The company said in an unscheduled statement on Wednesday it would also look into restructuring its chemical sites further in the region over the longer term after being hit by high energy prices.īASF cited significantly weaker earnings in Europe due to 'deteriorating framework conditions' and a loss in Germany in the third quarter as reasons for the cutbacks. A general view of the German chemical company, BASF Schwarzheide GmbH in Schwarzheide, Germany, December 10, 2019.īASF is to reduce annual costs by 500 million euros ($485 million) in Europe up to 2024, including job cuts, as the German chemicals group took a 740 million euro writedown linked to the Nord Stream 1 pipeline. ģ0 Additional IRC section 263A costs (submit statement). Section 3 – Cost of goods sold (from federal Form 1125-A, see instructions)Ģ7 Inventory at beginning of year. Important: You must make an entry on line 26a.Ģ6a Recomputed ordinary business income (loss) (see instructions). 25Ģ6 Ordinary business income (loss) (subtract line 25 from line 10). 24Ģ5 Total deductions (add lines 11 through 17 and lines 20 through 24). 23Ģ4 Other deductions (submit statement). 20Ģ1 Depletion (do not deduct oil and gas depletion). 18ġ9 Depreciation reported on federal Form 1125-AĪnd elsewhere on return. 17ġ8ĝepreciation (if required, submit federal Form 4562). Part 2 – Deductions from federal Form 1065ġ1 Salaries and wages (other than to partners) (less employment credits). 9ġ0 Total income (loss) (combine lines 5 through 9). 8ĩ Other income (loss) (submit statement). 7Ĩ Net gain (loss) from federal Form 4797, Part II, line 17 (submit federal Form 4797). 6ħ Net farm profit (loss) (submit federal Form 1040, Schedule F). 5Ħ Ordinary income (loss) from other partnerships, estates, and trusts (submit statement). 4ĥ Gross profit (subtract line 4 from line 3). Section 2 – Federal ordinary business income (loss)ġ Gross receipts or sales. IRC § 457A, on its 2021 federal return? (see instructions). R Was the partnership required to report any nonqualified deferred compensation, as required by Q Did the partnership have a financial account located in a foreign country? (see instructions). P Did the partnership make purchases subject to sales and compensating use tax for which NYS tax If Yes, complete and submit Form(s) DTF-686, DTF-686-ATT, and any applicable federal forms. Reportable transaction, New York reportable transaction, listed transaction or registered tax shelter?. O Is the partnership required to file Form DTF-686 or DTF-686-ATT for this filing period, to report a N Is this partnership under audit by the IRS or has it been audited in a prior year?. M Does the partnership have a valid IRC section 754 election in place for this reporting period?. L Was there a distribution of property or a transfer of a partnership interest during the tax year?. K Did the partnership sell property during the tax year that had a deferred gain from a previous IRC 1031 or Section 1 – Partnership information (continued) Mail your return to: STATE PROCESSING CENTER, PO BOX 15198, ALBANY NY 12212-5198. J Yesįirm’s name (or yours, if self-employed) Preparer’s PTIN or SSN J Did the partnership engage in a like-kind transaction under IRC 1031 during the tax year?.

I Has there been a transfer or acquisition of a controlling interest in this entity during the last three years?. H Did the partnership have an interest in real property located in NYS during the last three years?. G Does the partnership currently have tax accounts with NYS for the following taxes? Ğ1 Yes NoĢ)Ē020?.Ğ2 Yes Noį Number of partners 1) Article 22. ĝ3 Yes NoĮ Did you file a NYS partnership return for: 1) 2019?. ĝ2ģ) Do you concede the federal audit changes?. If Yes :Ē) Enter date of final federal determination. ě2ĭ 1) Is this return the result of federal audit changes?.

Tax year?.ě1 YesĢ) If No, enter the number of resident partners. Limited liability company (LLC - including limited liability investment company and a limited liability trust company)ī 1) Did the partnership have any income, gain, loss, or deduction derived from NY sources during the Portfolio investment partnership (see instr.) Other Principal product or service Date business startedĪ Mark an X in the box that applies to your entity Trade name of business if different from legal name aboveĪddress (number and street or rural route) Form IT-204 Partnership Return Tax Year 2021IT-204

Llc writedown