Schedule K-1 (Form Partner's Share of Income, Deductions, Credits, etc

4
TLS, have you
transmitted all R
text files for this
cycle update?

Date

I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
Schedule K-1 (FORM 1065), PAGE 1 OF 2
MARGINS; TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
FLAT SIZE: 216mm (81⁄ 2 ") x 279mm (11")
PERFORATE: None
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Action

Date

Signature

O.K. to print
Revised proofs
requested

651107
Final K-1

Schedule K-1
(Form 1065)

2007

Department of the Treasury
Internal Revenue Service

Part III

ending

Information About the Partnership

A

Partnership’s employer identification number

B

Partnership’s name, address, city, state, and ZIP code

C

IRS Center where partnership filed return

D

Check if this is a publicly traded partnership (PTP)

E

Tax shelter registration number, if any

F

Check if Form 8271 is attached

Part II

Partner’s identifying number

H

Partner’s name, address, city, state, and ZIP code

J

1

Ordinary business income (loss)

2

Net rental real estate income (loss)

3

Other net rental income (loss)

4

Guaranteed payments

5

Interest income

6a

Ordinary dividends

6b

Qualified dividends

7

Royalties

8

Net short-term capital gain (loss)

9a

Net long-term capital gain (loss)

9b

Collectibles (28%) gain (loss)

9c

Unrecaptured section 1250 gain

General partner or LLC
member-manager

10

Net section 1231 gain (loss)

11

Other income (loss)

12

Section 179 deduction

13

Other deductions

Limited partner or other LLC
member

Domestic partner

Foreign partner

K

What type of entity is this partner?

L

Partner’s share of profit, loss, and capital:
Beginning

16

Foreign transactions

17

Alternative minimum tax (AMT) items

18

Tax-exempt income and
nondeductible expenses

19

Distributions

20

Other information

%

%

Loss

%

%

Capital

%

%
Self-employment earnings (loss)

Partner’s share of liabilities at year end:
Nonrecourse

$

Qualified nonrecourse financing

$

Recourse

$

*See attached statement for additional information.

Partner’s capital account analysis:
Beginning capital account

$

Capital contributed during the year

$

Current year increase (decrease)

$

Withdrawals & distributions

$

Ending capital account

$

Tax basis

GAAP

(

Section 704(b) book

)

For IRS Use Only

N

Credits

Ending

Profit

14
M

15

Information About the Partner

G

I

Partner’s Share of Current Year Income,
Deductions, Credits, and Other Items

, 2007

, 20

Partner’s Share of Income, Deductions,
© See back of form and separate instructions.
Credits, etc.
Part I

OMB No. 1545-0099

f
o
s
a
7
t
0
f
0
a
2
r
/
D /12
6
0

For calendar year 2007, or tax
year beginning

Amended K-1

Other (explain)
For Paperwork Reduction Act Notice, see Instructions for Form 1065.

Cat. No. 11394R

Schedule K-1 (Form 1065) 2007

4
I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
SCHEDULE K-1 (FORM 1065), PAGE 2 OF 2
MARGINS; TOP 1⁄ 2 ”, CENTER SIDES. PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
FLAT SIZE: 81⁄ 2 ” x 11”
PERFORATE: NONE
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Schedule K-1 (Form 1065) 2007

Page

2

This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file
Form 1040. For detailed reporting and filing information, see the separate Partner’s Instructions for Schedule K-1 and the instructions
for your income tax return.

f
o
%
s
a
7
t
0
f
%
0
a
2
r
/
D /12 %
6
0
%

1. Ordinary business income (loss). You must first determine whether the
income (loss) is passive or nonpassive. Then enter on your return as
follows:
Report on
Passive loss
See the Partner’s Instructions
Passive income
Schedule E, line 28, column (g)
Nonpassive loss
Schedule E, line 28, column (h)
Nonpassive income
Schedule E, line 28, column (j)
2. Net rental real estate income (loss) See the Partner’s Instructions
3. Other net rental income (loss)
Net income
Schedule E, line 28, column (g)
Net loss
See the Partner’s Instructions
4. Guaranteed payments
Schedule E, line 28, column (j)
5. Interest income
Form 1040, line 8a
6a. Ordinary dividends
Form 1040, line 9a
6b. Qualified dividends
Form 1040, line 9b
7. Royalties
Schedule E, line 4
8. Net short-term capital gain (loss)
Schedule D, line 5, column (f)
9a. Net long-term capital gain (loss)
Schedule D, line 12, column (f)
9b. Collectibles (28%) gain (loss)
28% Rate Gain Worksheet, line 4
(Schedule D instructions)
See the Partner’s Instructions
9c. Unrecaptured section 1250 gain
See the Partner’s Instructions
10. Net section 1231 gain (loss)
11. Other income (loss)
Code
A Other portfolio income (loss)
B Involuntary conversions
C Sec. 1256 contracts & straddles
D Mining exploration costs recapture
E Cancellation of debt
F Other income (loss)
12. Section 179 deduction
13. Other deductions
A Cash contributions (50%)
B Cash contributions (30%)
C Noncash contributions (50%)
D Noncash contributions (30%)
E Capital gain property to a 50%
organization (30%)
F Capital gain property (20%)
G Investment interest expense
H Deductions—royalty income
I Section 59(e)(2) expenditures
J Deductions—portfolio (2% floor)
K Deductions—portfolio (other)
L Amounts paid for medical insurance

%

M
N
O
P
Q
R
S
T
U
V

Educational assistance benefits
Dependent care benefits
Preproductive period expenses
Commercial revitalization deduction
from rental real estate activities
Pensions and IRAs
Reforestation expense deduction
Domestic production activities
information
Qualified production activities income
Employer’s Form W-2 wages
Other deductions

See the Partner’s Instructions
See the Partner’s Instructions
Form 6781, line 1
See Pub. 535
Form 1040, line 21 or Form 982
See the Partner’s Instructions
See the Partner’s Instructions

17.

See the Partner’s
Instructions

Form 4952, line 1
Schedule E, line 18
See the Partner’s Instructions
Schedule A, line 23
Schedule A, line 28
Schedule A, line 1 or Form 1040,
line 29
See the Partner’s Instructions
Form 2441, line 14
See the Partner’s Instructions
See Form 8582 Instructions
See the Partner’s Instructions
See the Partner’s Instructions
See Form 8903 instructions
Form 8903, line 7
Form 8903, line 15
See the Partner’s Instructions

14. Self-employment earnings (loss)
Note. If you have a section 179 deduction or any partner-level deductions, see
the Partner’s Instructions before completing Schedule SE.
A Net earnings (loss) from
self-employment
Schedule SE, Section A or B
B Gross farming or fishing income
See the Partner’s Instructions
C Gross non-farm income
See the Partner’s Instructions
15. Credits
A Low-income housing credit
(section 42(j)(5))
B Low-income housing credit (other)
See the Partner’s Instructions
C Qualified rehabilitation expenditures
(rental real estate)
D Other rental real estate credits
E Other rental credits
Form 1040, line 70; check box a
F Undistributed capital gains credit
G Credit for alcohol used as fuel
H Work opportunity credit
See the Partner’s Instructions
I Welfare-to-work credit
J Disabled access credit

%

%

16.

18.

19.

20.

Code
Report on
K Empowerment zone and renewal
community employment credit
Form 8844, line 3
L Credit for increasing research
activities
See the Partner’s Instructions
M New markets credit
N Credit for employer social security
and Medicare taxes
O Backup withholding
Form 1040, line 64
P Other credits
See the Partner’s Instructions
Foreign transactions
A Name of country or U.S.
possession
B Gross income from all sources
Form 1116, Part I
C Gross income sourced at partner
level
Foreign gross income sourced at partnership level
D Passive category
E General category
Form 1116, Part I
F Other
Deductions allocated and apportioned at partner level
G Interest expense
Form 1116, Part I
H Other
Form 1116, Part I
Deductions allocated and apportioned at partnership level
to foreign source income
I Passive category
J General category
Form 1116, Part I
K Other
Other information
L Total foreign taxes paid
Form 1116, Part II
M Total foreign taxes accrued
Form 1116, Part II
N Reduction in taxes available for credit Form 1116, line 12
O Foreign trading gross receipts
Form 8873
Form 8873
P Extraterritorial income exclusion
Q Other foreign transactions
See the Partner’s Instructions
Alternative minimum tax (AMT) items
A Post-1986 depreciation adjustment
See the Partner’s
B Adjusted gain or loss
Instructions and
C Depletion (other than oil & gas)
the Instructions for
D Oil, gas, & geothermal—gross income
E Oil, gas, & geothermal—deductions
Form 6251
F Other AMT items
Tax-exempt income and nondeductible expenses
A Tax-exempt interest income
Form 1040, line 8b
B Other tax-exempt income
See the Partner’s Instructions
C Nondeductible expenses
See the Partner’s Instructions
Distributions
A Cash and marketable securities
See the Partner’s Instructions
B Other property
See the Partner’s Instructions
Other information
Form 4952, line 4a
A Investment income
Form 4952, line 5
B Investment expenses
Form 4136
C Fuel tax credit information
D Qualified rehabilitation expenditures
(other than rental
real estate)
See the Partner’s Instructions
See the Partner’s Instructions
E Basis of energy property
F Recapture of low-income housing
credit (section 42(j)(5))
Form 8611, line 8
G Recapture of low-income housing
Form 8611, line 8
credit (other)
H Recapture of investment credit
See Form 4255
I Recapture of other credits
See the Partner’s Instructions
J Look-back interest—completed
long-term contracts
See Form 8697
K Look-back interest—income forecast
See Form 8866
method
L Dispositions of property with
section 179 deductions
M Recapture of section 179 deduction
N Interest expense for corporate
partners
O Section 453(l)(3) information
P Section 453A(c) information
Q Section 1260(b) information
See the Partner’s
R Interest allocable to production
Instructions
expenditures
S CCF nonqualified withdrawals
T Information needed to figure
depletion—oil and gas
U Amortization of reforestation costs
V Unrelated business taxable income
W Other information

%

%