent and each subsidiary using instructions for Form 720, Kentucky Corporation Income Tax and LLET Return, Part I, Lines 22 through 39. Enter for each line the intercompany elimination in the Intercompany Eliminations column and the consolidated total in the Consolidated Totals column. Line 26—Enter Revenue Agent Report (RAR)(Form 4549) federal taxable income decrease(s). Use this line only if amending Form 720 as a result of RAR adjustment(s) and attach a copy to the return. Line 40—Enter the amount of Line 21 less Lines 22 through 39 for each column. Line 41—Enter net non-apportionable income from Schedule A, Part II, Line 3 in the total column and the applicable amounts in the columns for the parent and each subsidiary. Line 42—Enter Kentucky net non-apportionable income from Schedule A, Part II, Line 7 in the total column and the applicable amounts in the columns for the parent and each subsidiary. Enter the amounts from Line 1 through Line 40 of the Total column on Form 720, Part I, Lines 1 through 40. 41A720KCR (10-23)
Schedule KCR Form 720
More about the Kentucky Schedule KCR Form 720 Corporate Income Tax TY 2023
We last updated the Kentucky Consolidated Return Schedule in February 2024, so this is the latest version of Schedule KCR Form 720, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule KCR Form 720 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 Schedule KCR Form 720.
| Form Code | Form Name |
|---|---|
| Schedule KCR-C Form 720 | Kentucky Consolidated Return Schedule - Continuation Sheet (DISCONTINUED) |
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 Schedule KCR Form 720 from the Department of Revenue in February 2024.
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 Schedule KCR Form 720
We have a total of eight past-year versions of Schedule KCR Form 720 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2015 Schedule KCR Form 720
Schedule KCR Form 720 -
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