Partner’s Share of Current Year Income, Deductions, Credits, and Other Items
651119 Final K-1 2020 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 / 2020 / / ending / Partner’s Share of Income, Deductions, ▶ See 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 instructions.) 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 2020, 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) 2020
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