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Form 1120 (Schedule G) online Kentucky: What You Should Know

Fill in the required columns. 1. Name. UPPER CASE. 2. Social Security Number. 3. Address. SINGLE CASE. 4. (Select from box 10) Dividends and Interest. 5. (Click on the checkbox corresponding to the income generated). 6. Select the amount of income generated using Form 1041, Adjusted Gross Income (AGI). 7. Specify whether the income is from wages and salaries, capital gains and interest, and dividends. (Enter as much, if any, of this income as you know) 8. Specify whether the income is from dividends, interest, or capital gains. (You must select the appropriate answer that best reflects the income: 1. Interest and investment income, or 2. Payroll, sales, or other income not included  with wages or salaries that is subject to tax). 9. Enter “No”. 10. (Click on the checkbox corresponding to the amount of taxable income generated  by the sale or exchange of an interest in the corporation) 11. Enter the amount of taxable income of the sale or exchange. 2. (Select from box 10) Foreign Income. (Enter the amount of income in pounds sterling). Enter the amount of taxable income of the sale or exchange. 3. (Select from box 10) Partnership Income. (Enter the amount of income in pounds sterling). Enter the amount of taxable income of the sale or exchange. 4. (Select from box 10) Dividends. Income from shares of the corporation. 5. (Enter from box 10) Capital Gains and Losses. Income from the sale of corporate property or shares of the corporation. (If not included on line 2) 11. (Click on a checkbox corresponding to Form 1033, Qualified Partnership Dividends.) Enter the amount of dividend. 12. (Click on the checkbox indicating whether income from the sale was subject to tax) 13. Enter information on any corporation to which the corporation sold or exchanged stock. (Select the correct answer for the corporation.) 14. Enter the amount of the sale or exchange. 15. (Click on a checkbox corresponding to form 1035, Statement of Share ownership.) Enter the number of shares of the corporation, which must have been owned by the corporation at the time of the sale or exchange. 16. (Click on a checkbox corresponding to Form 2553, Shareholder Affidavit.) Complete in column (a) the form information. 17.

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