04 (2016) 66&502 01.07.17 Section 2 - Federal ordinary business income (loss) Part 1 - Income from federal Form 1065 1 Gross receipts or sales 2 Returns and allowances 3 Subtract line 2 from line 1 4 Cost of goods sold 5 Gross profit (subtract line 4 from line 3) 6 Ordinary income (loss) from