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*10000165* FORM 65 CY FY SY ALABAMA DEPARTMENT OF REVENUE 2010 Partnership/Limited Liability Company Return of Income ALSO TO BE FILED BY SYNDICATES, POOLS, JOINT VENTURES, ETC. Important! You Must
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Computation of separately stated refers to the process of calculating and reporting income, deductions, and credits that are required to be separately stated for tax purposes.
Entities such as partnerships and S corporations are required to file computation of separately stated as part of their tax returns.
Computation of separately stated is filled out by identifying the income, deductions, and credits that need to be separately stated, and then calculating the amounts for each category.
The purpose of computation of separately stated is to provide transparency and accuracy in reporting income, deductions, and credits for tax purposes.
Information such as specific types of income, deductions, and credits that are required to be separately stated for tax purposes must be reported on computation of separately stated.
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