CCH Axcess Tax

Introduction to the Kentucky Partnership Return

The Kentucky General Partnership Income Return, Form 765-GP, is prepared for calendar, fiscal, and short year partnerships using entries made for the federal return and specific Kentucky entries. The following forms and schedules are prepared for the Kentucky return:

Form 40A102, Application for Extension of Time to File
Form 740NP-WH, Nonresident Income Tax Withholding Transmittal
Form 740NP-WH-SL, Application for Six Month Extension of Time to File
Form 740NP-WH-ES, Nonresident Withholding Estimated Income Tax
Form 740NP-WH-P, Underpayment and Late Payment of Estimated Tax
Form PTE-WH - Nonresident Income Tax Withholding Copies A-D
Form 765-GP, Kentucky General Partnership Income Return
Kentucky Schedule K for Partnerships with Economic Development Project(s)
Kentucky Schedule O-PTE, Additions and Subtractions to/from Federal Ordinary Income
Kentucky Schedule 8903-K, Domestic Production Activities Deduction
Kentucky Schedule A, Apportionment and Allocation
Kentucky Schedule A-C, Apportionment and Allocation- Continuation Sheet
Kentucky Schedules KBI-SP and KBI-T Tax Computation and Tracking
Kentucky KBI Annual Report and Spreadsheet
Kentucky Schedules KIDA-SP and KIDA-T Tax Computation and Tracking
Kentucky Schedules KIRA-SP and KIRA-T Tax Computation and Tracking
Kentucky KIRA Annual Report and Spreadsheet
Kentucky Schedules KJDA-SP and KJDA-T Tax Computation and Tracking
Kentucky Schedules KRA-SP and KRA-T Tax Computation and Tracking
Kentucky Schedules KREDA-SP and KREDA-T Tax Computation and Tracking
Kentucky KREDA Annual Report and Spreadsheet
Kentucky Schedule RC, Recycling/Composting Tax Credit
Kentucky Schedule RR-E Railroad Expansion Tax Credit
Kentucky Schedule RR-I Railroad Maintenance and Improvement tax Credit
Kentucky Schedule UTC, Unemployment Tax Credit
Kentucky 5695-K, Energy Efficiency Products Tax Credit
Kentucky 8908-K, Energy Star Home Credit
Schedule D, Capital Gains and Losses
Schedule F, Farm Income and Expenses
Form 4684, Computation of Casualty and Thefts of Business Property
Form 4797, Sales of Business Property
Form 4835, Farm Rental Income and Expenses
Form 6252, Installment Sale Income
Form 8824, Like-kind Exchanges
Form 8825, Rental Real Estate Income and Expenses
Kentucky Schedule K-1, Form 765-GP for each Partner
Kentucky Schedule UTC - K-1 for each partner

The Kentucky Form 765 Partnership Income and LLET Return is prepared for calendar, fiscal, and short year partnerships using entries made for the federal return and specific Kentucky entries. The following forms and schedules are prepared for the Kentucky return:

Form 41A720SL, Application for Extension of Time to File
Form 740NP-WH, Nonresident Income Tax Withholding Transmittal
Form 740NP-WH-SL, Application for Six Month Extension of Time to File
Form 740NP-WH-ES, Nonresident Withholding Estimated Income Tax
Form 740NP-WH-P, Underpayment and Late Payment of Estimated Tax
Form 720-ES, Corporation Estimated Income Tax
Form 765, Kentucky Partnership Income and LLET Return
Kentucky Schedule K for Partnerships with Economic Development Project(s)
Kentucky Schedule O-PTE, Additions and Subtractions to/from Federal Ordinary Income
Kentucky Schedule 8903-K, Domestic Production Activities Deduction
Kentucky Schedule A, Apportionment and Allocation
Kentucky Schedule A-C, Apportionment and Allocation - Continuation Sheet
Form 2220-K, Underpayment and Late Payment of Estimated Income Tax and LLET
Kentucky Schedules KBI-SP and KBI-T Tax Computation and Tracking
Kentucky KBI Annual Report and Spreadsheet
Kentucky Schedules KIDA-SP and KIDA-T Tax Computation and Tracking
Kentucky Schedules KIRA-SP and KIRA-T Tax Computation and Tracking
Kentucky KIRA Annual Report and Spreadsheet
Kentucky Schedules KJDA-SP and KJDA-T Tax Computation and Tracking
Kentucky Schedules KRA-SP and KRA-T Tax Computation and Tracking
Kentucky Schedules KREDA-SP and KREDA-T Tax Computation and Tracking
Kentucky KREDA Annual Report and Spreadsheet
Kentucky Schedule LLET, Limited Liability Entity Tax
Kentucky Schedule LLET-C, Limited Liability Entity Tax - Continuation Sheet
Kentucky Schedule COGS, Limited Liability Entity Tax Cost of Goods Sold
Kentucky Schedule LLET(K) Limited Liability Entity Tax for Economic Development Projects
Kentucky Schedule LLET(K)-C, Limited Liability Entity Tax for Economic Development Projects - Continuation Sheet
Kentucky Schedule LLET-EDP, Limited Liability Entity Tax for Economic Development Projects
Kentucky Schedule RC, Recycling/Composting Tax Credit
Kentucky Schedule RR-E Railroad Expansion Tax Credit
Kentucky Schedule RR-I Railroad Maintenance and Improvement tax Credit
Kentucky Schedule UTC, Unemployment Tax Credit
Kentucky Schedule TCS, Tax Credit Summary Schedule
Kentucky 5695-K, Energy Efficiency Products Tax Credit
Kentucky 8908-K, Energy Star Home Credit
Schedule D, Capital Gains and Losses
Schedule F, Farm Income and Expenses
Form 4684, Computation of Casualty and Thefts of Business Property
Form 4797, Sales of Business Property
Form 4835, Farm Rental Income and Expenses
Form 6252, Installment Sale Income
Form 8824, Like-kind Exchanges
Form 8825, Rental Real Estate Income and Expenses
Kentucky Schedule K-1, Form 765 for each Partner
Kentucky Schedule UTC - K-1 for each partner

The Kentucky Composite return, Form 740NP-WH, is prepared when requested, for both the Form 765-GP return and the Form 765 return. The following forms and schedules are prepared for the composite return:

Form 740NP-WH, Nonresident Composite Return
Form 740NP-WH-SL, Nonresident Composite Return Extension
Form PTE-WH, Composite Income Tax Withholding
Form 740NP-WH-ES, Composite Estimated Tax Worksheet and Vouchers
Form 740NP-WH-P, Composite Underpayment and Late Payment of Estimated Tax
Schedule NP, Nonresident Composite Return Schedule
Schedule K-1 NP, Partner's Composite Return Information

* See the separate Kentucky city and property instruction guides for specific information when preparing the Kentucky city returns and/or intangible or tangible returns.

A copy of the federal return, Form 1065, with all forms and schedules is attached to the government copy of the applicable Kentucky return.

State Refunds

The Kentucky Department of Revenue takes active steps to protect taxpayers, and taxpayer dollars, from fraud and identity theft. This can increase the time it takes to review and process income tax returns and requests for refunds. The department strives to process individual income tax requests efficiently and is committed to processing individual requests for income tax refunds within a timely manner.

Taxpayer’s may check their refund status online by using the Where’s My Refund? application on the Kentucky Department of Revenue website. https://iitrefundstatus.ky.gov/TRFWeb/index.jsp