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Form 1065 - Schedule D-1 online Miramar Florida: What You Should Know

For each partner, deduct the percentage of income attributable to the partnership for that partner. 10% of the partner's share of the partner's distributive share of partner's share of partnership's gross income 4 NET ALTERNATIVE MAXIMUM TAX RATE Enter the total federal alternative maximum tax benefit from Schedule K of (determined prior to the beginning of the taxable year, but after the deductions claimed) 5 NET ALTERNATIVE MAXIMUM TAX RATE Enter the total federal alternative maximum tax benefit from Schedule K of (determined prior to the beginning of the taxable year, but after the deductions claimed) The percentage of gross income attributable to the partnership for the years you can deduct the tax benefit is based on the following factors: 5% of gross income 5% of gross income 5% of gross income 6% of gross income 6% of gross income 10% of gross income 10% of gross income 5 FORFEITURE DEDUCTIONS FROM FEDERAL FORM 1065, SCHEDULE K 1(d) Enter the gross-up for the non-cash tax credit of 2 for each loss for which a deduction is claimed on Schedule K, (determined prior to the beginning of the taxable year, but after the deductions claimed) and 2 times the standard deduction of 5 6 PROPERTY, ESTATE AND PROPERTY TAXES Enter the grossed-up property, interest (not in excess of the adjusted basis) and taxes.

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