1065-B Schedule K- Instructions for Form 1065-B Schedule K-1

U.S. Business Income Tax Return

2017 Instructions for Form 1065-B Partner's Instructions of Schedule K-1

U. S. Business Income Tax Return

OMB: 1545-0123

Document [pdf]
Download: pdf | pdf
2017

Partner's Instructions for
Schedule K-1 (Form 1065-B)

Department of the Treasury
Internal Revenue Service

Partner's Share of Income (Loss) From an Electing Large Partnership
(For Partner's Use Only)
Section references are to the Internal Revenue
Code unless otherwise noted.

elections affecting partnership income are
made by the electing large partnership.

Future Developments

For limited partners, income and other
items from the partnership's trade or
business and rental activities are treated
as being from a trade or business that is a
single passive activity. These items are
reported in boxes 1, 4a, and 5, with most
credits being reported in boxes 7 and 8.

What’s New

General partners must make their own
determinations as to whether the activities
are passive for them. Therefore,
partnership items from trade or business,
rental real estate, and other rental
activities are separately reported for each
activity in box 9.

For the latest information about
developments related to Schedule K-1
(Form1065-B) and its instructions, such as
legislation enacted after they were
published, go to IRS.gov/Form1065B.

Schedule K-1 (1065-B) and its instructions. Public Law 114-74, Title XI, sec.
1101(b) repealed the electing large
partnership rules for partnership tax years
beginning after 2017. As a result,
Schedule K-1 (Form 1065-B) and its
instructions will be obsoleted after 2017.

General Instructions
Purpose of Schedule K-1

The partnership uses Schedule K-1 to
report your share of the partnership's
income, deductions, credits, etc. Keep it
for your records. Don’t file it with your tax
return. The partnership has filed a copy
with the IRS.
You are liable for tax on your share of
the partnership income, whether or not
distributed. Include your share on your tax
return if a return is required. Use these
instructions to help you report the items
shown on Schedule K-1 on your tax return.
The amount of loss and deduction that
you can claim on your tax return may be
less than the amount reported on
Schedule K-1. It is the partner's
responsibility to consider and apply any
applicable limitations. See Limitations on
Losses, Deductions, and Credits, later, for
more information.

Electing Large
Partnerships (ELPs)

This partnership has elected simplified
reporting requirements intended to make it
simpler for you to report your share of
partnership income, credits, deductions,
etc. In most cases, income, capital gains,
credits, and deductions are combined at
the partnership level so that the number of
partnership items separately reported to
partners is reduced. Most limitations and
Sep 22, 2017

Income, etc., from other activities
(investment and portfolio income and
deductions) are reported in boxes 2, 3, 4b,
and 6 for both limited and general
partners.

Errors

You must report partnership items shown
on your Schedule K-1 (and any attached
statements) the same way that the
partnership treated the items on its return.
If you believe the partnership has made an
error on your Schedule K-1, notify the
partnership. Don’t change any items on
your copy of Schedule K-1. Generally, an
adjustment to correct an error will take
effect for the tax year in which the
partnership actually makes the
adjustment. However, if the error involves
a change to your share of a partnership
item, the partnership should file an
amended partnership return and send you
a corrected Schedule K-1.
If the treatment on your original or
amended return is inconsistent with the
partnership's treatment, you may be
subject to the accuracy-related penalty.
This penalty is in addition to any tax that
results from making your amount or
treatment of the item consistent with that
shown on the partnership's return. Any
deficiency that results from making the
amounts consistent may be assessed
immediately.

Sale or Exchange of
Partnership Interest

Generally, a partner who sells or
exchanges a partnership interest in a
Cat. No. 26141W

section 751(a) exchange must notify the
partnership, in writing, within 30 days of
the exchange (or, if earlier, by January 15
of the calendar year following the calendar
year in which the exchange occurred). A
“section 751(a) exchange” is any sale or
exchange of a partnership interest in
which any money or other property
received by the partner in exchange for
that partner's interest is attributable to
unrealized receivables (as defined in
section 751(c)) or inventory items (as
defined in section 751(d)).
The written notice to the partnership
must include the names and addresses of
both parties to the exchange, the
identifying numbers of the transferor and
(if known) of the transferee, and the
exchange date.
An exception to this rule is made for
sales or exchanges of publicly traded
partnership interests for which a broker is
required to file Form 1099-B, Proceeds
From Broker and Barter Exchange
Transactions.
If a partner is required to notify the
partnership of a section 751(a) exchange
but fails to do so, the partner will be
subject to a penalty for each such failure.
However, no penalty will be imposed if the
partner can show that the failure was due
to reasonable cause and not willful
neglect.
Gain or loss from the disposition

TIP of your partnership interest may

be net investment income under
section 1411 and could be subject to the
net investment income tax. See Form
8960, Net Investment Income
Tax—Individuals, Estates, and Trusts, and
its instructions for information about how
to figure and report the tax due.

Nominee Reporting

Any person who holds, directly or
indirectly, an interest in a partnership as a
nominee for another person must furnish a
written statement to the partnership by the
last day of the month following the end of
the partnership's tax year. This statement
must include the name, address, and
identifying number of the nominee and
such other person, description of the
partnership interest held as nominee for

that person, and other information
required by Temporary Regulations
section 1.6031(c)-1T. A nominee who fails
to furnish this statement must furnish to
the person for whom the nominee holds
the partnership interest a copy of
Schedule K-1 and related information
within 30 days of receiving it from the
partnership.
A nominee who fails to furnish when
due all the information required by
Temporary Regulations section
1.6031(c)-1T, or who furnishes incorrect
information, is subject to a $260 penalty
for each failure. The maximum penalty is
$3,218,500 for all such failures during a
calendar year. If the nominee intentionally
disregards the requirement to report
correct information, each $260 penalty
increases to $530 or, if greater, 10% of the
aggregate amount of items required to be
reported, and there is no limit to the
amount of the penalty.

International Boycotts

Every partnership that had operations in,
or related to, a boycotting country,
company, or a national of a boycotting
country must file Form 5713, International
Boycott Report.
If the partnership cooperated with an
international boycott, it must provide you
with a copy of its Form 5713. As a general
or limited partner, you must file your own
Form 5713 to report the partnership's
activities and any other boycott operations
that you may have. You may lose certain
tax benefits if the partnership participated
in, or cooperated with, an international
boycott. See Form 5713 and its
instructions for more information.

Definitions
General Partner

A general partner is a partner who is
personally liable for partnership debts.

Limited Partner

A limited partner is a partner in a
partnership formed under a state limited
partnership law, whose personal liability
for partnership debts is limited to the
amount of money or other property that
the partner contributed or is required to
contribute to the partnership. Some
members of other entities, such as
domestic or foreign business trusts or
limited liability companies that are
classified as partnerships, may be treated
as limited partners for certain purposes.

Disqualified Person

If you are a partner in a partnership
holding oil and gas properties, you are a
disqualified person if:
You are an oil or natural gas retailer
described in section 613A(d)(2) or crude

oil refiner described in section 613A(d)(4),
or
Your average daily production of
domestic crude oil and natural gas
exceeds 500 barrels for your tax year in
which the partnership's tax year ends. See
section 776(b) for more details.
Note. Disqualified persons must report
items of income, gain, loss, deduction,
and credit attributable to partnership oil
and gas properties as if the special rules
for ELPs did not apply.

Nonrecourse Loans

in a later year subject to the basis limit for
that year.
The partnership isn’t responsible for
keeping the information needed to figure
the basis of your partnership interest. You
can figure the adjusted basis of your
partnership interest by adding items that
increase your basis and then subtracting
items that decrease your basis.
Use the Worksheet for Adjusting the
Basis of a Partner's Interest in the
Partnership, later, to figure the basis of
your interest in the partnership.

Nonrecourse loans are those liabilities of
the partnership for which no partner or
related person bears the economic risk of
loss.

Additional basis adjustments may
apply to partners claiming
CAUTION deductions for depletion. See
Pub. 535 for details.

Elections

At-Risk Limitations

Generally, the partnership decides how to
figure taxable income from its operations.
However, two elections are made by you
separately on your income tax return and
not by the partnership. These elections
are made under the following Code
sections.
Section 108(b)(5) (election related to
reduction of tax attributes due to exclusion
from gross income of discharge of
indebtedness).
Section 901 (foreign tax credit).

Additional Information

For more information on the treatment of
partnership income, deductions, credits,
etc., see the following.
Pub. 541, Partnerships.
Pub. 535, Business Expenses.
Pub. 925, Passive Activity and At-Risk
Rules.
To get forms and publications, see the
instructions for your tax return or visit the
IRS website at IRS.gov.

Limitations on Losses,
Deductions, and Credits

There are three separate potential
limitations on the amount of partnership
losses that you can deduct on your return.
These limitations and the order in which
you must apply them are as follows: the
basis limitations, the at-risk limitations,
and the passive activity limitations. Each
of these limitations is discussed
separately below.

Basis Limitations

Generally, you can’t claim your share of a
partnership loss (including a capital loss)
to the extent that it is greater than the
adjusted basis of your partnership interest
at the end of the partnership's tax year.
Any losses and deductions not allowed
this year because of the basis limit can be
carried forward indefinitely and deducted
-2-

!

Generally, if you have (a) a loss or other
deduction from any activity carried on as a
trade or business or for the production of
income by the partnership, and (b)
amounts in the activity for which you are
not at risk, you will have to complete Form
6198, At-Risk Limitations, to figure your
allowable loss for the activity.
The at-risk rules generally limit the
amount of loss and other deductions that
you can claim to the amount you could
actually lose in the activity. However, if
you acquired your partnership interest
before 1987, the at-risk rules don’t apply
to losses from an activity of holding real
property placed in service before 1987 by
the partnership. The activity of holding
mineral property doesn’t qualify for this
exception. The partnership should identify
on an attached statement to Schedule K-1
the amount of any losses that aren’t
subject to the at-risk limitations.
Generally, you aren’t at risk for
amounts such as the following.
Nonrecourse loans used to finance the
activity, to acquire property used in the
activity, or to acquire your interest in the
activity, that aren’t secured by your own
property (other than the property used in
the activity). See the instructions for
Partner's Share of Liabilities, later, for the
exception for qualified nonrecourse
financing secured by real property.
Cash, property, or borrowed amounts
used in the activity (or contributed to the
activity, or used to acquire your interest in
the activity) that are protected against loss
by a guarantee, stop-loss agreement, or
other similar arrangement (excluding
casualty insurance and insurance against
tort liability).
Amounts borrowed for use in the
activity from a person who has an interest
in the activity, other than as a creditor, or
who is related, under section 465(b)(3), to
a person (other than you) having such an
interest.
Instructions for Schedule K-1 (1065-B)

Worksheet for Adjusting the Basis of a
Partner's Interest in the Partnership

Keep for Your Records

1. Your adjusted basis at the end of the prior year. Do not enter less than zero.
Enter -0- if this is your first tax year . . . . . . . . . . . . . . . . . . . . . . . . . . .

1.

Increases:
2. Money and your adjusted basis in property contributed to the partnership
less the associated liabilities (but not less than zero) . . . . . . . . . . . . . . .

2.

3. Your increased share of or assumption of partnership liabilities. (Subtract
your share of liabilities shown on your 2016 Schedule K-1 from your share
of liabilities shown on your 2017 Schedule K-1 and add the amount of any
partnership liabilities you assumed during the tax year. Do not enter less
than zero.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3.

4. Your share of the partnership's income or gain (including tax-exempt
income) reduced by any amount included in interest income with respect to
the credit to holders of clean renewable energy bonds . . . . . . . . . . . . . .

4.

5. Any gain recognized this year on contributions of property. Do not include
gain from transfer of liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5.

Decreases:

6.

Caution. A distribution may be taxable if the amount exceeds your adjusted
basis of your partnership interest immediately before the distribution.
7. Your decreased share of partnership liabilities and any decrease in your
individual liabilities because they were assumed by the partnership.
(Subtract your share of liabilities shown on your 2017 Schedule K-1 from
your share of liabilities shown on your 2016 Schedule K-1 and add the
amount of your individual liabilities that the partnership assumed during the
tax year. Do not enter less than zero.) . . . . . . . . . . . . . . . . . . . . . . . . .

7.

8. Your share of the partnership's nondeductible expenses that are not capital
expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8.

9. Your share of the partnership's losses and deductions (including capital
losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9.

10. Your adjusted basis in the partnership at the end of this tax year. (Add lines
1 through 5 and subtract lines 6 through 9 from the total. If zero or less,
enter -0-.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10.

Caution. The deduction for your share of the partnership's losses and
deductions is limited to your adjusted basis in your partnership interest. If
you entered zero on line 10 and the amount figured for line 10 was less than
zero, a portion of your share of the partnership losses and deductions may
not be deductible (see Basis Limitations, earlier, for more information).

Passive Activity Limitations

Section 469 provides rules that limit the
deduction of certain losses and credits.
These rules apply to partners who:
Are individuals, estates, trusts, closely
held C corporations (other than S
corporations), or personal service
corporations; and
Have a passive activity loss or credit for
the tax year.

In addition, the partnership is required
to provide each general partner and
disqualified person the information
necessary to comply with the passive
activity rules of section 469. Items of
income, gain, loss, credit, etc., must be
separately reported to general partners for
each trade or business, rental real estate,
and other rental activity.
Except for the PTP discussion,
later, the following information on
CAUTION passive activity limitations applies
only to general partners.

!

6. Withdrawals and distributions of money and the adjusted basis of property
distributed to you from the partnership. Do not include the amount of
property distributions included in the partner's income (taxable
income) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

You should get a separate statement of
income, expenses, etc., for each activity
from the partnership.

However, the determination of whether
an activity is a passive activity must be
made by any partner who is either a:
General partner; or
Limited partner who is a disqualified
person (as defined earlier) with respect to
items of income, gain, loss, deduction,
and credit attributable to partnership oil
and gas properties.

Passive Activity Credit Limitations, to
figure your allowable passive credits.
If the publicly traded partnership
(PTP) box on Schedule K-1 is
CAUTION checked, do not report passive
income (loss) from the partnership on
Form 8582. See the special rules for
PTPs, later.

!

Corporations. Use Form 8810,
Corporate Passive Activity Loss and
Credit Limitations. See the instructions for
more information.

Individuals, estates, and trusts. If you
have a passive activity loss or credit, use
Form 8582, Passive Activity Loss
Limitations, to figure your allowable
passive losses and Form 8582-CR,

For limited partners of an ELP, all
income, loss, deductions, and credits from
trade or business and rental activities
generally are reported as being from a
trade or business that is a single passive
activity.

Instructions for Schedule K-1 (1065-B)

-3-

Generally, passive activities include:
1. Trade or business activities in
which you didn’t materially participate, and
2. Activities that meet the definition of
rental activities under Temporary
Regulations section 1.469-1T(e)(3) and
Regulations section 1.469-1(e)(3).
Passive activities don’t include the
following.
1. Trade or business activities in
which you materially participated.
2. Rental real estate activities in which
you materially participated if you were a
real estate professional for the tax year.
You were a real estate professional only if
you met both of the following conditions.
a. More than half of the personal
services you performed in trades or
businesses were performed in real
property trades or businesses in which
you materially participated.
b. You performed more than 750
hours of services in real property trades or
businesses in which you materially
participated.
If you are married filing jointly, either
you or your spouse must separately meet
both of the above conditions, without
taking into account services performed by
the other spouse.
For a closely held C corporation
(defined in section 465(a)(1)(B)),
CAUTION the above conditions are treated
as met if more than 50% of the
corporation's gross receipts were from real
property trades or businesses in which the
corporation materially participated.

!

For purposes of this rule, each interest
in rental real estate is a separate activity,
unless you elect to treat all interests in
rental real estate as one activity. For

details on making this election, see the
Instructions for Schedule E (Form 1040).
A real property trade or business is any
real property development,
redevelopment, construction,
reconstruction, acquisition, conversion,
rental, operation, management, leasing, or
brokerage trade or business. Services you
performed as an employee are not treated
as performed in a real property trade or
business unless you owned more than 5%
of the stock (or more than 5% of the
capital or profits interest) in the employer.
3. Working interests in oil or gas wells.
4. The rental of a dwelling unit any
partner used for personal purposes during
the year for more than the greater of 14
days or 10% of the number of days that
the residence was rented at fair rental
value.
5. Activities of trading personal
property for the account of owners of
interests in the activities.
Material participation. You must
determine if you (a) materially participated
in each trade or business activity held
through the partnership, and (b) were a
real estate professional (defined earlier),
in each rental real estate activity held
through the partnership. All determinations
of material participation are made based
on your participation during the
partnership's tax year.
Material participation standards for
partners who are individuals are listed
below. Special rules apply to certain
retired or disabled farmers and to the
surviving spouses of farmers. See the
Instructions for Form 8582 for details.
Corporations should refer to the
Instructions for Form 8810 for the material
participation standards that apply to them.
Individuals (other than limited
partners). If you are an individual (either
a general partner or a limited partner who
owned a general partnership interest at all
times during the tax year), you materially
participated in an activity only if one or
more of the following apply.
1. You participated in the activity for
more than 500 hours during the tax year.
2. Your participation in the activity for
the tax year constituted substantially all
the participation in the activity of all
individuals (including individuals who are
not owners of interests in the activity for
the tax year).
3. You participated in the activity for
more than 100 hours during the tax year,
and your participation in the activity for the
tax year was not less than the participation
in the activity of any other individual
(including individuals who were not
owners of interests in the activity) for the
tax year.

4. The activity was a significant
participation activity for the tax year, and
you participated in all significant
participation activities (including activities
outside the partnership) during the year for
more than 500 hours. A significant
participation activity is any trade or
business activity in which you participated
for more than 100 hours during the tax
year and in which you didn’t materially
participate under any of the material
participation tests (other than this test 4).
5. You materially participated in the
activity for any 5 tax years (whether or not
consecutive) during the 10 tax years that
immediately precede the tax year.
6. The activity was a personal service
activity, and you materially participated in
the activity for any 3 tax years (whether or
not consecutive) preceding the tax year. A
personal service activity involves the
performance of personal services in the
fields of health, law, engineering,
architecture, accounting, actuarial
science, performing arts, consulting, or
any other trade or business in which
capital isn’t a material income-producing
factor.
7. Based on all the facts and
circumstances, you participated in the
activity on a regular, continuous, and
substantial basis during the tax year.
Work counted toward material
participation. Generally, any work that
you or your spouse does in connection
with an activity held through a partnership
(where you own your partnership interest
at the time the work is done) is counted
toward material participation. However,
work in connection with the activity is not
counted toward material participation if
either of the following applies.
1. The work isn’t the sort of work that
owners of the activity would usually do
and one of the principal purposes of the
work that you or your spouse does is to
avoid the passive loss or credit limitations.
2. You do the work in your capacity as
an investor and you aren’t directly involved
in the day-to-day operations of the activity.
Examples of work done as an investor that
would not count toward material
participation include the following.
a. Studying and reviewing financial
statements or reports on operations of the
activity.
b. Preparing or compiling summaries
or analyses of the finances or operations
of the activity for your own use.
c. Monitoring the finances or
operations of the activity in a
nonmanagerial capacity.
Effect of determination. Income
(loss), deductions, and credits from an
activity are nonpassive if you determine
that:
-4-

You materially participated in a trade or
business activity of the partnership, or
You were a real estate professional in a
rental real estate activity of the
partnership.
If you determine that you didn’t
materially participate in a trade or
business activity of the partnership or if
you have income (loss), deductions, or
credits from a rental activity of the
partnership (other than a rental real estate
activity in which you materially participated
as a real estate professional), the amounts
from that activity are passive. Report
passive income (losses), deductions, and
credits as follows.
1. If you have an overall gain (the
excess of income over deductions and
losses, including any prior year unallowed
loss) from a passive activity, report the
income, deductions, and losses from the
activity as indicated in the instructions for
the boxes in which those items were
reported.
2. If you have an overall loss (the
excess of deductions and losses,
including any prior year unallowed loss,
over income) or credits from a passive
activity, report the income, deductions,
losses, and credits from all passive
activities using the Instructions for Form
8582 or Form 8582-CR (or Form 8810), to
see if your deductions, losses, and credits
are limited under the passive activity rules.
Special allowance for rental real estate
activities. If you actively participated in a
rental real estate activity, you may be able
to deduct up to $25,000 of the loss from
the activity from nonpassive income. This
“special allowance” is an exception to the
general rule disallowing losses in excess
of income from passive activities. The
special allowance isn’t available if you
were married, filed a separate return for
the year, and did not live apart from your
spouse at all times during the year.
Only individuals, qualifying estates, and
qualifying revocable trusts that made a
section 645 election can actively
participate in a rental real estate activity.
Estates (other than qualifying estates),
trusts (other than qualifying revocable
trusts that made a section 645 election),
and corporations can’t actively participate.
You aren’t considered to actively
participate in a rental real estate activity if
at any time during the tax year your
interest (including your spouse's interest)
in the activity was less than 10% (by
value) of all interests in the activity.
Active participation is a less stringent
requirement than material participation.
You may be treated as actively
participating if you participated, for
example, in making management
decisions or arranging for others to
provide services (such as repairs) in a
Instructions for Schedule K-1 (1065-B)

significant and bona fide sense.
Management decisions that can count as
active participation include approving new
tenants, deciding rental terms, approving
capital or repair expenditures, and other
similar decisions.
An estate is a qualifying estate if the
decedent would have satisfied the active
participation requirement for the activity
for the tax year the decedent died. A
qualifying estate is treated as actively
participating for tax years ending less than
2 years after the date of the decedent's
death.
Modified adjusted gross income
limitation. The maximum special
allowance that single individuals and
married individuals filing a joint return can
qualify for is $25,000. The maximum is
$12,500 for married individuals who file
separate returns and who lived apart all
times during the year. The maximum
special allowance for which an estate can
qualify is $25,000 reduced by the special
allowance for which the surviving spouse
qualifies.
If your modified adjusted gross income
(defined below) is $100,000 or less
($50,000 or less if married filing
separately), your loss is deductible up to
the amount of the maximum special
allowance referred to in the preceding
paragraph. If your modified adjusted gross
income is more than $100,000 (more than
$50,000 if married filing separately), the
special allowance is limited to 50% of the
difference between $150,000 ($75,000 if
married filing separately) and your
modified adjusted gross income. When
modified adjusted gross income is
$150,000 or more ($75,000 or more if
married filing separately), there is no
special allowance.
Modified adjusted gross income is your
adjusted gross income figured without
taking into account the following amounts,
if applicable.
Any passive activity loss.
Any rental real estate loss allowed
under section 469(c)(7) to real estate
professionals (as defined earlier).
Any overall loss from a publicly traded
partnership.
Any taxable social security or
equivalent railroad retirement benefits.
Any deductible contributions to an IRA
or certain other qualified retirement plans
under section 219.
The domestic production activities
deduction.
The student loan interest deduction.
The tuition and fees deduction.
The deduction for one-half of
self-employment taxes.
The exclusion from income of interest
from Series EE and I U.S. Savings Bonds
used to pay higher education expenses.

Instructions for Schedule K-1 (1065-B)

The exclusion of amounts received
under an employer's adoption assistance
program.
Commercial revitalization
deduction. The special $25,000
allowance for the commercial revitalization
deduction from rental real estate activities
isn’t subject to the active participation
rules or modified adjusted gross income
limits discussed above. See Code Q.
Commercial Revitalization Deduction,
later.
Special rules for certain other activities. If you have net income (loss),
deductions, or credits from any activity to
which special rules apply, the partnership
will identify the activity and all amounts
relating to it on Schedule K-1 or on an
attached statement.
If you have net income subject to
recharacterization under Temporary
Regulations section 1.469-2T(f) and
Regulations section 1.469-2(f), report
such amounts according to the
Instructions for Form 8582 (or Form 8810).
If you have net income (loss),
deductions, or credits from any of the
following activities, treat such amounts as
nonpassive and report them as instructed
in these instructions.
Working interests in oil and gas wells.
The rental of a dwelling unit any partner
used for personal purposes during the
year for more than the greater of 14 days
or 10% of the number of days that the
residence was rented at fair rental value.
Trading personal property for the
account of owners of interests in the
activity.
Self-charged interest. The partnership
must report any “self-charged” interest
income or expense that resulted from
loans between you and the partnership (or
between the partnership and another
partnership in which you have an interest).
If there was more than one activity, the
partnership will provide a statement
allocating the interest income or expense
with respect to each activity. The
self-charged interest rules don’t apply to
your partnership interest if the partnership
made an election under Regulations
section 1.469-7(g) to avoid the application
of these rules. See the Instructions for
Form 8582 for more information.
Publicly traded partnerships. The
passive activity limitations are applied
separately for items (other than the
low-income housing credit and the
rehabilitation credit) from each PTP. Thus,
a net passive loss from a PTP may not be
deducted from other passive income.
Instead, a passive loss from a PTP is
suspended and carried forward to be
applied against passive income from the
same PTP in later years. If the partner's
entire interest in the PTP is completely
-5-

disposed of, any unused losses are
allowed in full in the year of disposition.
If you have an overall gain from a PTP,
the net gain is nonpassive income. In
addition, the nonpassive income is
included in investment income to figure
your investment interest expense
deduction.
Don’t report passive income, gains, or
losses from a PTP on Form 8582. Instead,
use the following rules to figure and report
on the proper form or schedule your
income, gains, and losses from passive
activities that you held through each PTP
you owned during the tax year.
1. Combine any current year income,
gains (losses), and any prior year
unallowed losses to see if you have an
overall gain (loss) from the PTP. Include
only the same types of income and losses
you would include in your net income or
loss from a non-PTP passive activity. See
Pub. 925 for more details.
2. If you have an overall gain, the net
gain portion (total gain minus total losses)
is nonpassive income. On the form or
schedule you normally use, report the net
gain portion as nonpassive income and
the remaining income and the total losses
as passive income and loss. To the left of
the entry space, enter “From PTP.” It is
important to identify the nonpassive
income because the nonpassive portion is
included in modified adjusted gross
income for purposes of figuring on Form
8582 the “special allowance” for active
participation in a non-PTP rental real
estate activity. In addition, the nonpassive
income is included in investment income
when figuring your investment interest
expense deduction on Form 4952,
Investment Interest Expense Deduction.
Example. If you have Schedule E
income of $8,000, and a Form 4797 prior
year unallowed loss of $3,500 from the
passive activities of a particular PTP, you
have a $4,500 overall gain ($8,000 −
$3,500). On Schedule E (Form 1040),
line 28, report the $4,500 net gain as
nonpassive income in column (j). In
column (g), report the remaining
Schedule E gain of $3,500 ($8,000 −
$4,500). On the appropriate line of Form
4797, report the prior year unallowed loss
of $3,500. Be sure to enter “From PTP” to
the left of each entry space.
3. If you have an overall loss (but
didn’t dispose of your entire interest in the
PTP to an unrelated person in a fully
taxable transaction during the year), the
losses are allowed to the extent of the
income, and the excess loss is carried
forward to use in a future year when you
have income to offset it. Report as a
passive loss on the schedule or form you
normally use the portion of the loss equal
to the income. Report the income as

passive income on the form or schedule
you normally use.
Example. You have a Schedule E loss
of $12,000 (current year losses plus prior
year unallowed losses) and a Schedule D
gain of $7,200. Report the $7,200 gain on
the appropriate line of Schedule D. On
Schedule E (Form 1040), line 28, report
$7,200 of the losses as a passive loss in
column (f). Carry forward to 2018 the
unallowed loss of $4,800 ($12,000 −
$7,200).
If you have unallowed losses from
more than one activity of the PTP or from
the same activity of the PTP that must be
reported on different forms, you must
allocate the unallowed losses on a pro
rata basis to figure the amount allowed
from each activity or on each form.
To allocate and keep a record of

TIP the unallowed losses, use

Worksheets 5, 6, and 7 of Form
8582. List each activity of the PTP in
Worksheet 5. Enter the overall loss from
each activity in column (a). Complete
column (b) of Worksheet 5 according to its
instructions. Multiply the total unallowed
loss from the PTP by each ratio in column
(b) and enter the result in column (c) of
Worksheet 5. Then, complete Worksheet
6 if all the loss from the same activity is to
be reported on one form or schedule. Use
Worksheet 7 instead of Worksheet 6 if you
have more than one loss to be reported on
different forms or schedules for the same
activity. Enter the net loss plus any prior
year unallowed losses in column (a) of
Worksheet 6 (or Worksheet 7, if
applicable). The losses in column (c) of
Worksheet 6 (column (e) of Worksheet 7)
are the allowed losses to report on the
forms or schedules. Report both these
losses and any income from the PTP on
the forms and schedules you normally
use.
4. If you have an overall loss and you
disposed of your entire interest in the PTP
to an unrelated person in a fully taxable
transaction during the year, your losses
(including prior year unallowed losses)
allocable to the activity for the year are not
limited by the passive loss rules. A fully
taxable transaction is one in which you
recognize all your realized gain (loss).
Report the income and losses on the
forms and schedules you normally use.
For rules on the disposition of an

TIP entire interest reported using the

installment method, see the
Instructions for Form 8582.

Specific Instructions
Partner's identifying number. For your
protection, this Schedule K-1 may show
only the last four digits of your social

security number (SSN), individual
taxpayer identification number (ITIN), or
employer identification number (EIN).
However, the partnership has reported
your complete identification number to the
IRS.

Publicly Traded
Partnership (PTP)

If the “publicly traded partnership” box is
checked, you are a partner in a publicly
traded partnership (PTP) and must follow
the rules under Publicly traded
partnerships discussed above.

Partner's Share of
Liabilities

The partnership will show your share of
the partnership's nonrecourse liabilities,
partnership-level qualified nonrecourse
financing, and other liabilities as of the end
of the partnership's tax year. If you
terminated your interest in the partnership
during the tax year, the amounts should
reflect the share that existed immediately
before the total disposition. A partner's
“other liability” is any partnership liability
for which a partner is personally liable.
Use the total of the three amounts for
figuring the adjusted basis of your
partnership interest.
Generally, you can use only the
amounts shown next to “Qualified
nonrecourse financing” and “Other” to
figure your amount at risk. Don’t include
any amounts that aren’t at risk if such
amounts are included in either of these
categories.
If your partnership is engaged in two or
more different types of activities subject to
the at-risk provisions, or a combination of
at-risk activities and any other activity, the
partnership should give you a statement
showing your share of nonrecourse
liabilities, partnership-level qualified
nonrecourse financing, and other liabilities
for each activity.

Qualified nonrecourse financing.
Qualified nonrecourse financing generally
includes financing for which no one is
personally liable for repayment that is
borrowed for use in an activity of holding
real property and that is loaned or
guaranteed by a federal, state, or local
government or borrowed from a “qualified”
person. Qualified nonrecourse financing
secured by real property used in an
activity of holding real property that is
subject to the at-risk rules is treated as an
amount at risk.
Qualified persons. Qualified persons
include any persons actively and regularly
engaged in the business of lending
money, such as a bank or savings and
loan association. Qualified persons
generally don’t include related parties
-6-

(unless the nonrecourse financing is
commercially reasonable and on
substantially the same terms as loans
involving unrelated persons), the seller of
the property, or a person who receives a
fee for the partnership's investment in the
real property.
See Pub. 925 for more information on
qualified nonrecourse financing.
Both the partnership and you must
meet the qualified nonrecourse rules on
this debt before you can include the
amount shown next to “Qualified
nonrecourse financing” in your at-risk
computation.
See Limitations on Losses,
Deductions, and Credits, earlier, for more
information on the at-risk limitations.

Boxes 1 Through 9

The amounts shown in boxes 1 through 9
reflect your share of income, loss,
deductions, credits, etc., from the
partnership. These amounts don’t take
into consideration the following limitations.
The adjusted basis of your partnership
interest.
The amount for which you are at risk.
The passive activity limitations.
For information on these provisions,
see Limitations on Losses, Deductions,
and Credits, earlier.
For individuals, the following
instructions explain how to report the
amounts shown in the boxes. For all other
entities, report the amounts in the boxes
as instructed on your income tax return.
The line numbers in these instructions
are references to forms in use for calendar
year 2017. If you file your tax return on a
calendar year basis, but your partnership
files a return for a fiscal year, enter the
amounts shown in the boxes on your tax
return for the year in which the
partnership's fiscal year ends. For
example, if the partnership's tax year ends
on June 30, 2018, report the amounts in
the boxes on your 2018 income tax return.
If you have losses, deductions, or
credits from a prior year that were not
deductible or usable because of certain
limitations, such as the basis limitations or
the at-risk limitations, take them into
account in determining your net income,
loss, or credits for this year. However,
except for passive activity losses and
credits, don’t combine the prior year
amounts with any amounts shown on this
Schedule K-1 to get a net figure to report
on any supporting schedules, statements,
or forms attached to your return. Instead,
report the amounts separately on the
attached schedule, statement, or form on
a year-by-year basis.
For amounts other than those shown
on Schedule K-1, enter each item on a
Instructions for Schedule K-1 (1065-B)

separate line of Part II of Schedule E
(Form 1040).

corporations deduction” under section
243(a), (b), or (c).

Box 1. Taxable Income (Loss)
From Passive Activities

Box 4a. Net Capital Gain or
(Loss) From Passive Activities

Limited partners only. Any amount
reported in box 1 is treated as being from
a trade or business that is a single passive
activity. Report this amount as follows.
If income is reported in box 1, report the
income on Schedule E (Form 1040),
line 28, column (g). However, if the PTP
box is checked, report the income
following the rules for Publicly traded
partnerships, earlier.
If a loss is reported in box 1, follow the
Instructions for Form 8582 to figure how
much of the loss can be reported on
Schedule E (Form 1040), line 28, column
(f). However, if the PTP box is checked,
report the loss following the rules for
Publicly traded partnerships, earlier.

Limited partners only. The net capital
gain (loss) reported in box 4a is treated as
being from a trade or business that is a
single passive activity. If a net capital gain
is reported in box 4a, report the gain on
Schedule D (Form 1040), line 12.
If a loss is reported in box 4a, report it
following the Form 8582 instructions to
figure how much of the loss can be
reported on Schedule D (Form 1040),
line 12. However, if the PTP box is
checked, report the loss following the
rules for Publicly traded partnerships,
earlier.

Box 2. Taxable Income (Loss)
From Other Activities

CAUTION

This amount isn’t subject to the passive
activity limitations. Report the amount as
follows.
If the amount is income, report it on
Schedule E (Form 1040), line 28, column
(j).
If the amount is a loss, report it on
Schedule A (Form 1040), line 28.

!

Box 4b. Net Capital Gain or
(Loss) From Other Activities

Net capital gain or (loss) from other
activities isn’t subject to the passive
activity limitations. Report the gain or
(loss) on Schedule D (Form 1040), line 12.

!

CAUTION

Note. If the amount of interest included in
box 2 includes interest from the credit to
holders of clean renewable energy bonds,
the partnership will attach a statement to
Schedule K-1 showing your share of
interest income from these credits.
Because the basis in your partnership
interest is increased by your share of the
interest income from these credits, you
must reduce your basis by the same
amount to offset the increase. See line 4
of the Worksheet for Adjusting the Basis of
a Partner's Interest in the Partnership,
earlier.

Box 3. Qualified Dividends

Report this amount on lines 9a and 9b of
Form 1040.
Note. Qualified dividends are excluded
from investment income, but you can elect
to include part or all of these amounts in
investment income. See the instructions
for line 4g of Form 4952, Investment
Interest Expense Deduction, for important
information on making this election.

!

If you have any foreign source
qualified dividends, see the
instructions for box 9, Code K.

If you have any foreign source
capital gains or losses, see the
instructions for box 9, Code K.

If you have any foreign source
capital gains or losses, see the
instructions for box 9, Code K.

Box 5. Net Passive AMT
Adjustment
Limited partners only. Use this amount
(as well as your adjustments and tax
preference items from other sources) to
prepare your Form 6251, Alternative
Minimum Tax—Individuals; Form 4626,
Alternative Minimum Tax—Corporations;
or Schedule I (Form 1041), Alternative
Minimum Tax—Estates and Trusts. The
adjustment is treated as being from a
trade or business that is a single passive
activity.
Individuals should enter the amount on
Form 6251, line 19, where it is taken into
account with adjustments and preferences
from other passive activities.

Box 6. Net Other AMT
Adjustment

Individual general and limited partners
should enter this amount on Form 6251,
line 16.

Box 7. General Credits

Note. In the case of a corporate partner,
the partnership will attach a statement to
the Schedule K-1 explaining what part of
the dividends included in box 3 is eligible
for the “dividends received by

Limited partners only. Enter this amount
from box 7 on Form 3800, General
Business Credit, Part III, line 1bb.
Because general credits are treated as
being from a trade or business that is a
single passive activity, you must also
report the box 7 amount on Form 3800,
Part III, as a credit from a passive activity.

Instructions for Schedule K-1 (1065-B)

-7-

CAUTION

Box 8. Low-Income Housing
Credit

Limited partners only. Enter the amount
reported in box 8 of Schedule K-1 on Form
8586, Low-Income Housing Credit, line 4.
If an amount is reported in box 8, all of the
low-income housing credit is for buildings
placed in service before 2008. If any of the
low-income housing credit is for buildings
placed in service after 2007, the
partnership will enter “STMT” in box 8 and
attach a statement which lists separately
the amount of the credit for buildings
placed in service prior to 2008 (reported
on Form 8586, line 4, or Form 3800, Part
lll, line 1d), and the amount for buildings
placed in service after 2007 (reported on
Form 8586, line 11, or Form 3800, Part lll,
line 4d). See the Instructions for Form
8586 for more information.

Box 9. Other
Codes A Through C
General partners in an ELP must
separately account for any items
attributable to passive loss limitation
activities to the extent necessary to
comply with the section 469 passive loss
rules. Therefore, the partnership is
required to report income or (loss), capital
gain or (loss), 28% rate gain or (loss),
credits, and the alternative minimum tax
adjustment separately for all trade or
business activities, rental real estate
activities, and rental activities other than
rental real estate.
Code A1. General partner's taxable income (loss) from trade or business activities. Report Code A1 income (loss)
from partnership trade or business
activities in which you materially
participated on Schedule E (Form 1040),
line 28, column (h) or (j). See the
instructions to determine whether you
materially participated in a trade or
business activity.
Report Code A1 income or (loss) from
partnership trade or business activities in
which you didn’t materially participate as
follows.
1. Report any income on Schedule E
(Form 1040), line 28, column (g).
However, if the PTP box on Schedule K-1
is checked, report the income following
the rules for Publicly traded partnerships,
earlier.
2. Report a loss following the
Instructions for Form 8582 to figure how
much of the loss can be reported on
Schedule E (Form 1040), line 28, column
(f). However, if the PTP box is checked,
report the loss following the rules for
Publicly traded partnerships, earlier.
Code A2. General partner's net capital
gain or (loss) from trade or business
activities. If you didn’t materially

participate in the trade or business activity,
the net capital gain or (loss) is a passive
activity amount. If the amount is either (a)
a loss that isn’t from a passive activity or
(b) a gain, report it on Schedule D (Form
1040), line 12.
If the amount is a loss from a passive
activity, report it following the Instructions
for Form 8582 to figure how much of the
loss can be reported on Schedule D (Form
1040), line 12. However, if the PTP box is
checked, report the loss following the
rules for Publicly traded partnerships,
earlier.
Code A3. General partner's 28% rate
gain (loss) from trade or business activities. If you didn’t materially participate
in the trade or business activity, the 28%
rate gain or (loss) is a passive activity
amount. If the amount is either (a) a loss
that isn’t from a passive activity or (b) a
gain, include it on line 4 of the 28% Rate
Gain Worksheet in the Instructions for
Schedule D (Form 1040).
If the amount is a loss from a passive
activity, report it following the Instructions
for Form 8582 to figure how much of the
loss can be included on line 4 of the 28%
Rate Gain Worksheet in the Instructions
for Schedule D (Form 1040). However, if
the PTP box is checked, report the loss
following the rules for Publicly traded
partnerships, earlier.
Code A4. General partner's general
credits from trade or business activities. Report the general credits on Form
3800, Part lll, line 1bb. If you didn’t
materially participate in the trade or
business activity, you must also report the
general credits on Form 3800, Part III, as a
credit from a passive activity.
Code A5. General partner's alternative
minimum tax adjustment from trade or
business activities. Generally, an AMT
adjustment must be reported on Form
6251, line 16. However, if the AMT
adjustment is from a passive activity, it
must be taken into account on line 19 with
adjustments and preferences from other
passive activities.
Code B1. General partner's taxable income (loss) from rental real estate activities. Generally, the income or (loss)
reported in box 9, Code B1, is a passive
activity amount for all general partners.
However, the income or (loss) in box 9
isn’t from a passive activity if you were a
real estate professional and you materially
participated in the activity.
Use the following instructions to
determine where to enter the Code B1
amount.
1. If you have a loss from a passive
activity in box 9, Code B1, and you meet
all of the following conditions, enter the

loss on Schedule E (Form 1040), line 28,
column (f).
a. You actively participated in the
partnership rental real estate activities.
See Special allowance for rental real
estate activities, earlier.
b. Rental real estate activities with
active participation were your only passive
activities.
c. You have no prior year unallowed
losses from these activities.
d. Your total loss from the rental real
estate activities wasn’t more than $25,000
(not more than $12,500 if married filing
separately and you lived apart from your
spouse all year).
e. If you are a married person filing
separately, you lived apart from your
spouse all year.
f. You have no current or prior year
unallowed credits from a passive activity.
g. Your modified adjusted gross
income wasn’t more than $100,000 (not
more than $50,000 if married filing
separately and you lived apart from your
spouse all year).
2. If you have a (loss) from a passive
activity in box 9 and you don’t meet all the
conditions in (1) above, report the loss
following the Instructions for Form 8582 to
figure how much of the loss you can report
on Schedule E (Form 1040), line 28,
column (f). However, if the PTP box is
checked, report the loss following the
rules for Publicly traded partnerships,
earlier.
3. If you were a real estate
professional and you materially
participated in the activity, report box 9
income or (loss) on Schedule E (Form
1040), line 28, column (h) or (j).
4. If you have income from a passive
activity in box 9, Code B1, enter the
income on Schedule E (Form 1040),
line 28, column (g). However, if the PTP
box is checked, report the income
following the rules for Publicly traded
partnerships, earlier.
Code B2. General partner's net capital
gain or (loss) from rental real estate
activities (for the entire year). The net
capital gain or (loss) from a rental real
estate activity is a passive activity amount
unless you were a real estate professional
and you materially participated in the
activity. If the amount is either (a) a loss
that isn’t from a passive activity or (b) a
gain, report it on Schedule D (Form 1040),
line 12.
If the amount is a loss from a passive
activity, report it following the Instructions
for Form 8582 to figure how much of the
loss can be reported on Schedule D,
line 12. However, if the PTP box is
checked, report the loss following the
-8-

rules for Publicly traded partnerships,
earlier.
Code B3. General partner's 28% rate
gain or (loss) from rental real estate
activities. The 28% rate gain or (loss)
from a rental real estate activity is a
passive activity amount unless you were a
real estate professional and you materially
participated in the activity. If the amount is
either (a) a loss that isn’t from a passive
activity or (b) a gain, include it on line 4 of
the 28% Rate Gain Worksheet in the
Instructions for Schedule D (Form 1040).
If the amount is a loss from a passive
activity, report it following the Instructions
for Form 8582 to figure how much of the
loss can be included on line 4 of the 28%
Rate Gain Worksheet in the Instructions
for Schedule D (Form 1040). However, if
the PTP box is checked, report the loss
following the rules for Publicly traded
partnerships, earlier.
Code B4. General partner's general
credits from rental real estate activities. Report the general credits on Form
3800, Part lll, line 1bb. Unless you were a
real estate professional and materially
participated in the rental real estate
activity, you must also report the general
credits on Form 3800, Part III, as a credit
from a passive activity.
Code B5. General partner's low-income housing credit from rental real
estate activities. Report the low-income
housing credit on Form 8586, line 4, or
Form 3800, Part lll, line 1d, for buildings
placed in service before 2008, and on
Form 8586, line 11, or Form 3800, Part lll,
line 4d, for buildings placed in service after
2007. Unless you were a real estate
professional and materially participated in
the rental real estate activity, the
low-income housing credit is a passive
activity credit.
Code B6. General partner's rehabilitation credit from rental real estate activities. Report the rehabilitation credit on
Form 3468, Investment Credit, line 11i.
Unless you were a real estate professional
and materially participated in the rental
real estate activity, the credit is a passive
activity credit, and you must also file Form
3800.
Code B7. General partner's alternative
minimum tax adjustment from rental
real estate activities. An AMT
adjustment must be reported on Form
6251, line 16. However, if the AMT
adjustment is from a passive activity, it
must be taken into account on line 19 with
other passive activities instead of being
reported on line 16.
Code C1. General partner's taxable income or (loss) from other rental activities. Income (loss) reported in box 9,
Code C1, is a passive activity amount for
Instructions for Schedule K-1 (1065-B)

all general partners. Report a loss
following the Instructions for Form 8582.
Report income on Schedule E (Form
1040), line 28, column (g). However, if the
PTP box is checked, report the income
(loss) following the rules for Publicly
traded partnerships, earlier.
Code C2. General partner's net capital
gain or (loss) from other rental activities. The net capital gain (loss) from other
rental activities is a passive activity
amount for all general partners. Report the
gain on Schedule D (Form 1040), line 12.
Report a loss following the Instructions for
Form 8582 to figure how much of the loss
can be reported on Schedule D (Form
1040), line 12. However, if the PTP box is
checked, report the loss following the
rules for Publicly traded partnerships,
earlier.
Code C3. General partner's 28% rate
gain or (loss) from other rental activities. The 28% rate gain or (loss) from
other rental activities is a passive activity
amount for all general partners. If the
amount is a gain, include it on line 4 of the
28% Rate Gain Worksheet in the
Instructions for Schedule D (Form 1040).
Report a loss following the Instructions for
Form 8582 to figure how much of the loss
can be included on line 4 of the 28% Rate
Gain Worksheet in the Instructions for
Schedule D (Form 1040). However, if the
PTP box is checked, report the loss
following the rules for Publicly traded
partnerships, earlier.
Code C4. General partner's general
credits from other rental activities.
Report the general credits on Form 3800,
Part III, line 1bb. Because general credits
from other rental activities are passive
activity credits for all general partners, you
must also report the general credits on
Form 3800, Part III, as a credit from a
passive activity.
Code C5. General partner's alternative
minimum tax adjustment from other
rental activities. An AMT adjustment
must be reported on Form 6251, line 16.
However, if the AMT adjustment is from a
passive activity, it must be taken into
account on line 19 with adjustments and
preferences from other passive activities
instead of being reported on line 16.

Code D. Limited Partner's 28%
Rate Gain or (Loss) From Passive
Activities
Limited partners only. The 28% rate
gain or (loss) is treated as being from a
trade or business that is a single passive
activity. If a gain is reported, include it on
line 4 of the 28% Rate Gain Worksheet in
the Instructions for Schedule D (Form
1040).

Instructions for Schedule K-1 (1065-B)

If a loss is reported, report the loss
following the Instructions for Form 8582 to
figure how much of the loss can be
included on line 4 of the 28% Rate Gain
Worksheet in the Instructions for
Schedule D (Form 1040). However, if the
PTP box is checked, report the loss
following the rules for Publicly traded
partnerships, earlier.

Code I. Limited Partner's
Rehabilitation Credit From Rental
Real Estate Activities

Code E. Limited Partner's 28%
Rate Gain or (Loss) From Other
Activities

Codes J1 and J2. Self-Employment

The 28% gain or (loss) from other
activities isn’t subject to the passive
activity limitations. Include it on line 4 of
the 28% Rate Gain Worksheet in the
Instructions for Schedule D (Form 1040).

Code F. Guaranteed Payments
Generally, these amounts aren’t passive
income. Report them on Schedule E
(Form 1040), line 28, column (j) (for
example, guaranteed payments for
personal services).

Code G. Income From Discharge
of Indebtedness
The amount reported under Code G is
excluded from your gross income to the
extent provided in section 108 if the
discharge:
Occurred in a title 11 case relating to
bankruptcy;
Occurred when you were insolvent;
Involved qualified farm indebtedness,
as defined in section 108(g); or
Involved qualified real property
business indebtedness, as defined in
section 108(c)(3), unless the partner is a C
corporation.
This amount is applied, instead, to
reduce certain tax attributes. File Form
982, Reduction of Tax Attributes Due to
Discharge of Indebtedness (and Section
1082 Basis Adjustment), to explain why
any amount received from the discharge
of indebtedness should be excluded and
to report your reduction of tax attributes.
For a discharge of indebtedness not
described above, you must include this
amount in income on Form 1040, line 21.

Code H. Tax-Exempt Interest
Income
Report on your income tax return, as an
item of information, your share of the
tax-exempt interest received or accrued
by the partnership during the year.
Individual partners must include this
amount on Form 1040, line 8b. Increase
the adjusted basis of your interest in the
partnership by this amount.
-9-

Limited partners only. Report this
amount on Form 3468, line 11i. Because
the credit is treated as being from a single
passive activity, you must also file Form
3800.

Code J1. Net earnings or (loss) from
self-employment. Enter this amount on
Schedule SE (Form 1040), line 2,
Section A or B, whichever is applicable.
General partners should reduce this
amount by unreimbursed partnership
expenses claimed. General partners who
are disqualified persons also should
reduce this amount by depletion claimed
on oil and gas properties. If this amount is
a loss, enter only the deductible amount
on Schedule SE. For purposes of
self-employment tax, no income from an
ELP is treated as farming or fishing
income.
Code J2. Gross nonfarm income.
Individual partners use this amount to
figure net earnings from self-employment
under the nonfarm optional method on
Schedule SE (Form 1040), Section B, Part
II.

Codes K1 Through K9. Foreign Tax
Credit Information
Use the information reported under Codes
K1 through K9 to figure your foreign tax
credit.
Taxpayers filing Form 1116,
Foreign Tax Credit—If you have
CAUTION any qualified dividends, capital
gains (including any capital gain
distributions), or capital losses, you may
have to make certain adjustments to those
amounts before taking them into account
on Form 1116. For more information, see
Form 1116, Foreign Tax Credit (Individual,
Estate, or Trust), and its instructions; Form
1118, Foreign Tax Credit—Corporations,
and its instructions; and Pub. 514, Foreign
Tax Credit for Individuals. See the
Instructions for Form 1116 for detailed
instructions for reporting foreign tax
information from partnerships.

!

Code K1. Name of foreign country or
U.S. possession. Include on Form 1116,
Part I, item g. For each country reported,
the partnership must give you the amount
and a description of your share of the
following items for Codes K2 through K9.
For each country or possession being
reported, a separate column in Part I and a
separate line in Part II is needed on Form
1116.

Code K2. Gross income from all sources. Enter this amount on Form 1116,
line 3e.

Code K8(a). Total foreign taxes paid.
Include this amount in Part II of Form
1116.

Code K3. Gross income sourced at
partner level. Although all this income
reported has been apportioned to foreign
source categories of income, you must
nevertheless determine whether the
income being reported is U.S. source
income or foreign source income. See the
Instructions for Form 1116 for the rules to
source the income reported to you. Enter
only foreign source income on lines 1a
and 3d of Form 1116. A separate Form
1116 or 1118 is required for each foreign
source category of income. Do not include
income that you determined to be U.S.
source income.

Code K8(b). Total foreign taxes accrued. Include this amount in Part II of
Form 1116.

Codes K4(a) through K4(c). Foreign
gross income sourced at partnership
level. The following types of income have
already been sourced for you by the
partnership. Include these amounts on
lines 1a and 3d of the applicable Form
1116 (that is, the Form 1116 for each
category of income provided to you).
Code K4(a). Passive category
foreign source income.
Code K4(b). General category
foreign source income.
Code K4(c). Other foreign source
income.
Code K5. Interest expense allocated
and apportioned at the partner level.
Include this amount on line 4b of the
applicable Forms 1116.
Code K6. Other expenses allocated
and apportioned at the partner level.
Include this amount on line 2 of the
applicable Forms 1116.
For Codes K5 and K6, do not
include any expenses allocated
CAUTION and apportioned to U.S. source
income on any line of Part I of Form 1116.

!

Codes K7(a) through K7(c). Deductions allocated and apportioned at
partnership level to foreign source income. The following codes report the
expenses allocated and apportioned by
the partnership to foreign source
categories of income. Include these
amounts on line 2 of the applicable Forms
1116 (that is, the Forms 1116 for each
category of income provided to you).
Code K7(a). Deductions allocated
and apportioned at partnership level
to passive category foreign source
income.
Code K7(b). Deductions allocated
and apportioned at partnership level
to general category foreign source
income.
Code K7(c). Deductions allocated
and apportioned at partnership level
to other foreign source income.

The partnership will attach a
statement that separately
CAUTION identifies any arrangement, along
with the taxes paid or accrued in
connection with the arrangement, in which
the partnership participates that would
qualify as a splitter arrangement under
section 909 if one or more partners are
covered persons with respect to an entity
that took into account related income from
the arrangement. The statement will also
indicate whether the partnership has taken
into account any related income from any
such splitter arrangement. See section
909 and the related regulations for rules
regarding splitter arrangements.

!

Code K9. Reduction in taxes available
for credit. Enter this amount on Form
1116, line 12.

Code L. Oil and Gas Activities
Generally, oil and gas income, deductions,
credits, and other items are included in
your share of income or loss from passive
loss limitation activities, general credits,
and the alternative minimum tax
adjustment.
However, shares of all oil and gas
income, deductions, credits, and other
items are separately reported to partners
who are disqualified persons in
accordance with the regular partnership
rules, here or on an attached statement.
Note. A partner must notify the ELP of its
status as a “disqualified person.”

Codes M1 Through M9.
Miscellaneous
Code M1. Other tax-exempt income.
Increase the adjusted basis of your
interest in the partnership by this amount,
but don’t include it in income on your
income tax return.
The partnership will attach a
statement to Schedule K-1 for the
CAUTION amount included in box 9, Code
M1, that is exempt due to section 892 and
describe the nature of the income.

!

Code M2. Nondeductible expenses.
Decrease the adjusted basis of your
interest in the partnership by this amount.
The nondeductible expenses paid or
incurred by the partnership are not
deductible on your income tax return, but
they do affect your basis.

-10-

Code M3. Unrelated business taxable
income. The partnership must give you
any information you need to figure
unrelated business taxable income under
section 512(a)(1) (but excluding any
modifications required by paragraphs (8)
through (15) of section 512(b)) for a
partner that is a tax-exempt organization.
Reminder. A partner is required to notify
the partnership of its tax-exempt status.
Code M4. Health insurance. Include
any amounts paid during the tax year for
insurance that constitutes medical care for
you, your spouse, your dependents, and
your children under age 27 who aren’t
dependents on line 29 of your 2017 Form
1040. You may be allowed to deduct such
amounts, even if you do not itemize
deductions. If you do itemize deductions,
enter on line 1 of Schedule A (Form 1040)
any amounts not deducted on line 29 of
Form 1040.
Code M5. Distributions of money (cash
and marketable securities). This
amount includes the distributions the
partnership made to you of cash and
certain marketable securities. The
marketable securities are included at their
fair market value (FMV) on the date of
distribution (minus your share of the
partnership's gain on the securities
distributed to you). If this amount exceeds
the adjusted basis of your partnership
interest immediately before the
distribution, the excess is treated as gain
from the sale or exchange of your
partnership interest. Generally, this gain is
treated as gain from the sale of a capital
asset and should be reported on Form
8949 and the Schedule D for your return.
However, the gain may be ordinary
income. For details, see Pub. 541.
The partnership must separately
identify both of the following.
The FMV of the marketable securities
when distributed (minus your share of the
gain on the securities distributed to you).
The partnership's adjusted basis of
those securities immediately before the
distribution.
Decrease the adjusted basis of your
interest in the partnership (but not below
zero) by the amount of cash distributed to
you and the partnership's adjusted basis
of the distributed securities. Advances or
drawings of money or property against
your share are treated as current
distributions made on the last day of the
partnership's tax year.
Your basis in the distributed
marketable securities (other than in
liquidation of your interest) is the smaller
of:
The partnership's adjusted basis in the
securities immediately before the
distribution increased by any gain
Instructions for Schedule K-1 (1065-B)

recognized on the distribution of the
securities, or
The adjusted basis of your partnership
interest reduced by any cash distributed in
the same transaction and increased by
any gain recognized on the distribution of
the securities.
If you received the securities in
liquidation of your partnership interest,
your basis in the marketable securities is
equal to the adjusted basis of your
partnership interest reduced by any cash
distributed in the same transaction and
increased by any gain recognized on the
distribution of the securities.
If, within 7 years of a distribution to you
of marketable securities, you contributed
appreciated property (other than those
securities) to the partnership and the FMV
of those securities exceeded the adjusted
basis of your partnership interest
immediately before the distribution
(reduced by any cash received in the
distribution), you may have to recognize
gain on the appreciated property. See
section 737 for details.
Code M6. Distributions of property
other than money. Box 9, Code M6,
shows the partnership's adjusted basis of
property other than money immediately
before the property was distributed to you.
In addition, the partnership should attach a
statement showing the cost basis and
FMV of each property distributed.
Decrease the adjusted basis of your
interest in the partnership by the amount
of your basis in the distributed property.
Your basis in the distributed property
(other than in liquidation of your interest) is
the smaller of:
The partnership's adjusted basis
immediately before the distribution, or
The adjusted basis of your partnership
interest reduced by any cash distributed in
the same transaction.
If you received the property in
liquidation of your interest, your basis in
the distributed property is equal to the
adjusted basis of your partnership interest
reduced by any cash distributed in the
same transaction.
If you contributed appreciated property
to the partnership within 7 years of a
distribution of other property to you, and
the FMV of the other property exceeded
the adjusted basis of your partnership
interest immediately before the distribution
(reduced by any cash received in the
distribution), you may have to recognize
gain on the appreciated property. See
section 737 for details.
Code M7. Gain eligible for section
1202 exclusion. This gain from the sale
or exchange of qualified small business
(QSB) stock (as defined in the Instructions
for Schedule D) is eligible for the section

Instructions for Schedule K-1 (1065-B)

1202 exclusion. The partnership must also
provide you with:
The name of the corporation that issued
the QSB stock,
Your share of the partnership's adjusted
basis of the QSB stock,
Your share of the partnership's sales
price of the QSB stock, and
The dates the QSB stock was bought
and sold.
Corporate partners are not eligible for
the section 1202 exclusion. The following
additional limitations apply at the partner
level.
You must have held an interest in the
partnership when the partnership acquired
the QSB stock and at all times thereafter
until the partnership disposed of the QSB
stock.
Your share of the eligible section 1202
gain can’t exceed the amount that would
have been allocated to you based on your
interest in the partnership at the time the
QSB stock was acquired.
See the Instructions for Schedule D
(Form 1040) and the Instructions for Form
8949 for details on how to report the gain
and the amount of the allowable exclusion.
Code M8. Gain eligible for section
1045 rollover-stock replaced. This gain
is eligible for the section 1045 rollover.
Replacement stock has been purchased
by the partnership. The partnership must
also provide you with:
The name of the corporation that issued
the QSB stock,
Your share of the partnership's adjusted
basis of the QSB stock,
Your share of the partnership's sales
price of the QSB stock,
The dates the QSB stock was bought
and sold,
Your share of gain from the sale of the
QSB stock, and
Your share of the gain that was
deferred by the partnership under section
1045.
Corporate partners aren’t eligible for
the section 1045 rollover. To qualify for the
section 1045 rollover:
You must have held an interest in the
partnership during the entire period in
which the partnership held the QSB stock,
and
Your share of the gain eligible for the
section 1045 rollover can’t exceed the
amount that would have been allocated to
you based on your interest in the
partnership at the time the QSB stock was
acquired.
See the Instructions for Schedule D
(Form 1040) and the Instructions for Form
8949 for details on how to report the gain
and the amount of the allowable
postponed gain.
Opting out of partnership election.
You can opt out of the partnership's
-11-

section 1045 election and either (1)
recognize the gain, or (2) elect to
purchase different replacement QSB
stock, either directly or through ownership
of a different partnership that acquired
replacement QSB stock. You satisfy the
requirement to purchase replacement
QSB stock if you own an interest in a
partnership that purchases QSB stock
during the 60-day period. You also must
notify the partnership, in writing, if you opt
out of the partnership's section 1045
election. If you recognize gain, you must
notify the partnership, in writing, of the
amount of gain that you are recognizing.
Code M9. Gain eligible for section
1045 rollover-stock not replaced. This
gain is eligible for the section 1045
rollover. Replacement stock has not been
purchased by the partnership. The
partnership must also provide you with:
The name of the corporation that issued
the QSB stock,
Your share of the partnership's adjusted
basis of the QSB stock,
Your share of the partnership's sales
price of the QSB stock,
The dates the QSB stock was bought
and sold, and
Your share of the gain from the sale of
the QSB stock.
Corporate partners are not eligible for
the section 1045 rollover. To qualify for the
section 1045 rollover:
You must have held an interest in the
partnership during the entire period in
which the partnership held the QSB stock,
Your share of the gain eligible for the
section 1045 rollover can’t exceed the
amount that would have been allocated to
you based on your interest in the
partnership at the time the QSB stock was
acquired, and
You must purchase other QSB stock
(as defined in the Instructions for
Schedule D (Form 1040) and the
Instructions for Form 8949) and during the
60-day period that began on the date the
QSB stock was sold by the partnership.
See the Instructions for Schedule D
(Form 1040) and the Instructions for Form
8949 for details on how to report the gain
and the amount of the allowable
postponed gain.
Making the section 1045 election.
You make a section 1045 election on a
timely filed return for the tax year during
which the partnership's tax year ends.
Attach to your Schedule D (Form 1040) a
statement that includes the following
information for each amount of gain that
you do not recognize under section 1045.
The name of the corporation that issued
the QSB stock.
The name and EIN of the selling
partnership.
The dates the QSB stock was
purchased and sold.

The amount of gain that is not
recognized under section 1045.
If a partner purchases QSB stock, the
name of the corporation that issued the
replacement QSB stock, the date the
stock was purchased, and the cost of the
stock.
If a partner treats the partner's interest
in QSB stock that is purchased by a
purchasing partnership as the partner's
replacement QSB stock, the name and
EIN of the purchasing partnership, the
name of the corporation that issued the
replacement QSB stock, the partner's
share of the cost of the QSB stock that
was purchased by the partnership, the
computation of the partner's adjustment to
basis with respect to that QSB stock, and
the date the stock was purchased by the
partnership.
Distribution of replacement QSB stock
to a partner that reduces another partner's interest in replacement QSB
stock. You must recognize gain upon a
distribution of replacement QSB stock to
another partner that reduces your share of
the replacement QSB stock held by a
partnership. The amount of gain that you
must recognize is based on the amount of
gain that you would recognize upon the
sale of the distributed replacement QSB
stock for its FMV on the date of the
distribution, but not to exceed the amount
you previously deferred under section
1045 with respect to the distributed
replacement QSB stock. If the partnership
distributed your share of replacement
QSB stock to another partner, the
partnership should give you (a) the name
of the corporation that issued the
replacement QSB stock, (b) the date the
replacement QSB stock was distributed to
another partner or partners, and (c) your
share of the partnership's adjusted basis
and fair market value of the replacement
QSB stock on such date.
For more information, see Regulations
section 1.1045-1.

Code N. Unrecaptured Section
1250 Gain
Report this gain on line 11 of the
Unrecaptured Section 1250 Gain
Worksheet in the Instructions for
Schedule D (Form 1040). Do not report
the gain on line 5 as stated on the
worksheet.

Codes O1 and O2. Extraterritorial
Income Exclusion
Partnership did not claim the exclusion. If the partnership reports your share
of foreign trading gross receipts (Code
O1) and the extraterritorial income
exclusion (Code O2), the partnership was
not entitled to claim the exclusion because

it did not meet the foreign economic
process requirements. You may still
qualify for your share of this exclusion if
the partnership's foreign trading gross
receipts for the tax year were $5 million or
less.
To qualify for this exclusion, your
foreign trading gross receipts from all
sources for the tax year also must have
been $5 million or less.
Limited partners who qualify for the
exclusion. Report the extraterritorial
exclusion amount (Code O2) as a
deduction reducing the amount reported in
box 1 (see the box 1 instructions, earlier).
General partners who qualify for the
exclusion. Report the Code O2 amount
in accordance with the instructions for
box 9, Code A1, B1, or C1, whichever
applies. See Form 8873, Extraterritorial
Income Exclusion, for more information.
Partnership claimed the exclusion. If
the partnership reports your share of
foreign trading gross receipts (Code O1)
but not the amount of the extraterritorial
income exclusion, the partnership met the
foreign economic process requirements
and claimed the exclusion when figuring
your share of partnership income. You
also may need to know the amount of your
share of foreign trading gross receipts
from this partnership to determine if you
met the $5 million or less exception
discussed above for purposes of
qualifying for an extraterritorial income
exclusion from other sources.
Upon request, the partnership
should furnish you a copy of the
CAUTION partnership's Form 8873 if there is
a reduction for international boycott
operations, illegal bribes, kickbacks, etc.

!

Code P. Inversion Gain
The partnership must provide a statement
showing the amounts of each type of
income or gain that is included in inversion
gain. The partnership has included
inversion gain in income elsewhere on
Schedule K-1. Inversion gain is also
reported under Code P because your
taxable income and alternative minimum
taxable income can’t be less than the
inversion gain. Also, your inversion gain
(a) isn’t taken into account in figuring the
amount of net operating loss (NOL) for the
tax year or the amount of NOL that can be
carried over to each tax year, (b) may limit
the amount of your credits, and (c) is
treated as income from sources within the
United States for the foreign tax credit.
See section 7874 for details.

-12-

Code Q. Commercial Revitalization
Deduction
Follow the Instructions for Form 8582 for
commercial revitalization deductions from
rental real estate activities to figure how
much of the deduction can be reported on
Schedule E (Form 1040), line 28, column
(f).
The commercial revitalization
deduction is not available for any
CAUTION building placed in service after
December 31, 2009.

!

Codes R1 and R2. Interest
Deduction Limitation for Corporate
Partners
A corporate partner is required to treat its
share of interest income, interest expense,
and partnership liabilities as income,
expense, and liabilities of the corporation
for purposes of the interest deduction
limitation under section 163(j). The
corporation's share of interest income is
reported in box 9 using code R1. Its share
of interest expense is reported using code
R2. The amounts reported using code R1
and R2 are for information only, and are
included in amounts reported elsewhere
on Schedule K-1. The corporation's share
of partnership liabilities is shown in the first
column of Schedule K-1.

Code S1. Domestic Production
Activities Information
The partnership must attach a statement
to Schedule K-1 that provides the
information you need to figure the
domestic production activities deduction.
Use Form 8903, Domestic Production
Activities Deduction, to figure this
deduction. See the Instructions for Form
8903 for details.

Code S2. Qualified Production
Activities Income (QPAI)
Report the QPAI reported to you by the
partnership (in box 9 using Code S2) on
Form 8903, in the applicable column of
line 7.

Code S3. Employer's W-2 Wages
Report the portion of W-2 wages reported
to you by the partnership (in box 9 using
Code S3) on Form 8903, line 17.

Code T. Section 409A Income
This is compensation to partners deferred
under a section 409A nonqualified
deferred compensation plan that doesn’t
meet the requirements of section 409A.
This amount is also reported in box 9
using Code F. This amount is subject to
interest and additional tax to be reported
Instructions for Schedule K-1 (1065-B)

on Form 1040, line 62. See the
instructions for line 62 of Form 1040 for
details.

Code U. Net Investment Income
The partnership may use this Code U to
report information you may need to
determine your net investment income tax
under section 1411 including information
regarding income from controlled foreign
corporations (CFCs) and passive foreign
investment companies (PFICs) the stock
of which is owned by the partnership. Any
information that isn’t provided elsewhere
on Schedule K-1 (or an attachment to
Schedule K-1) is provided using Code U.
For CFCs and PFICs that you treat as
qualified electing funds (QEFs), the
information that is relevant to you will
depend on whether you, the partnership,
or a lower-tier entity has made an election
under Regulations section 1.1411-10(g)
with respect to the CFC or QEF. For
example, if the partnership made an
election under Regulations section
1.1411-10(g) for a CFC the stock of which
is owned by the partnership, and the
relevant income and deduction items
derived from that CFC are reported
elsewhere on the Schedule K-1, then you
will not need the information provided
using Code U to complete your Form
8960.
If you are an individual who is a U.S.
citizen or resident, or a domestic trust or
estate, follow the Instructions for Form
8960 to figure and report your net
investment income and adjusted gross
income or modified adjusted gross
income. Corporate partners aren’t subject
to the net investment income tax. See
Regulations sections 1.1411-1 through 10
for details.

Code V. Other Information
The partnership will use Code V to report
the following to partners.
The recapture of any credit (other than
partnership level low-income housing
credit or investment credit) is reported to
you as a separately stated item. See the
instructions for the specific form identified
with the credit for more information on
reporting the recapture.
Any information a partner that is a
publicly traded partnership may need to
determine if it meets the 90% qualifying
income test of section 7704(c)(2).
Partners are required to notify the
partnership of their status as a publicly
traded partnership.
Any information you need to complete a
disclosure statement for reportable
transactions in which the partnership
participates. If the partnership participates
in a transaction that must be disclosed on

Instructions for Schedule K-1 (1065-B)

Form 8886, Reportable Transaction
Disclosure Statement, both you and the
partnership may be required to file Form
8886 for the transaction. The
determination of whether you are required
to disclose a transaction of the partnership
is based on the category(s) under which
the transaction qualifies for disclosure and
is determined by the partnership. See the
Instructions for Form 8886 for details.
Conservation reserve program
payments. Individuals who received social
security retirement or disability benefits,
and are partners in a farm partnership that
receives conservation reserve program
payments, don’t pay self-employment tax
on their share of the conservation reserve
payments. The partnership will report your
share of the conservation reserve program
payments in box 9 using Code V. See
Schedule SE (Form 1040) for information
on excluding the payments from your
calculation of self-employment tax.
Gain or loss attributable to the sale or
exchange of qualified preferred stock of
the Federal National Mortgage
Association (Fannie Mae) and the Federal
Home Loan Mortgage Corporation
(Freddie Mac). The partnership will report
on an attached statement the amount of
gain or loss attributable to the sale or
exchange of the qualified preferred stock,
the date the stock was acquired by the
partnership, and the date the stock was
sold or exchanged by the partnership. If
the partner is not a financial institution,
report the gain or loss on line 5 or line 12
of Schedule D (Form 1040) in accordance
with the instructions for Schedule D. If a
partner is a financial institution referred to
in section 582(c)(2) or a depositary
institution holding company (as defined in
section 3(w)(1) of the Federal Deposit
Insurance Act), report the gain or loss in
accordance with the Instructions for Form
4797, and Rev. Proc. 2008-64, 2008-47
I.R.B. 1195.
If the partnership made a section 108(i)
election or allocates any section 108(i)
items to its partners, it will provide a
statement identifying your share of the
following.
1. The deferred section 108(i)
cancellation of debt (COD) income that
hasn’t been included in income in the
current or prior tax years.
2. The partnership's original issue
discount (OID) deduction deferred under
section 108(i)(2)(A)(i) that hasn’t been
deducted in the current or prior tax years.
3. The deferred section 752 amount
that is treated as a distribution of money
under section 752 in the current tax year.
4. The deferred section 752 amount
remaining as of the end of the current tax
year.

-13-

5. Any income previously deferred as
a result of a section 108(i) election that is
includible in the current year. See section
108(i) for events that will cause previously
deferred income to be reportable, and a
special rule for allocating deferred income
to partners.
6. The current year section 108(i) OID
deduction. The partnership will provide
your share of the partnership's OID
deduction deferred under section 108(i)(2)
(A)(i) that is allowable as a deduction in
the current tax year under section 108(i)
(2)(A)(ii) or section 108(i)(5)(D)(i) or (ii).
The information needed to complete
Schedule P (Form 1120-F), List of Foreign
Partner Interests in Partnerships. When
required, the partnership will make this
report on an attached statement to
partners that are a corporation identified
as a foreign partner under Regulations
section 1.1446-1(c)(3) or partners that are
a partnership (domestic or foreign) if the
reporting partnership knows, or has
reason to know, that one or more of the
partners is a foreign corporation. If the
partnership allocates effectively
connected income to the partner, the
statement will contain the information
needed to complete lines 1 through 10,
13, 14, 15b, 17a, 17b, and 18 of
Schedule P (Form 1120-F). If the
partnership does not allocate effectively
connected income to the partner, the
statement will contain the information
needed to complete lines 13, 14, and 18 of
Schedule P (Form 1120-F), information
that might be relevant for purposes of
completing Schedule P in determining
your interest expense deduction under
Regulations section 1.882-5.
The partner's share of the credit for
each separate bond credit that was
reported on the partnership's Form 8912.
Do not add these amounts to your income,
as they were included in the income (loss)
reported in box 1 or 2. The partnership will
report the following credits separately:
clean renewable energy bond credit, new
clean renewable energy bond credit,
qualified energy conservation bond credit,
qualified zone academy bond credit,
qualified school construction bond credit,
and build America bond credit.
Excess farm loss limitation. If the
partnership has deductions attributable to
a farming activity, it will provide a
statement showing the aggregate gross
income or gain and the aggregate
deductions from the farming activity that
you need to figure any excess farm loss
limitation. See section 461(j) for details.
Any other information you may need to
file with your return not shown elsewhere
on Schedule K-1. The partnership must
give you a description and the amount of
your share for each of these items.


File Typeapplication/pdf
File Title2017 Partner's Instructions for Schedule K-1 (Form 1065-B)
SubjectPartner's Instructions for Schedule K-1 (Form 1065-B), Partner's Share of Income (Loss) From an Electing Large Partnership (For
AuthorW:CAR:MP:FP
File Modified2018-02-08
File Created2018-01-24

© 2024 OMB.report | Privacy Policy