Worksheet 4: Partnership business deductions

Step 1 If you had more than one partnership it may help to name them on the form.

Step 2 If you show partnership deduction amounts in your 2010 tax return for items listed in column (a), write the amounts into column (b).

Step 3 For each amount in column (b) write the amounts in columns (c), (d) or (e). The sum of (c), (d) and (e) must equal (b).

Exclude any deductions that relate to trust distributions.

(a)

(b)

Amount shown that relates to business income

(c)

Partnership name:

(d)

Partnership
name
(2):

(e)

Partnership
name
(3):

Partnership loss

Amount (if any) you were instructed in Table 3 and Table 5 to write

(f)

(f)

(f)

Partnership and trusts: Landcare and water facilities

included in amount shown at I and J item 13

Partnership and trusts: other deductions relating to distributions

included in amount shown at X and Y item 13 relating to partnership distribution only

Other deductions relating to partnership distributions

amounts included as deductions at other items, but only if they are not shown as business deductions in worksheet 2.

Total business expenses

Total each column

(j)

(j)

(j)