Schedule K-1 (8865 Partner�s Share of Income, Deductions, Credits, etc.

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I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
Schedule K-1 (FORM 8865), 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 (8 1/2") x 279mm (11")
PERFORATE: None
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Final K-1

2008

Schedule K-1
(Form 8865)

Part III

year beginning
ending

Information About the Partnership

A

Partnership’s employer identification number

B

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

Part II

Information About the Partner

C

Partner’s identifying number

D

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

E

Partner’s share of profit, loss, capital, and deductions:
(see Partner’s Instr. (Form 1065))
Beginning

F

Signature

O.K. to print
Revised proofs
requested

Amended K-1

OMB No. 1545-1668

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

, 2008

, 20

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

Date

f
o
s
a
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t
0
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7
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For calendar year 2008, or tax

Department of the Treasury
Internal Revenue Service

Action

Ending

Profit

%

%

Loss

%

%

Capital

%

%

Deductions

%

%

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

10

Net section 1231 gain (loss)

11

Other income (loss)

15

Credits

16

Foreign transactions

17

Alternative minimum tax
(AMT) items

18

Tax-exempt income and
nondeductible expenses

19

Distributions

20

Other 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

(

)

12

Section 179 deduction

13

Other deductions

Section 704(b) book

For IRS Use Only

Other (explain)

14

Self-employment earnings (loss)

*See attached statement for additional information.
For Paperwork Reduction Act Notice, see Instructions for Form 8865.

Cat. No. 28396B

Schedule K-1 (Form 8865) 2008

2
I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
SCHEDULE K-1 (FORM 8865), 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 8865) 2008

Page

This list identifies the codes used on Schedule K-1 for partners and provides summarized reporting information for partners who
file Form 1040. For detailed reporting and filing information, see the Partner’s Instructions for Schedule K-1 (Form 1065) and the
instructions for your income tax return.

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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 Partner’s Instr. (Form 1065)
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 Partner’s Instr. (Form 1065)
3. Other net rental income (loss)
Net income
Schedule E, line 28, column (g)
Net loss
See Partner’s Instr. (Form 1065)
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 Partner’s Instr. (Form 1065)
9c. Unrecaptured section 1250 gain
10. Net section 1231 gain (loss)
See Partner’s Instr. (Form 1065)
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 Partner’s Instr. (Form 1065)
See Partner’s Instr. (Form 1065)
Form 6781, line 1
See Pub. 535
Form 1040, line 21 or Form 982
See Partner’s Instr. (Form 1065)
See Partner’s Instr. (Form 1065)

See Form 8582 Instructions
See Partner’s Instr. (Form 1065)
See Partner’s Instr. (Form 1065)
See Form 8903 instructions
Form 8903, line 7
Form 8903, line 15
See Partner’s Instr. (Form 1065)

Schedule SE, Section A or B
See Partner’s Instr. (Form 1065)
See Partner’s Instr. (Form 1065)

%

See Partner’s Instr. (Form 1065)

%

See Partner’s Instr. (Form 1065)

Form 1040, line 69; check box a
See Partner’s Instr. (Form 1065)

1065)

%

17.

18.
Form 4952, line 1
Schedule E, line 18
See Partner’s Instr. (Form 1065)
Schedule A, line 23
Schedule A, line 28
Schedule A, line 1 or Form 1040,
line 29
See Partner’s Instr. (Form 1065)
Form 2441, line 14
See Partner’s Instr. (Form 1065)

1065)

%

See Partner’s Instr. (Form 1065)

14. Self-employment earnings (loss)
Note: If you have a section 179 deduction or any partner-level deductions, see
the Partner’s Instr. (Form 1065) before completing Schedule SE.
A Net earnings (loss) from
self-employment
B Gross farming or fishing income
C Gross non-farm income
15. Credits
A Low-income housing credit
(section 42(j)(5))
B Low-income housing credit (other)
C Qualified rehabilitation expenditures
(rental real estate)
D Other rental real estate credits
E Other rental credits
F Undistributed capital gains credit
G Alcohol and cellulosic biofuel fuels credit
H Work opportunity credit
I Welfare-to-work credit
J Disabled access credit

16.

Code
Report on
K Empowerment zone and renewal
community employment credit
Form 8844, line 3
L Credit for increasing research
activities
M New markets credit
See Partner’s Instr. (Form
N Credit for employer social security
and Medicare taxes
Form 1040, line 63
O Backup withholding
See Partner’s Instr. (Form
P Other credits
Foreign transactions
A Name of country or U.S.
possession
Form 1116, Part I
B Gross income from all sources
C Gross income sourced at partner level
Foreign gross income sourced at partnership level
D Passive category
Form 1116, Part I
E General category
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
Form 1116, Part I
J General category
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
P Extraterritorial income exclusion
Form 8873
See Partner’s Instr. (Form
Q Other foreign transactions
Alternative minimum tax (AMT) items
A Post-1986 depreciation adjustment
B Adjusted gain or loss
See Partner’s Instr.
C Depletion (other than oil & gas)
(Form 1065) and the
D Oil, gas, & geothermal—gross income
Instructions for
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 Partner’s Instr. (Form
C Nondeductible expenses
See Partner’s Instr. (Form
Distributions
A Cash and marketable securities
B Other property
C Distribution subject to section 704(c)(1)(B) See Partner’s Instr. (Form
D Distribution subject to section 737
Other information
A Investment income
Form 4952, line 4a
B Investment expenses
Form 4952, line 5
C Fuel tax credit information
Form 4136
D Qualified rehabilitation expenditures
(other than rental real estate)
See Partner’s Instr. (Form
E Basis of energy property
See Partner’s Instr. (Form
F Recapture of low-income housing
credit (section 42(j)(5))
Form 8611, line 8
G Recapture of low-income housing
credit (other)
Form 8611, line 8
See Form 4255
H Recapture of investment credit
I Recapture of other credits
See Partner’s Instr. (Form
J Look-back interest—completed
Form 8697
long-term contracts
K Look-back interest—income forecast
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
See Partner’s Instr.
Q Section 1260(b) information
(Form 1065)
R Interest allocable to production
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 Contribution subject to section 704(c)
X Other information

19.

20.

1065)

%

%

%

1065)
1065)

1065)

1065)
1065)

1065)

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