1065 Schedule K-1 Partner's Share of Income, Deductions, Credits, etc

651118
Final K-1

2018

Schedule K-1
(Form 1065)
Department of the Treasury
Internal Revenue Service

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

2018

/

/

ending

/

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

C
D

F

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

6c

Dividend equivalents

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

Information About the Partnership

IRS Center where partnership filed return
Check if this is a publicly traded partnership (PTP)

Information About the Partner

Foreign transactions

17

Alternative minimum tax (AMT) items

18

Tax-exempt income and
nondeductible expenses

19

Distributions

20

Other information

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

Limited partner or other LLC
member

10

Net section 1231 gain (loss)

H

Domestic partner

Foreign partner

11

Other income (loss)

I1

What type of entity is this partner?

I2

If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here

J

Partner’s share of profit, loss, and capital (see instructions):
Beginning
Ending
Profit

%

%

Loss

%

%

Capital

%

%

12

Section 179 deduction

13

Other deductions

14

Self-employment earnings (loss)

Partner’s share of liabilities:
Beginning
Nonrecourse

$

Qualified nonrecourse
financing . . .

$

$

Recourse

$

$

.

.

Ending

$

.

.

.

Partner’s capital account analysis:
.

.

Capital contributed during the year

.

$

.

$

Current year increase (decrease)

.

.

$

Withdrawals & distributions

.

.

.

$(

.

.

.

$

Ending capital account .
Tax basis

.

GAAP

*See attached statement for additional information.
)

Section 704(b) book

Other (explain)
Did the partner contribute property with a built-in gain or loss?

For IRS Use Only

Beginning capital account .

M

16

Partner’s identifying number

General partner or LLC
member-manager

L

Credits

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

G

K

15

Partnership’s employer identification number

Part II
E

1
For calendar year 2018, or tax year
/

beginning

OMB No. 1545-0123

Amended K-1

Yes
No
If “Yes,” attach statement (see instructions)
For Paperwork Reduction Act Notice, see Instructions for Form 1065.

www.irs.gov/Form1065

Cat. No. 11394R

Schedule K-1 (Form 1065) 2018

Schedule K-1 (Form 1065) 2018

Page

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.
1. Ordinary business income (loss). Determine whether the income (loss) is
passive or nonpassive and enter on your return as follows.
Report on
See the Partner’s Instructions
Passive loss
Passive income
Schedule E, line 28, column (h)
Nonpassive loss
See the Partner’s Instructions
Nonpassive income
Schedule E, line 28, column (k)
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 (h)
Net loss
See the Partner’s Instructions
4. Guaranteed payments
Schedule E, line 28, column (k)
5. Interest income
Form 1040, line 2b
6a. Ordinary dividends
Form 1040, line 3b
6b. Qualified dividends
Form 1040, line 3a
6c. Dividend equivalents
See the Partner’s Instructions
Schedule E, line 4
7. Royalties
8. Net short-term capital gain (loss)
Schedule D, line 5
Schedule D, line 12
9a. Net long-term capital gain (loss)
9b. Collectibles (28%) gain (loss)
28% Rate Gain Worksheet, line 4
(Schedule D instructions)
9c. Unrecaptured section 1250 gain
See the Partner’s Instructions
10. Net section 1231 gain (loss)
See the Partner’s Instructions
11. Other income (loss)
Code
A Other portfolio income (loss)
See the Partner’s Instructions
B Involuntary conversions
See the Partner’s Instructions
C Sec. 1256 contracts & straddles
Form 6781, line 1
D Mining exploration costs recapture See Pub. 535
E Cancellation of debt
Schedule 1 (Form 1040), line 21 or
Form 982
F Section 951A income
G Section 965(a) inclusion
H Subpart F income other than
See the Partner’s Instructions
sections 951A and 965 inclusion
I Other income (loss)
12. Section 179 deduction
See the Partner’s Instructions
13. Other deductions
A Cash contributions (60%)
B Cash contributions (30%)
C Noncash contributions (50%)
D Noncash contributions (30%)
See the Partner’s
E Capital gain property to a 50%
Instructions
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 the Partner’s Instructions
K Excess business interest expense See the Partner’s Instructions
L Deductions—portfolio (other)
Schedule A, line 16
M Amounts paid for medical insurance Schedule A, line 1 or Schedule 1
(Form 1040), line 29
N Educational assistance benefits
See the Partner’s Instructions
O Dependent care benefits
Form 2441, line 12
See the Partner’s Instructions
P Preproductive period expenses
Q Commercial revitalization deduction
from rental real estate activities
See Form 8582 instructions
R Pensions and IRAs
See the Partner’s Instructions
S Reforestation expense deduction
See the Partner’s Instructions
T through V
Reserved for future use
W Other deductions
See the Partner’s Instructions
X Section 965(c) deduction
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)) from pre-2008
buildings
B Low-income housing credit
(other) from pre-2008 buildings
C Low-income housing credit
(section 42(j)(5)) from
post-2007 buildings
See the Partner’s Instructions
D Low-income housing credit
(other) from post-2007
buildings
E Qualified rehabilitation
expenditures (rental real estate)
F Other rental real estate credits
G Other rental credits
H Undistributed capital gains credit
Schedule 5 (Form 1040), line 74, box a
I Biofuel producer credit
See the Partner’s Instructions

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
See the Partner’s Instructions
activities
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
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 Section 951A category
E Foreign branch category
F Passive category
Form 1116, Part I
G General category
H Other
Deductions allocated and apportioned at partner level
I Interest expense
Form 1116, Part I
J Other
Form 1116, Part I
Deductions allocated and apportioned at partnership level to foreign source
income
K Section 951A category
L Foreign branch category
M Passive category
Form 1116, Part I
N General category
O Other
Other information
P Total foreign taxes paid
Form 1116, Part II
Form 1116, Part II
Q Total foreign taxes accrued
R Reduction in taxes available for credit Form 1116, line 12
Form 8873
S Foreign trading gross receipts
T Extraterritorial income exclusion
Form 8873
U Section 951A(c)(1)(A) tested income
V Tested foreign income tax
See the Partner’s Instructions
W Section 965 information
X Other foreign transactions
Alternative minimum tax (AMT) items
A Post-1986 depreciation adjustment
See the Partner’s
B Adjusted gain or loss
C Depletion (other than oil & gas)
Instructions and
D Oil, gas, & geothermal—gross income
the 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 2a
B Other tax-exempt income
See the Partner’s Instructions
C Nondeductible expenses
See the Partner’s Instructions
Distributions
A Cash and marketable securities
B Distribution subject to section 737
See the Partner’s Instructions
C Other property
Other information
A Investment income
Form 4952, line 4a
B Investment expenses
Form 4952, line 5
Form 4136
C Fuel tax credit information
D Qualified rehabilitation expenditures See the Partner’s Instructions
(other than rental real estate)
E Basis of energy property
See the Partner’s Instructions
F Recapture of low-income housing Form 8611, line 8
credit (section 42(j)(5))
G Recapture of low-income housing Form 8611, line 8
credit (other)
H Recapture of investment credit
See Form 4255
See the Partner’s Instructions
I Recapture of other credits
J Look-back interest—completed
See Form 8697
long-term contracts
Look-back
interest—income
forecast
K
See Form 8866

17.

18.

19.

20.

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L
M
N
O
Z
AA
AB
AC
AD
AE
AF
AG
AH

method

Dispositions of property with
section 179 deductions
Recapture of section 179 deduction
Interest expense for corporate
partners
through Y
Section 199A income
Section 199A W-2 wages
Section 199A unadjusted basis
Section 199A REIT dividends
Section 199A PTP income
Excess taxable income
Excess business interest income
Gross receipts for section 59A(e)
Other information

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See the Partner’s
Instructions

2