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

Final K-1

2013

Schedule K-1
(Form 8865)

For calendar year 2013, or tax
year beginning

Department of the Treasury
Internal Revenue Service

ending

, 2013
, 20

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

Information About the Partnership

Amended K-1

Part III Partner’s Share of Current Year Income,
Deductions, Credits, and Other Items
1

Ordinary business income (loss)

2

Net rental real estate income (loss)

3

Other net rental income (loss)

A1

Partnership’s employer identification number

4

Guaranteed payments

A2

Reference ID number (see instr.)

5

Interest income

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

6a

Ordinary dividends

6b

Qualified dividends

B

Part II

Information About the Partner

7

Royalties

8

Net short-term capital gain (loss)

C

Partner’s identifying number

9a

Net long-term capital gain (loss)

D

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

9b

Collectibles (28%) gain (loss)

9c

Unrecaptured section 1250 gain

10

Net section 1231 gain (loss)

11

Other income (loss)

E

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

F

OMB No. 1545-1668

15

Credits

16

Foreign transactions

17

Alternative minimum tax
(AMT) items

18

Tax-exempt income and
nondeductible expenses

19

Distributions

20

Other information

Ending

Profit

%

%

Loss

%

%

Capital

%

%

Deductions

%

%

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.

IRS.gov/form8865

Cat. No. 28396B

Schedule K-1 (Form 8865) 2013

Page 2

Schedule K-1 (Form 8865) 2013

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.
1.

Ordinary business income (loss). Determine whether the income (loss) is
passive or nonpassive and 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
9a. Net long-term capital gain (loss)
Schedule D, line 12
9b. Collectibles (28%) gain (loss)
28% Rate Gain Worksheet, line 4
(Schedule D instructions)
9c. Unrecaptured section 1250 gain
See Partner’s Instr. (Form 1065)
10. Net section 1231 gain (loss)
See Partner’s Instr. (Form 1065)
11. Other income (loss)
Code
A Other portfolio income (loss)
See Partner’s Instr. (Form 1065)
B Involuntary conversions
See Partner’s Instr. (Form 1065)
C Sec. 1256 contracts & straddles
Form 6781, line 1
D Mining exploration costs recapture See Pub. 535
E Cancellation of debt
Form 1040, line 21 or Form 982
F Other income (loss)
See Partner’s Instr. (Form 1065)
12. Section 179 deduction
See Partner’s Instr. (Form 1065)
13. Other deductions
A Cash contributions (50%)
B Cash contributions (30%)
C Noncash contributions (50%)
D Noncash contributions (30%)
See Partner’s Instr. (Form 1065)
E Capital gain property to a 50%
organization (30%)
F Capital gain property (20%)
G Contributions (100%)
H Investment interest expense
Form 4952, line 1
I Deductions—royalty income
Schedule E, line 19
J Section 59(e)(2) expenditures
See Partner’s Instr. (Form 1065)
K Deductions—portfolio (2% floor)
Schedule A, line 23
L Deductions—portfolio (other)
Schedule A, line 28
M Amounts paid for medical insurance Schedule A, line 1 or Form 1040,
line 29
N Educational assistance benefits
See Partner’s Instr. (Form 1065)
Form 2441, line 12
O Dependent care benefits
P Preproductive period expenses
See Partner’s Instr. (Form 1065)
Q Commercial revitalization deduction
from rental real estate activities
See Form 8582 instructions
R Pensions and IRAs
See Partner’s Instr. (Form 1065)
S Reforestation expense deduction
See Partner’s Instr. (Form 1065)
T Domestic production activities
information
See Form 8903 instructions
U Qualified production activities income Form 8903, line 7b
V Employer’s Form W-2 wages
Form 8903, line 17
W Other deductions
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
Schedule SE, Section A or B
B Gross farming or fishing income
See Partner’s Instr. (Form 1065)
C Gross non-farm income
See Partner’s Instr. (Form 1065)
15. Credits
A Low-income housing credit (section

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B
C
D
E
F
G
H
I

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42(j)(5)) from pre-2008 buildings
Low-income housing credit
(other) from pre-2008 buildings
Low-income housing credit (section
42(j)(5)) from post-2007 buildings
Low-income housing credit (other)
from post-2007 buildings
Qualified rehabilitation
expenditures (rental real estate)
Other rental real estate credit
Other rental credits
Undistributed capital gains credit
Biofuel producer credit

See Partner’s Instr. (Form 1065)

Form 1040, line 71; box a
See Partner’s Instr. (Form 1065)

16.

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Report on
Code
J Work opportunity credit
K Disabled access credit
L Empowerment zone employment
credit
M Credit for increasing research activities
See Partner’s Instr. (Form 1065)
N Credit for employer social
security and Medicare taxes
O Backup withholding
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
Form 1116, line 12
N Reduction in taxes available for credit
O Foreign trading gross receipts
Form 8873
P Extraterritorial income exclusion
Form 8873
Q Other foreign transactions
See Partner’s Instr. (Form 1065)
Alternative minimum tax (AMT) items
A Post-1986 depreciation adjustment
See Partner’s Instr.
B Adjusted gain or loss
(Form 1065) and the
C Depletion (other than oil & gas)
Instructions for
D Oil, gas, & geothermal—gross income
Form 6251
E Oil, gas, & geothermal—deductions
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 1065)
C Nondeductible expenses
See Partner’s Instr. (Form 1065)
Distributions
A Cash and marketable securities
B Distribution subject to section 737
See Partner’s Instr. (Form 1065)
C Other property
Other information
A Investment income
Form 4952, line 4a
Form 4952, line 5
B Investment expenses
C Fuel tax credit information
Form 4136
D Qualified rehabilitation expenditures
(other than rental real estate)
See Partner’s Instr. (Form 1065)
E Basis of energy property
See Partner’s Instr. (Form 1065)
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
H Recapture of investment credit
See Form 4255
I
Recapture of other credits
See Partner’s Instr. (Form 1065)
Look-back interest—completed
J
long-term contracts
See Form 8697
K Look-back interest—income forecast
method
See Form 8866
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
R Interest allocable to production
expenditures
See Partner’s Instr. (Form 1065)
S CCF nonqualified withdrawals
T Depletion Information—oil and gas
U Amortization of reforestation costs
V Unrelated business taxable income
W Precontribution gain (loss)
X Section 108(i) information
Y
Net investment income
Z
Other information

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17.

18.

19.

20.

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