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Alabama Free Printable  for 2024 Alabama Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1)

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Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1)
Schedule K1 (Form 65)

SCHEDULE K-1 Reset Form (Form 65) *23000765* Income tAx ADmInIstrAtIon DIvIsIon owner’s share of Income, Deductions, credits, etc. •  Electing Pass-Through Entity •  QIP AlAbAmA DepArtment of revenue 2023 •  Final K-1 SEE INSTRUCTIONS Tax year beginning _________________, 2023 and ending _________________, 20_____ PART I PART III Information About the Partnership A Partnership’s Employer Identification Number B Partnership’s name, address, city, state, and zip code Partner’s Share of Current Year Income, Deductions, Credits, and Other Items Distributive share allocated and apportioned to Alabama G Ordinary income (loss) Distributive share to be reported by Alabama Residents G2 • H Net rental real estate income (loss) PART II C Information About the Partner Partner’s identifying number (Do not use TIN of a disregarded entity) J Partner’s Name K • L City State • • • •  Limited partner or other LLC 1. •  General partner or LLC member manager 2. What type of entity is this partner? • K2 member M 4. Partner’s share of profit, loss, and capital: Beginning Ending • Profit % _____________ • Profit %_____________ • Loss % _____________ • Loss % _____________ • Capital % ___________ • Capital % ___________ 5. Partner’s share of liabilities at year end: Nonrecourse • $ Qualified nonrecourse financing • $ Recourse • $ 6. Check if partner is a nonresident •  If a nonresident, provide state of legal residence • 7. Check if partner is a disregarded entity •  • Partner’s Name • FEIN 8. Partner’s capital account analysis: Beginning capital account •$ Capital contributed during the year •$ Current year increase (decrease) •$ Withdrawals and distributions •$( Ending capital account •$ Credits from Schedule PC Code Maximum Allowable • 1. • • 2. • • 3. • Nonbusiness items N Section 179 Deduction Contributions Investment interest expense Other deductions O2 Oil and gas depletion Casualty losses Tax-exempt income Nondeductible expenses Distributions Investment income Investment expenses Other items and amounts • Z Distributions • W2 Investment income • X2 • ) Y Nondeductible expenses • V2 • X Tax-exempt income • U2 • W Casualty losses • T2 • V Oil and gas depletion • S2 • U Other deductions • R2 • T Investment interest expense • Q2 • S Contributions • P2 • R Section 179 Deduction • •  Nondeductible • Q Nonbusiness items • N2 • P Other income (loss) • M2 • •  Nondeductible O Net capital gain (loss) • L2 • • Nominee • Other income (loss) • Zip 3. If this partner is a retirement plan (IRA/SEP/etc.) check here F Net capital gain (loss) Portfolio income • • Street Guaranteed payments • J2 • •  QIP Exempt Income • E Portfolio income Net rental real estate income (loss) • I2 • • D Guaranteed payments Ordinary income (loss) • H2 • I •  Amended K-1 Investment expenses • Y2 Other items and amounts • Composite Payment/Electing PassThrough Entity Credit • •  NRC-Exempt ADOR
Extracted from PDF file 2023-alabama-schedule-k1-form-65.pdf, last modified August 2019

More about the Alabama Schedule K1 (Form 65) Corporate Income Tax TY 2023

We last updated the Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1) in January 2024, so this is the latest version of Schedule K1 (Form 65), fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule K1 (Form 65) directly from TaxFormFinder. You can print other Alabama tax forms here.

Other Alabama Corporate Income Tax Forms:

TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form PTE-V (Obsolete) Pass Through Entities Payment Voucher
Schedule D Net Profit or Loss (Form 41)
Form 65 Partnership / Limited Liability Company Return of Income
Schedule K-1 (Form 20S) Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S)
Schedule K1 (Form 65) Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1)

Download all AL tax forms View all 48 Alabama Income Tax Forms

Form Sources:

Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Schedule K1 (Form 65) from the Department of Revenue in January 2024.

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About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Alabama Schedule K1 (Form 65)

We have a total of twelve past-year versions of Schedule K1 (Form 65) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

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While we do our best to keep our list of Alabama Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

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