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

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Final K-1

2019

Schedule K-1
(Form 8865)

For calendar year 2019, or tax
year beginning

Department of the Treasury
Internal Revenue Service

, 2019

ending

Partner’s Share of Income, Deductions,
▶ See back of form.
Credits, etc.

OMB No. 1545-1668

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

, 20

Amended K-1

Ordinary business income (loss)

15

Credits

DRAFT AS OF
September 26, 2019
DO NOT FILE
Part I

Information About the Partnership

2

Net rental real estate income (loss)

3

Other net rental income (loss)

A1

Partnership’s employer identification number

4a

Guaranteed payments for services

A2

Reference ID number (see instructions)

4b

Guaranteed payments for capital

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

4c

Total guaranteed payments

5

Interest income

6a

Ordinary dividends

6b

Qualified dividends

B

Part II

Information About the Partner

C

Partner’s identifying number (Do not use TIN of a disregarded entity. See instructions.)

6c

Dividend equivalents

D

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

7

Royalties

8

Net short-term capital gain (loss)

9a

Net long-term capital gain (loss)

Disregarded entity:
Name of beneficial owner

9b

Collectibles (28%) gain (loss)

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

9c

Unrecaptured section 1250 gain

10

Net section 1231 gain (loss)

11

Other income (loss)

12

Section 179 deduction

13

Other deductions

E

Beginning

Ending

Profit

%

%

Loss

%

%

Capital

%

%

Deductions

%

16

Foreign transactions

17

Alternative minimum tax
(AMT) items

18

Tax-exempt income and
nondeductible expenses

19

Distributions

20

Other information

%

Check if decrease is due to sale or exchange of partnership interest

.

.

Partner’s Capital Account Analysis

F

Tax Basis Capital
Beginning capital account

.

.

Capital contributed during the year
Current year net income (loss) .

.

.

.$

.

.$

.

.$

Other increase (decrease) (attach explanation) $
Withdrawals & distributions
Ending capital account

.

.

. $(

.

.

.

.$

)

Partner’s Share of Net Unrecognized Section 704(c) Gain or (Loss)
Beginning

.

.

.

.

.

.

.

.

$

Ending .

.

.

.

.

.

.

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.

$

For IRS Use Only

G

.

.

For Paperwork Reduction Act Notice, see Instructions for Form 8865.

14

Self-employment earnings (loss)

www.irs.gov/Form8865

Cat. No. 28396B

Schedule K-1 (Form 8865) 2019

Page 2

Schedule K-1 (Form 8865) 2019

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

Ordinary business income (loss). Determine whether the income (loss) is
passive or nonpassive and enter on your return as follows:
Report on
Passive loss
See Partner’s Instr. (Form 1065)
Passive income
Schedule E, line 28, column (h)
Nonpassive loss
See Partner’s Instr. (Form 1065)
Nonpassive income
Schedule E, line 28, column (k)
2. Net rental real estate income (loss)
See Partner’s Instr. (Form 1065)
3. Other net rental income (loss)
Net income
Schedule E, line 28, column (h)
Net loss
See Partner’s Instr. (Form 1065)
4a. Guaranteed payment services
See Partner’s Instr. (Form 1065)
4b. Guaranteed payment capital
See Partner’s Instr. (Form 1065)
4c. Guaranteed payment total
See Partner’s Instr. (Form 1065)
5. Interest income
Form 1040 or 1040-SR, line 2b
6a. Ordinary dividends
Form 1040 or 1040-SR, line 3b
6b. Qualified dividends
Form 1040 or 1040-SR, line 3a
6c. Dividend equivalents
See Partner’s Instr. (Form 1065)
7. Royalties
Schedule E, line 4
8. Net short-term capital gain (loss)
Schedule D, line 5
9a. Net long-term capital gain (loss)
Schedule D, line 12
9b. Collectibles (28%) gain (loss)
28% Rate Gain Worksheet, line
4 (Schedule D instructions)
9c. Unrecaptured section 1250 gain
See Partner’s Instr. (Form 1065)
10. Net section 1231 gain (loss)
See Partner’s Instr. (Form 1065)
11. Other income (loss)
Code
A Other portfolio income (loss)
See Partner’s Instr. (Form 1065)
B Involuntary conversions
See Partner’s Instr. (Form 1065)
C Section 1256 contracts & straddles
Form 6781, line 1
D Mining exploration costs recapture
See Pub. 535
E Cancellation of debt
Schedule 1 (Form 1040 or
1040-SR), line 8, or Form 982
F Section 743(b) positive adjustments
See Partner’s Instr. (Form 1065)
G Other income (loss)
See Partner’s Instr. (Form 1065)
12. Section 179 deduction
See Partner’s Instr. (Form 1065)
13. Other deductions
A Cash contributions (60%)
B Cash contributions (30%)
C Noncash contributions (50%)
D Noncash contributions (30%)
See Partner’s Instr. (Form 1065)
E Capital gain property to a 50%
organization (30%)
F Capital gain property (20%)
G Contributions (100%)
H Investment interest expense
Form 4952, line 1
I Deductions—royalty income
Schedule E, line 19
J Section 59(e)(2) expenditures
See Partner’s Instr. (Form 1065)
K Excess business interest expense
See Partner’s Instr. (Form 1065)
L Deductions—portfolio (other)
Schedule A (Form 1040 or
1040-SR), line 16
M Amounts paid for medical insurance
Schedule A (Form 1040 or
1040-SR), line 1, or Schedule 1
(Form 1040 or 1040-SR), line 16
N Educational assistance benefits
See Partner’s Instr. (Form 1065)
O Dependent care benefits
Form 2441, line 12
P Preproductive period expenses
See Partner’s Instr. (Form 1065)
Q Commercial revitalization deduction
from rental real estate activities
See Form 8582 instructions
R Pensions and IRAs
See Partner’s Instr. (Form 1065)
S Reforestation expense deduction
See Partner’s Instr. (Form 1065)
T through U
Reserved for future use
V Section 743(b) negative adjustments
See Partner’s Instr. (Form 1065)
W Other deductions
See Partner’s Instr. (Form 1065)
14. Self-employment earnings (loss)
Note: If you have a section 179 deduction or any partner-level deductions, see the
Partner’s Instr. (Form 1065) before completing Schedule SE.
A Net earnings (loss) from self-employment Schedule SE, Section A or B
B Gross farming or fishing income
See Partner’s Instr. (Form 1065)
C Gross non-farm income
See Partner’s Instr. (Form 1065)
15. Credits
A Low-income housing credit (section
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 Partner’s Instr. (Form 1065)
D Low-income housing credit (other)
from post-2007 buildings
E Qualified rehabilitation expenditures
(rental real estate)
F Other rental real estate credit
G Other rental credits

Code
H Undistributed capital gains credit

Report on
Schedule 3 (Form 1040 or
1040-SR), line 13, box a

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DRAFT AS OF
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DO NOT FILE
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I
J
K
L
M
N

16.

17.

18.

19.

20.

Biofuel producer credit
Work opportunity credit
Disabled access credit
Empowerment zone employment credit
Credit for increasing research activities
See Partner’s Instr. (Form 1065)
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 Reserved for future use
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 Reserved for future use
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
Q Total foreign taxes accrued
Form 1116, Part II
R Reduction in taxes available for credit
Form 1116, line 12
S Foreign trading gross receipts
Form 8873
T Extraterritorial income exclusion
Form 8873
U Other foreign transactions
See Partner’s Instr. (Form 1065)
Alternative minimum tax (AMT) items
A Post-1986 depreciation adjustment
B Adjusted gain or loss
See Partner’s Instr. (Form 1065)
C Depletion (other than oil & gas)
and the Instructions for
D Oil, gas, & geothermal—gross income
Form 6251
E Oil, gas, & geothermal—deductions
F Other AMT items
Tax-exempt income and nondeductible expenses
A Tax-exempt interest income
Form 1040 or 1040-SR, line 2a
B Other tax-exempt income
See Partner’s Instr. (Form 1065)
C Nondeductible expenses
See Partner’s Instr. (Form 1065)
Distributions
A Cash and marketable securities
B Distribution subject to section 737
See Partner’s Instr. (Form 1065)
C Other property
Other information
A Investment income
Form 4952, line 4a
B Investment expenses
Form 4952, line 5
C Fuel tax credit information
Form 4136
D Qualified rehabilitation expenditures
(other than rental real estate)
See Partner’s Instr. (Form 1065)
E Basis of energy property
F through G
H Recapture of investment credit
See Form 4255
I Recapture of other credits
See Partner’s Instr. (Form 1065)
J Look-back interest—completed longterm contracts
See Form 8697
K Look-back interest—income forecast method See Form 8866
L Dispositions of property with section
179 deductions
M Recapture of section 179 deduction
N Interest expense for corporate partners
O Code O through Y
Z Section 199A information
AA Section 704(c) information
See Partner’s Instr. (Form 1065)
AB Section 751 gain (loss)
AC Section 1(h)(5) gain (loss)
AD Section 1250 unrecaptured gain
AE Excess taxable income
AF Excess business interest income
AG Gross receipts for section 59A(e)
AH Other information

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