Form CT-1120A-LP "Corporation Business Tax Return - Apportionment of Limited Partnership Interests" - Connecticut

What Is Form CT-1120A-LP?

This is a legal form that was released by the Connecticut Department of Revenue Services - a government authority operating within Connecticut. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on December 1, 2017;
  • The latest edition provided by the Connecticut Department of Revenue Services;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form CT-1120A-LP by clicking the link below or browse more documents and templates provided by the Connecticut Department of Revenue Services.

ADVERTISEMENT
ADVERTISEMENT

Download Form CT-1120A-LP "Corporation Business Tax Return - Apportionment of Limited Partnership Interests" - Connecticut

Download PDF

Fill PDF online

Rate (4.8 / 5) 59 votes
Form CT-1120A-LP
Department of Revenue Services
State of Connecticut
Corporation Business Tax Return
(Rev. 12/17)
Apportionment of Limited Partnership Interests
Enter Income Year Beginning ___________________, _______, and Ending __________________, _______
Corporation name
Connecticut Tax Registration Number
General Instructions
A member of a combined group that files a Form CT-1120CU,
Combined Unitary Corporation Business Tax Return, also should
Complete this form in blue or black ink only.
not use this form to calculate its portion of the combined group’s
Complete Form CT-1120A-LP, Schedule I-LP, Schedule M-LP,
Connecticut apportioned net income and minimum tax base. See
and Schedule S-LP if a corporation, not otherwise carrying on or
Special Notice 2016(1), Combined Unitary Legislation, and the
doing business within Connecticut, is a limited partner in one or
instructions to Form-1120CU.
more limited liability companies (LLCs) or limited partnerships
If a qualifying corporation elects not to be taxed on its distributive
(other than an investment partnership) doing business, owning
share of limited partnership income or loss, indicate by checking
or leasing property, or maintaining an office within Connecticut,
the election box below and attach Form CT-1120A-LP to
if such corporation does not make an election to apportion its
Form CT-1120, Corporation Business Tax Return. Do not
income within and outside Connecticut. If a corporation is a
complete any schedules on Form CT-1120A-LP other than the
limited partner in one or more investment limited partnerships and
election box below. A taxpayer that makes this election must
the corporation is not otherwise carrying on or doing business
compute the Corporation Business tax on its entire net income
within Connecticut, the corporation is not required to file a
or minimum tax base. Compute the apportionment fraction for
Corporation Business Tax return.
income on Form CT-1120A, Schedule Q. The apportionment
A corporation should not use this form to calculate its Connecticut
fraction for the minimum tax base which includes the value
apportioned income and minimum tax base if it is (1) a general
of all partnership interests is computed on Form CT-1120A,
partner in a partnership which does business in Connecticut;
Schedule S.
(2) otherwise carrying on or doing business in Connecticut,
Check here if the corporation elects not to be taxed on its
including engaging in activities that subject it to economic
distributive share of limited partnership income or loss.
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.
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 B
Column C
Column A
Name of Limited Partnership
Partnership’s FEIN
Connecticut-Source Income
1.
2.
3.
Total: Add Lines 1 through 3, Column C.
4.
Enter here and on Form CT-1120, Schedule A, Line 3.
Form CT-1120A-LP
Department of Revenue Services
State of Connecticut
Corporation Business Tax Return
(Rev. 12/17)
Apportionment of Limited Partnership Interests
Enter Income Year Beginning ___________________, _______, and Ending __________________, _______
Corporation name
Connecticut Tax Registration Number
General Instructions
A member of a combined group that files a Form CT-1120CU,
Combined Unitary Corporation Business Tax Return, also should
Complete this form in blue or black ink only.
not use this form to calculate its portion of the combined group’s
Complete Form CT-1120A-LP, Schedule I-LP, Schedule M-LP,
Connecticut apportioned net income and minimum tax base. See
and Schedule S-LP if a corporation, not otherwise carrying on or
Special Notice 2016(1), Combined Unitary Legislation, and the
doing business within Connecticut, is a limited partner in one or
instructions to Form-1120CU.
more limited liability companies (LLCs) or limited partnerships
If a qualifying corporation elects not to be taxed on its distributive
(other than an investment partnership) doing business, owning
share of limited partnership income or loss, indicate by checking
or leasing property, or maintaining an office within Connecticut,
the election box below and attach Form CT-1120A-LP to
if such corporation does not make an election to apportion its
Form CT-1120, Corporation Business Tax Return. Do not
income within and outside Connecticut. If a corporation is a
complete any schedules on Form CT-1120A-LP other than the
limited partner in one or more investment limited partnerships and
election box below. A taxpayer that makes this election must
the corporation is not otherwise carrying on or doing business
compute the Corporation Business tax on its entire net income
within Connecticut, the corporation is not required to file a
or minimum tax base. Compute the apportionment fraction for
Corporation Business Tax return.
income on Form CT-1120A, Schedule Q. The apportionment
A corporation should not use this form to calculate its Connecticut
fraction for the minimum tax base which includes the value
apportioned income and minimum tax base if it is (1) a general
of all partnership interests is computed on Form CT-1120A,
partner in a partnership which does business in Connecticut;
Schedule S.
(2) otherwise carrying on or doing business in Connecticut,
Check here if the corporation elects not to be taxed on its
including engaging in activities that subject it to economic
distributive share of limited partnership income or loss.
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.
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 B
Column C
Column A
Name of Limited Partnership
Partnership’s FEIN
Connecticut-Source Income
1.
2.
3.
Total: Add Lines 1 through 3, Column C.
4.
Enter here and on Form CT-1120, Schedule A, Line 3.
Schedule M-LP — Connecticut Distributive Share of Limited Partnership Assets – Minimum Tax Base
Column D
Partnership’s
Column C
Column A
Column B
Apportionment Fraction
Name of Limited Partnership
Partnership’s FEIN
Average Value of Partnership
(Schedule S-LP)
1.
2.
3.
Column E
Column F
Column G
Partnership’s Apportioned Average Value
Partner’s Proportionate Share
Partner’s Average Value
Multiply Column C by Column D.
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
Column II
Column III
Connecticut
Everywhere
1. (a) Cash
Intangible
(b) Notes & Accounts Rec.
Assets
(c) Investments: Other than stock
Divide
Line 3, Column I by
(d) Other
Line 3, Column II.
Average Monthly
Net Book Value
Enter below and
1. Total
on Schedule M-LP,
Column D.
2. (a) Inventories
Carry to six places.
(b) Depreciable Assets
Tangible
Property
(c) Land
(d) Other
Average Monthly
Net Book Value
2. Total
Apportionment
3. Total: Add total amount on
Fraction
Line 1 and Line 2.
0.
CT-1120A-LP Back (Rev. 12/17)
Page of 2