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TLS, have you I.R.S. SPECIFICATIONS TO BE REMOVED BEFORE PRINTING
transmitted all R Action Date Signature
text files for this INSTRUCTIONS TO PRINTERS
cycle update? Schedule K-1 (FORM 8865), PAGE 1 OF 2
MARGINS; TOP 13mm (1⁄2 "), CENTER SIDES. PRINTS: HEAD TO HEAD O.K. to print
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Final K-1 Amended K-1 OMB No. 1545-1668
Schedule K-1
(Form 8865) 2004 or Part III Partner’s Share of Current Year Income,
Deductions, Credits, and Other Items
Department of the Treasury Tax year beginning , 2004
Internal Revenue Service
and ending , 200__ 1 Ordinary business income (loss) 15 Credits & credit recapture
Partner’s Share of Income, Deductions,
Credits, etc. 䊳 See back of form and separate instructions. 2 Net rental real estate income (loss)
3 Other net rental income (loss)
Part I Information About the Partnership
A Partnership’s employer identification number 4 Guaranteed payments
B Partnership’s name, address, city, state, and ZIP code 5 Interest income 16 Foreign transactions
6a Ordinary dividends
6b Qualified dividends
7 Royalties
Part II Information About the Partner
C Partner’s identifying number 8 Net short-term capital gain (loss)
D Partner’s name, address, city, state, and ZIP code 9a Net long-term capital gain (loss)
9b Collectibles (28%) gain (loss)
9c Unrecaptured section 1250 gain 17 Alternative minimum tax (AMT) items
E Partner’s share of profit, loss, capital, and deductions: 10 Net section 1231 gain (loss)
Beginning Ending
Profit % % 11 Other income (loss)
Loss % %
Capital % %
Deductions % %
18 Tax-exempt income and
nondeductible expenses
F Partner’s capital account analysis:
Beginning capital account $
Capital contributed during the year $
Current year increase (decrease) $
Withdrawals & distributions $ ( )
12 Section 179 deduction
Ending capital account $
19 Distributions
13 Other deductions
Tax basis GAAP Section 704(b) book
Other (explain)
20 Other information
For IRS Use Only
14 Self-employment earnings (loss)
*See attached statement for additional information.
For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 8865. Cat. No. 28396B Schedule K-1 (Form 8865) 2004
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I.R.S. SPECIFICATIONS TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
SCHEDULE K-1 (FORM 8865), PAGE 2 OF 2
MARGINS; TOP 1⁄2 ”, CENTER SIDES. PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20. INK: BLACK
FLAT SIZE: 81⁄2 ” x 11”
PERFORATE: NONE
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT
Schedule K-1 (Form 8865) 2004 Page 2
This list identifies the codes used on Schedule K-1 for partners Code Enter on
and provides summarized reporting information for partners who I Undistributed capital gains credit Form 1040, line 69, box a
file Form 1040. For detailed reporting and filing information, see J Work opportunity credit Form 5884, line 3
the Partner’s Instructions for Schedule K-1 (Form 1065) and the K Welfare-to-work credit Form 8861, line 3
L Disabled access credit Form 8826, line 7
instructions for your income tax return.
M Empowerment zone and renewal
1. Ordinary business income (loss). You must first determine whether the community employment credit Form 8844, line 3
income (loss) is passive or nonpassive. Then enter on your return as N New York Liberty Zone business
follows: employee credit Form 8884, line 3
Enter on O New markets credit Form 8874, line 2
Passive loss See Partner’s Instr. (Form 1065) P Credit for employer social security
and Medicare taxes Form 8846, line 5
Passive income Schedule E, line 28, column (g)
Q Backup withholding Form 1040, line 63
Nonpassive loss Schedule E, line 28, column (h)
R Recapture of low-income housing
Nonpassive income Schedule E, line 28, column (j) credit (section 42(j)(5)) Form 8611, line 8
2. Net rental real estate income (loss) See Partner’s Instr. (Form 1065) S Recapture of low-income housing
3. Other net rental income (loss) credit (other) Form 8611, line 8
Net income Schedule E, line 28, column (g) T Recapture of investment credit See Form 4255
Net loss See Partner’s Instr. (Form 1065) U Other credits See Partner’s Instr. (Form 1065)
V Recapture of other credits See Partner’s Instr. (Form 1065)
4. Guaranteed payments Schedule E, line 28, column (j)
16. Foreign transactions
5. Interest income Form 1040, line 8a
A Name of country or U.S.
6a. Ordinary dividends Form 1040, line 9a possession Form 1116, Part I
6b. Qualified dividends Form 1040, line 9b B Gross income from all sources Form 1116, Part I
7. Royalties Schedule E, line 4 C Gross income sourced at partner
level Form 1116, Part I
8. Net short-term capital gain (loss) Schedule D, line 5, column (f)
9a. Net long-term capital gain (loss) Schedule D, line 12, column (f) Foreign gross income sourced at partnership level
9b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4 D Passive Form 1116, Part l
(Schedule D Instructions) E Listed categories Form 1116, Part I
9c. Unrecaptured section 1250 gain See Partner’s Instr. (Form 1065) F General limitation Form 1116, Part I
10. Net section 1231 gain (loss) See Partner’s Instr. (Form 1065) Deductions allocated and apportioned at partner level
11. Other income (loss) G Interest expense Form 1116, Part I
H Other Form 1116, Part I
Code
Deductions allocated and apportioned at partnership level
A Other portfolio income (loss) See Partner’s Instr. (Form 1065) to foreign source income
B Involuntary conversions See Partner’s Instr. (Form 1065) I Passive Form 1116, Part I
C Sec. 1256 contracts & straddles Form 6781, line 1 J Listed categories Form 1116, Part I
D Mining exploration costs recapture See Pub. 535 K General limitation Form 1116, Part I
E Cancellation of debt Form 1040, line 21 or Form 982
F Other income (loss) See Partner’s Instr. (Form 1065) Other information
L Total foreign taxes paid Form 1116, Part II
12. Section 179 deduction See Partner’s Instr. (Form 1065)
M Total foreign taxes accrued Form 1116, Part II
13. Other deductions N Reduction in taxes available for
A Cash contributions (50%) Schedule A, line 15 credit Form 1116, line 12
B Cash contributions (30%) Schedule A, line 15 O Foreign trading gross receipts Form 8873
C Noncash contributions (50%) Schedule A, line 16 P Extraterritorial income exclusion Form 8873
D Noncash contributions (30%) Schedule A, line 16 Q Other foreign transactions See Partner’s Instr. (Form 1065)
E Capital gain property to a 50%
其
17. Alternative minimum tax (AMT) items
organization (30%) Schedule A, line 16
A Post-1986 depreciation adjustment
F Capital gain property (20%) Schedule A, line 16
B Adjusted gain or loss See Partner’s Instr.
G Deductions—portfolio (2% floor) Schedule A, line 22
C Depletion (other than oil & gas) (Form 1065) and the
H Deductions—portfolio (other) Schedule A, line 27
D Oil, gas, & geothermal—gross income Instructions for
I Investment interest expense Form 4952, line 1
E Oil, gas, & geothermal—deductions Form 6251
J Deductions—royalty income Schedule E, line 18
F Other AMT items
K Section 59(e)(2) expenditures See Partner’s Instr. (Form 1065)
L Amounts paid for medical insurance Schedule A, line 1 or Form 1040, 18. Tax-exempt income and nondeductible expenses
line 31 A Tax-exempt interest income Form 1040, line 8b
M Educational assistance benefits See Partner’s Instr. (Form 1065) B Other tax-exempt income See Partner’s Instr. (Form 1065)
N Dependent care benefits Form 2441, line 12 C Nondeductible expenses See Partner’s Instr. (Form 1065)
O Preproductive period expenses See Partner’s Instr. (Form 1065) 19. Distributions
P Commercial revitalization deduction A Cash and marketable securities See Partner’s Instr. (Form 1065)
from rental real estate activities See Form 8582 Instructions B Other property See Partner’s Instr. (Form1065)
Q Penalty on early withdrawal of
savings Form 1040, line 33 20. Other information
R Pensions and IRAs See Partner’s Instr. (Form 1065) A Investment income Form 4952, line 4a
S Reforestation expense deduction See Partner’s Instr. (Form 1065) B Investment expenses Form 4952, line 5
C Fuel tax credit information Form 4136
T Other deductions See Partner’s Instr. (Form 1065)
D Look-back interest—completed
14. Self-employment earnings (loss) long-term contracts Form 8697
其
Note: If you have a section 179 deduction or any partner-level deductions, see E Look-back interest—income forecast
the Partner’s Instr. (Form 1065) before completing Schedule SE. method Form 8866
A Net earnings (loss) from F Dispositions of property with
self-employment Schedule SE, Section A or B section 179 deductions
B Gross farming or fishing income See Partner’s Instr. (Form 1065) G Recapture of section 179 deduction
C Gross non-farm income See Partner’s Instr. (Form 1065) H Special basis adjustments
15. Credits & credit recapture I Section 453(l)(3) information
A Low-income housing credit J Section 453A(c) information
(section 42(j)(5)) Form 8586, line 5 K Section 1260(b) information
See Partner’s Instr.
B Low-income housing credit (other) Form 8586, line 5 L Interest allocable to production
expenditures (Form 1065)
C Qualified rehabilitation expenditures
(rental real estate) Form 3468, line 1 M CCF nonqualified withdrawals
D Qualified rehabilitation expenditures N Information needed to figure
(other than rental real estate) Form 3468, line 1 depletion—oil and gas
E Basis of energy property Form 3468, line 2 O Amortization of reforestation costs
F Qualified timber property Form 3468, line 3 P Unrelated business taxable income
G Other rental real estate credits See Partner’s Instr. (Form 1065) Q Other information
H Other rental credits See Partner’s Instr. (Form 1065)
