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

651119
Final K-1

2019

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

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

/

2019

/

/

ending

/

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

1

Ordinary business income (loss)

2

Net rental real estate income (loss)

3

Other net rental income (loss)

4a

Guaranteed payments for services

4b

Guaranteed payments for capital

4c

Total guaranteed payments

5

Interest income

6a

Ordinary dividends

Credits

16

Foreign transactions

Information About the Partnership

17

Alternative minimum tax (AMT) items

18

Tax-exempt income and
nondeductible expenses

19

Distributions

20

Other information

Partnership’s employer identification number

B

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

C

IRS Center where partnership filed return

D

▶

Check if this is a publicly traded partnership (PTP)

Part II

Information About the Partner

E

Partner’s SSN or TIN (Do not use TIN of a disregarded entity. See inst.)

6b

Qualified dividends

F

Name, address, city, state, and ZIP code for partner entered in E. See instructions.

6c

Dividend equivalents

7

Royalties

G

General partner or LLC
member-manager

Limited partner or other LLC
member

8

Net short-term capital gain (loss)

H1

Domestic partner

Foreign partner

9a

Net long-term capital gain (loss)

9b

Collectibles (28%) gain (loss)

H2

If the partner is a disregarded entity (DE), enter the partner’s:
TIN

Name

I1

What type of entity is this partner?

I2

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

9c

Unrecaptured section 1250 gain

J

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

10

Net section 1231 gain (loss)

11

Other income (loss)

12

Section 179 deduction

13

Other deductions

14

Self-employment earnings (loss)

Profit

%

Loss

%

Capital

%

%
%
%

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

15

For calendar year 2019, or tax year

beginning

Part I

OMB No. 1545-0123

Amended K-1

.

.

Partner’s share of liabilities:
Beginning
Nonrecourse

$

$

Qualified nonrecourse
financing . . .

$

$

Recourse

$

$

.

.

.

.

Ending

.

Check this box if Item K includes liability amounts from lower tier partnerships.
Partner’s Capital Account Analysis
Beginning capital account

.

.

$

Capital contributed during the year .

.

.

$

Current year net income (loss) .

.

$

.

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

.

.

$(

.

.

.

$

)

No

If “Yes,” attach statement. See instructions.

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

.

.

.

.

.

.

.

.

$

Ending .

.

.

.

.

.

.

.

.

$

For Paperwork Reduction Act Notice, see Instructions for Form 1065.

21

More than one activity for at-risk purposes*

22

More than one activity for passive activity purposes*

*See attached statement for additional information.

Did the partner contribute property with a built-in gain or loss?
Yes

N

.

.

For IRS Use Only

L

www.irs.gov/Form1065

Cat. No. 11394R

Schedule K-1 (Form 1065) 2019

Schedule K-1 (Form 1065) 2019

Page

2

This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040 or 1040-SR.
For detailed reporting and filing information, see the separate Partner’s Instructions for Schedule K-1 and the instructions for your income tax return.
1. Ordinary business income (loss). Determine whether the income (loss) is
passive or nonpassive and enter on your return as follows.
Report on
See the Partner’s Instructions
Passive loss
Passive income
Schedule E, line 28, column (h)
Nonpassive loss
See the Partner’s Instructions
Nonpassive income
Schedule E, line 28, column (k)
2. Net rental real estate income (loss) See the Partner’s Instructions
3. Other net rental income (loss)
Net income
Schedule E, line 28, column (h)
Net loss
See the Partner’s Instructions
4a. Guaranteed payment Services
See the Partner’s Instructions
4b. Guaranteed payment Capital
See the Partner’s Instructions
4c. Guaranteed payment Total
See the Partner’s Instructions
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 the Partner’s Instructions
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 the Partner’s Instructions
10. Net section 1231 gain (loss)
See the Partner’s Instructions
11. Other income (loss)
Code
A Other portfolio income (loss)
See the Partner’s Instructions
B Involuntary conversions
See the Partner’s Instructions
C Sec. 1256 contracts & straddles
Form 6781, line 1
D Mining exploration costs recapture See Pub. 535
E Cancellation of debt
F Section 743(b) positive adjustments
G Section 965(a) inclusion
See the Partner’s Instructions
H Income under subpart F (other
than inclusions under sections
951A and 965)
I Other income (loss)
12. Section 179 deduction
See the Partner’s Instructions
13. Other deductions
A Cash contributions (60%)
B Cash contributions (30%)
C Noncash contributions (50%)
D Noncash contributions (30%)
See the Partner’s Instructions
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 the Partner’s Instructions
K Excess business interest expense See the Partner’s Instructions
L Deductions—portfolio (other)
Schedule A, line 16
M Amounts paid for medical insurance Schedule A, line 1, or Schedule 1
(Form 1040 or 1040-SR), line 16
N Educational assistance benefits
See the Partner’s Instructions
O Dependent care benefits
Form 2441, line 12
P Preproductive period expenses
See the Partner’s Instructions
Q Commercial revitalization deduction
from rental real estate activities
See Form 8582 instructions
R Pensions and IRAs
See the Partner’s Instructions
S Reforestation expense deduction
See the Partner’s Instructions
T through U
Reserved for future use
V Section 743(b) negative adjustments
W Other deductions
See the Partner’s Instructions
X Section 965(c) deduction
14. Self-employment earnings (loss)
Note: If you have a section 179 deduction or any partner-level deductions, see the
Partner’s Instructions before completing Schedule SE.
A Net earnings (loss) from
self-employment
Schedule SE, Section A or B
B Gross farming or fishing income
See the Partner’s Instructions
C Gross non-farm income
See the Partner’s Instructions
15. Credits
A Low-income housing credit
(section 42(j)(5)) from pre-2008
buildings
B Low-income housing credit
(other) from pre-2008 buildings
C Low-income housing credit
(section 42(j)(5)) from
post-2007 buildings
See the Partner’s Instructions
D Low-income housing credit
(other) from post-2007
buildings
E Qualified rehabilitation
expenditures (rental real estate)
F Other rental real estate credits
G Other rental credits

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Code
H Undistributed capital gains credit
I
J
K
L

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Report on
Schedule 3 (Form 1040 or 1040-SR),
line 13, box a
See the Partner’s Instructions

Biofuel producer credit
Work opportunity credit
Disabled access credit
Empowerment zone
employment credit
M Credit for increasing research
See the Partner’s Instructions
activities
N Credit for employer social
security and Medicare taxes
O Backup withholding
P Other credits
16. Foreign transactions
A Name of country or U.S.
possession
Form 1116, Part I
B Gross income from all sources
C Gross income sourced at
partner level
Foreign gross income sourced at partnership level
D 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
Form 8873
S Foreign trading gross receipts
Form 8873
T Extraterritorial income exclusion
U through V
Reserved for future use
W Section 965 information
See the Partner’s Instructions
X Other foreign transactions

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17. Alternative minimum tax (AMT) items
A Post-1986 depreciation adjustment
See the Partner’s
B Adjusted gain or loss
Instructions and
C Depletion (other than oil & gas)
the Instructions for
D Oil, gas, & geothermal—gross income
E Oil, gas, & geothermal—deductions
Form 6251
F Other AMT items
18. Tax-exempt income and nondeductible expenses
A Tax-exempt interest income
Form 1040 or 1040-SR, line 2a
B Other tax-exempt income
See the Partner’s Instructions
C Nondeductible expenses
See the Partner’s Instructions
19. Distributions
A Cash and marketable securities
See the Partner’s Instructions
B Distribution subject to section 737
C Other property
20. 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 the Partner’s Instructions
E Basis of energy property
F through G
H Recapture of investment credit
See Form 4255
I Recapture of other credits
See the Partner’s Instructions
J Look-back interest—completed
long-term contracts
See Form 8697
K Look-back interest—income forecast
method
See Form 8866
L Dispositions of property with
section 179 deductions
M Recapture of section 179 deduction
N Interest expense for corporate
partners
O through Y
Z Section 199A information
AA Section 704(c) information
See the Partner’s Instructions
AB Section 751 gain (loss)
AC Section 1(h)(5) gain (loss)
AD Deemed 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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