The Delaware 300 form is a tax return specifically designed for partnerships operating in Delaware. This form is essential for reporting income and deductions, ensuring compliance with state tax regulations. Filing the Delaware 300 helps partnerships clarify their financial activities and determine their tax obligations accurately.
The Delaware 300 form serves as a crucial document for partnerships operating within the state, capturing essential financial information for tax purposes. Designed to ensure compliance with Delaware tax laws, this form requires partnerships to disclose their income, deductions, and apportionment percentages. A partnership must file this return if it has income sourced from Delaware or includes Delaware resident partners. The form includes sections for reporting ordinary income, capital gains, and various deductions, all of which help determine the partnership's tax obligations. Additionally, partnerships are required to provide details about their formation year, total number of partners, and any changes in address. By carefully completing the Delaware 300 form, partnerships can accurately report their financial activities while fulfilling their legal responsibilities to the state. This article will delve into the intricacies of the form, offering insights into each section and its implications for partnerships operating in Delaware.
DELAWARE
FORM 300
DELAWARE PARTNERSHIP RETURN
TAX YEAR 2006
DO NOT WRITE OR STAPLE IN THIS AREA
FISCAL YEAR _________/_________/__________ To
__________/__________/__________
REV CODE 006
NAME
EMPLOYER IDENTIFICATION NUMBER
ADDRESS
NATURE OF BUSINESS (SEE INSTRUCTIONS)
CITY
STATE
ZIP CODE
A. CHECK APPLICABLE BOX:
AMENDED RETURN
PARTNERSHIP DISSOLVED OR INACTIVE
IF THE PARTNERSHIP ADDRESS HAS CHANGED, WHICH ADDRESS IS AFFECTED?
LOCATION
B.DID THE PARTNERSHIP HAVE INCOME DERIVED FROM OR CONNECTED WITH SOURCES IN DELAWARE?
DID THE PARTNERSHIP HAVE DELAWARE RESIDENT PARTNERS?
YES
NO
IF THE ANSWER TO EITHER QUESTION ON LINE B IS “YES”, A PARTNERSHIP RETURN IS REQUIRED TO BE FILED.
C.TOTAL NUMBER OF PARTNERS:
D.YEAR PARTNERSHIP FORMED:
ATTACH COMPLETED COPY OF U.S. PARTNERSHIP RETURN OF INCOME FORM 1065 AND ALL SCHEDULES.
CHANGE OF ADDRESS
MAILING
BILLING
SCHEDULE 1 - PARTNERSHIP SHARE OF INCOME AND DEDUCTIONS WITHINAND WITHOUT DELAWARE
INCOME:
1.
Ordinary income (loss) from Federal Form 1065, Schedule K, Line1
1
2.
Apportionment percentage from Delaware Form 300, Schedule 2, Line 16
2
3.
Ordinary income apportioned to Delaware. Multiply Line 1 times Line 2
3
Column A
Total
00
%
Column B
Within Delaware
4. Enter in Column A the amount from Line 1.....................................................................
Enter in Column B the amount from Line 3.....................................................................
4
004
5. Net income (loss) from rental real estate activities,
5
Federal Form 1065, Schedule K, Line 2
6. Net income (loss) from other rental activities,
6
Federal Form 1065, Schedule K, Line 3c
7. Guaranteed payments from Federal Form 1065, Schedule K, Line 4
7
8. Interest income from Federal Form 1065, Schedule K, Line 5
8
9. Dividend income from Federal Form 1065, Schedule K, Line 6(a)
9
10. Royalty income from Federal Form 1065, Schedule K, Line 7
10
11. Net short term capital gain (loss) from
Federal Form 1065, Schedule K, Line 8
11
12a. Net long term capital gain (loss) from
Federal Form 1065, Schedule K, Line 9(a)
12a
b. Collectible gain (loss) - Fed Form 1065, Sch. K, Line 9b
c. Unrecaptured Section 1250 gain - Fed Form 1065, Sch. K, Line 9c
13. Net gain (loss) under Section 1231 from
Federal Form 1065, Schedule K, Line 10
13
14. Other income (loss) (Attach schedule) from
Federal Form 1065, Schedule K, Line 11
14
15. Total Income (Combine Lines 4 through 12a, Line 13, and Line 14)
15
DEDUCTIONS:
16.Charitable contributions from
Federal Form 1065, Schedule K, Line 13(a)
16
17.
Section 179 expense deduction from
17
Federal Form 1065, Schedule K, Line 12
18.
Expenses related to portfolio income (loss) from
18
Federal Form 1065, Schedule K, Line 13(b) and 13(c)
19.
Other deductions from Federal Form 1065, Schedule K, Line 13(d)
19
12b
12c
005
006
007
008
009
0010
0011
0012a
0013
0014
0015
0016
0017
0018
0019
SCHEDULE 2 - APPORTIONMENT PERCENTAGE: COMPLETE ONLY IF PARTNERSHIP HAS INCOME DERIVED FROM OR CONNECTED WITH SOURCES IN DELAWARE AND AT LEAST ONE OTHER STATE AND IF IT HAS ONE OR MORE PARTNERS WHO ARE NOT RESIDENTS IN DELAWARE.
SECTION A - GROSS REAL AND TANGIBLE PERSONAL PROPERTY
COLUMN A
COLUMN B
Delaware Sourced
Total Sourced (All Sources)
Beginning of Year
End of Year
1.Total real and tangible property owned..............................................................
2.Real tangible property rented (eight times annual rent paid).................................
3.Total (Combine Lines 1 and 2).........................................................................
4.Less: value at original cost of real and tangible property (see instructions)...........
5.Net Values (Subtract Line 4 from Line 3)..........................................................
6.
Total (Combine Line 5 Beginning and End of Year Totals)
7.
Average values. (Divide Line 6 by 2)
SECTION B - WAGES, SALARIES,AND OTHER COMPENSATION PAID ORACCRUED TO EMPLOYEES
8. Wages, salaries and other compensation of all employees....................................................
SECTION C - GROSS RECEIPTS SUBJECT TO APPORTIONMENT
9.Gross receipts from sales of tangible personal property........................................................
10.Gross income from other sources (see attachment)............................................................
11.Total..............................................................................................................................
SECTION D - DETERMINATION OF APPORTIONMENT PERCENTAGES
12a. Enter amount from Column A, Line 7..............................................................................
=
12b. Enter amount from Column B, Line 7..............................................................................
13a. Enter amount from Column A, Line 8..............................................................................
13b. Enter amount from Column B. Line 8..............................................................................
14a. Enter amount from Column A, Line 11.............................................................................
14b. Enter amount from Column B, Line 11.............................................................................
15.Total (Combine Apportionment Percentages on Lines 12, 13 and 14)
16.Apportionment percentage (see specific instructions)............................................................................................................................................................................................................................
13a
13b
14a
14b
UNDER PENALTIES OF PERJURY, I DECLARE THAT I HAVE EXAMINED THIS RETURN, INCLUDING ACCOMPANYING SCHEDULES AND STATEMENTS, AND TO THE BEST OF MY KNOWLEDGE AND BELIEF IT IS TRUE, CORRECT, AND COMPLETE. IF PREPARED BY A PERSON OTHER THAN TAXPAYER, THIS DECLARATION IS BASED ON ALL INFORMATION OF WHICH HE/SHE HAS ANY KNOWLEDGE.
SIGNATURE OF PARTNER
DATE
TELEPHONE NUMBER
E-MAIL ADDRESS
SIGNATURE OF PREPARER
PRINT NAME OF PREPARER
PREPARER ADDRESS (STREET, CITY, STATE & ZIP CODE)
PREPARER EIN/SSN/PTIN
MAIL TO: DIVISION OF REVENUE, P.O. BOX 8703, WILMINGTON, DELAWARE 19899-8703
(Revised 01/22/07)
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