Part I. Complete this part for each transaction if during the

tax year the entity received proceeds from or has net income attributable to a PTST.

Figure the tax for each transaction as follows.

• If column (e) was answered “Yes,” then enter the larger of the column (f) or column (g) amount in column (h).

• If column (e) was answered “No,” then multiply the larger of the amount in column (f) or column (g) by 21% (0.21) and enter the result in column (h).

After the tax has been figured for all PTSTs entered on Schedule J, then total column (h) and enter the amount on the Total line and on line 9 of Part I.